Canadian Pacific Railway Limited (NYSE:CP) (TSE:CP)‘s stock had its “buy” rating reissued by equities research analysts at Argus in a research report issued on Tuesday. They currently have a $180.00 price target on the transportation company’s stock, up from their prior price target of $165.00. Argus’ target price points to a potential upside of 13.09% from the company’s previous close.

Several other research firms also recently weighed in on CP. Bank of America Corporation upped their price target on Canadian Pacific Railway Limited from $190.00 to $193.00 and gave the stock a “buy” rating in a research note on Thursday, July 20th. Royal Bank Of Canada restated an “outperform” rating on shares of Canadian Pacific Railway Limited in a research note on Thursday, July 20th. BidaskClub downgraded Canadian Pacific Railway Limited from a “buy” rating to a “hold” rating in a research note on Monday. Zacks Investment Research upgraded Canadian Pacific Railway Limited from a “hold” rating to a “buy” rating and set a $181.00 price target for the company in a research note on Wednesday, July 12th. Finally, Wells Fargo & Company restated an “outperform” rating and issued a $180.00 price target (up from $175.00) on shares of Canadian Pacific Railway Limited in a research note on Saturday. Five research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $187.95.

Shares of Canadian Pacific Railway Limited (NYSE:CP) traded down 0.36% during midday trading on Tuesday, reaching $159.17. 564,626 shares of the company’s stock traded hands. The stock’s 50-day moving average price is $159.33 and its 200 day moving average price is $153.15. The firm has a market capitalization of $23.25 billion, a PE ratio of 18.06 and a beta of 1.10. Canadian Pacific Railway Limited has a one year low of $139.29 and a one year high of $167.52.

Canadian Pacific Railway Limited announced that its board has authorized a stock buyback plan on Wednesday, May 10th that authorizes the company to buyback 4,380,000 outstanding shares. This buyback authorization authorizes the transportation company to reacquire shares of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s board believes its stock is undervalued.

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Hedge funds have recently added to or reduced their stakes in the company. Russell Investments Group Ltd. raised its stake in Canadian Pacific Railway Limited by 24.1% in the second quarter. Russell Investments Group Ltd. now owns 289,806 shares of the transportation company’s stock worth $46,554,000 after buying an additional 56,204 shares during the last quarter. Greenleaf Trust raised its stake in Canadian Pacific Railway Limited by 8.5% in the second quarter. Greenleaf Trust now owns 24,958 shares of the transportation company’s stock worth $4,013,000 after buying an additional 1,965 shares during the last quarter. Quantitative Systematic Strategies LLC acquired a new stake in Canadian Pacific Railway Limited during the second quarter worth $593,000. DORCHESTER WEALTH MANAGEMENT Co raised its stake in Canadian Pacific Railway Limited by 5.2% in the second quarter. DORCHESTER WEALTH MANAGEMENT Co now owns 2,389 shares of the transportation company’s stock worth $384,000 after buying an additional 118 shares during the last quarter. Finally, BB&T Corp raised its stake in Canadian Pacific Railway Limited by 54.9% in the second quarter. BB&T Corp now owns 2,379 shares of the transportation company’s stock worth $382,000 after buying an additional 843 shares during the last quarter. Institutional investors and hedge funds own 70.20% of the company’s stock.

Canadian Pacific Railway Limited Company Profile

Canadian Pacific Railway Limited, together with its subsidiaries, owns and operates a transcontinental freight railway in Canada and the United States. The Company operates through rail transportation segment. The Company’s transports bulk commodities, merchandise freight, and intermodal traffic over a network of approximately 12,400 miles.

Analyst Recommendations for Canadian Pacific Railway Limited (NYSE:CP)

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