J P Morgan Chase & Co upgraded shares of Canadian Pacific Railway Limited (NYSE:CP) (TSE:CP) from a neutral rating to an overweight rating in a research note issued to investors on Thursday, Marketbeat.com reports.

Other equities research analysts also recently issued reports about the company. Argus reissued a buy rating and set a $180.00 target price (up from $165.00) on shares of Canadian Pacific Railway Limited in a research report on Tuesday, July 25th. BidaskClub downgraded Canadian Pacific Railway Limited from a hold rating to a sell rating in a report on Tuesday, August 1st. Zacks Investment Research raised Canadian Pacific Railway Limited from a hold rating to a buy rating and set a $181.00 price objective on the stock in a report on Wednesday, July 12th. Stifel Nicolaus reaffirmed a buy rating and set a $184.00 price objective on shares of Canadian Pacific Railway Limited in a report on Wednesday, August 16th. Finally, Wolfe Research downgraded Canadian Pacific Railway Limited from an outperform rating to a market perform rating in a report on Monday, August 7th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and nineteen have issued a buy rating to the company’s stock. The company currently has a consensus rating of Buy and an average price target of $188.35.

Canadian Pacific Railway Limited (NYSE CP) traded down 0.02% on Thursday, reaching $168.52. The company’s stock had a trading volume of 16,855 shares. The stock’s 50 day moving average is $162.75 and its 200-day moving average is $157.61. The firm has a market capitalization of $24.62 billion, a PE ratio of 18.38 and a beta of 1.11. Canadian Pacific Railway Limited has a 52 week low of $139.29 and a 52 week high of $170.60.

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The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 30th. Investors of record on Friday, September 29th will be given a $0.4411 dividend. This represents a $1.76 annualized dividend and a yield of 1.05%. The ex-dividend date of this dividend is Thursday, September 28th. This is a boost from Canadian Pacific Railway Limited’s previous quarterly dividend of $0.41. Canadian Pacific Railway Limited’s payout ratio is 21.43%.

Hedge funds have recently bought and sold shares of the stock. Captrust Financial Advisors bought a new position in Canadian Pacific Railway Limited in the 2nd quarter worth approximately $130,000. Northwestern Mutual Wealth Management Co. raised its position in Canadian Pacific Railway Limited by 23.6% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 876 shares of the transportation company’s stock worth $141,000 after purchasing an additional 167 shares during the last quarter. Parallel Advisors LLC raised its position in Canadian Pacific Railway Limited by 13.0% in the 2nd quarter. Parallel Advisors LLC now owns 983 shares of the transportation company’s stock worth $154,000 after purchasing an additional 113 shares during the last quarter. Shine Investment Advisory Services Inc. bought a new position in Canadian Pacific Railway Limited in the 2nd quarter worth approximately $163,000. Finally, Edmond DE Rothschild Holding S.A. raised its position in Canadian Pacific Railway Limited by 3.2% in the 1st quarter. Edmond DE Rothschild Holding S.A. now owns 1,135 shares of the transportation company’s stock worth $166,000 after purchasing an additional 35 shares during the last quarter. Hedge funds and other institutional investors own 65.93% 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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