Canadian Pacific Railway Limited (NYSE:CP) (TSE:CP) was downgraded by Wolfe Research from an “outperform” rating to a “market perform” rating in a research report issued on Monday, The Fly reports.

CP has been the subject of a number of other reports. Stifel Nicolaus upped their price target on shares of Canadian Pacific Railway Limited from $167.00 to $184.00 and gave the company a “buy” rating in a report on Tuesday, July 11th. Citigroup Inc. reiterated a “buy” rating and set a $180.00 price target (up from $165.00) on shares of Canadian Pacific Railway Limited in a report on Sunday, May 14th. Argus reiterated a “buy” rating and set a $180.00 price target (up from $165.00) on shares of Canadian Pacific Railway Limited in a report on Tuesday, July 25th. BidaskClub upgraded shares of Canadian Pacific Railway Limited from a “hold” rating to a “buy” rating in a report on Saturday, July 1st. Finally, Zacks Investment Research upgraded shares of Canadian Pacific Railway Limited from a “hold” rating to a “buy” rating and set a $181.00 price target for the company in a report on Wednesday, July 12th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and twenty have given a buy rating to the company’s stock. Canadian Pacific Railway Limited has a consensus rating of “Buy” and a consensus price target of $187.37.

Shares of Canadian Pacific Railway Limited (NYSE CP) opened at 155.49 on Monday. Canadian Pacific Railway Limited has a 52-week low of $139.29 and a 52-week high of $167.52. The firm has a market capitalization of $22.71 billion, a PE ratio of 17.58 and a beta of 1.09. The stock’s 50 day moving average is $159.73 and its 200 day moving average is $153.60.

Canadian Pacific Railway Limited declared that its Board of Directors has initiated a share buyback program on Wednesday, May 10th that permits the company to repurchase 4,380,000 outstanding shares. This repurchase authorization permits the transportation company to buy shares of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s board of directors believes its stock is undervalued.

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A number of institutional investors have recently made changes to their positions in the company. Guggenheim Capital LLC boosted its position in shares of Canadian Pacific Railway Limited by 96.3% in the fourth quarter. Guggenheim Capital LLC now owns 6,520 shares of the transportation company’s stock worth $930,000 after buying an additional 3,198 shares during the last quarter. WCM Investment Management CA boosted its position in shares of Canadian Pacific Railway Limited by 5.1% in the first quarter. WCM Investment Management CA now owns 3,509,846 shares of the transportation company’s stock worth $515,667,000 after buying an additional 169,647 shares during the last quarter. Capstone Asset Management Co. boosted its position in shares of Canadian Pacific Railway Limited by 9.6% in the first quarter. Capstone Asset Management Co. now owns 16,875 shares of the transportation company’s stock worth $2,479,000 after buying an additional 1,473 shares during the last quarter. Beutel Goodman & Co Ltd. boosted its position in shares of Canadian Pacific Railway Limited by 4.4% in the first quarter. Beutel Goodman & Co Ltd. now owns 1,603,202 shares of the transportation company’s stock worth $235,105,000 after buying an additional 68,085 shares during the last quarter. Finally, Skylands Capital LLC boosted its position in shares of Canadian Pacific Railway Limited by 124.3% in the first quarter. Skylands Capital LLC now owns 24,000 shares of the transportation company’s stock worth $3,526,000 after buying an additional 13,300 shares during the last quarter. Institutional investors own 70.54% of the company’s stock.

About Canadian Pacific Railway Limited

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.

The Fly

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

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