Canadian Pacific Railway Limited (NYSE:CP) (TSE:CP) had its price objective boosted by equities researchers at Argus from $180.00 to $200.00 in a research report issued on Thursday. The firm presently has a “buy” rating on the transportation company’s stock. Argus’ target price indicates a potential upside of 12.61% from the stock’s current price.

CP has been the subject of several other reports. J P Morgan Chase & Co raised shares of Canadian Pacific Railway Limited from a “neutral” rating to an “overweight” rating in a report on Thursday, October 12th. Morgan Stanley cut their price target on shares of Canadian Pacific Railway Limited from $215.00 to $214.00 and set an “overweight” rating for the company in a report on Tuesday, July 25th. Zacks Investment Research downgraded shares of Canadian Pacific Railway Limited from a “buy” rating to a “hold” rating in a report on Monday, September 11th. Stifel Nicolaus reissued a “buy” rating and set a $184.00 price target on shares of Canadian Pacific Railway Limited in a report on Thursday, September 21st. Finally, Cowen and Company reissued a “buy” rating and set a $172.00 price target on shares of Canadian Pacific Railway Limited in a report on Friday, July 28th. One research analyst has rated the stock with a sell rating, five have given a hold rating and eighteen have assigned a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $191.40.

Canadian Pacific Railway Limited (CP) opened at 177.61 on Thursday. The company has a market cap of $25.95 billion, a PE ratio of 19.37 and a beta of 1.11. Canadian Pacific Railway Limited has a 52-week low of $139.29 and a 52-week high of $179.17. The firm has a 50-day moving average of $165.27 and a 200 day moving average of $158.40.

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A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Artisan Partners Limited Partnership grew its holdings in Canadian Pacific Railway Limited by 2.1% during the second quarter. Artisan Partners Limited Partnership now owns 6,018,329 shares of the transportation company’s stock valued at $967,807,000 after purchasing an additional 125,306 shares during the period. Causeway Capital Management LLC acquired a new position in Canadian Pacific Railway Limited during the first quarter valued at approximately $662,274,000. WCM Investment Management CA grew its holdings in Canadian Pacific Railway Limited by 6.4% during the second quarter. WCM Investment Management CA now owns 3,732,988 shares of the transportation company’s stock valued at $600,302,000 after purchasing an additional 223,142 shares during the period. TD Asset Management Inc. grew its holdings in Canadian Pacific Railway Limited by 6.0% during the second quarter. TD Asset Management Inc. now owns 3,719,943 shares of the transportation company’s stock valued at $597,654,000 after purchasing an additional 212,179 shares during the period. Finally, Vanguard Group Inc. grew its holdings in Canadian Pacific Railway Limited by 4.7% during the second quarter. Vanguard Group Inc. now owns 3,225,817 shares of the transportation company’s stock valued at $518,743,000 after purchasing an additional 145,603 shares during the period. Hedge funds and other institutional investors own 65.93% 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.

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

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