A number of other equities research analysts also recently weighed in on CP. Atlantic Securities assumed coverage on shares of Canadian Pacific Railway in a research note on Thursday, August 11th. They issued an overweight rating on the stock. Argus raised their price target on shares of Canadian Pacific Railway from $155.00 to $165.00 and gave the company a buy rating in a research note on Monday, July 25th. RBC Capital Markets restated an outperform rating and issued a $216.00 price target (up from $203.00) on shares of Canadian Pacific Railway in a research note on Friday, July 22nd. Cowen and Company reduced their price target on shares of Canadian Pacific Railway from $168.00 to $166.00 and set an outperform rating on the stock in a research note on Wednesday, June 22nd. Finally, Royal Bank Of Canada reduced their price target on shares of Canadian Pacific Railway from $209.00 to $203.00 and set an outperform rating on the stock in a research note on Thursday, June 23rd. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and twenty have issued a buy rating to the company. The company currently has a consensus rating of Buy and an average target price of $177.89.
Shares of Canadian Pacific Railway (NYSE:CP) traded up 0.901% during midday trading on Monday, reaching $151.705. 128,278 shares of the company’s stock traded hands. The stock has a 50-day moving average price of $150.83 and a 200-day moving average price of $141.79. The stock has a market cap of $22.42 billion, a P/E ratio of 20.526 and a beta of 1.32. Canadian Pacific Railway has a 52-week low of $97.09 and a 52-week high of $157.34.
In other Canadian Pacific Railway news, Director Pershing Square Capital Manage sold 9,840,890 shares of Canadian Pacific Railway stock in a transaction on Wednesday, August 3rd. The shares were sold at an average price of $141.68, for a total transaction of $1,394,257,295.20. The transaction was disclosed in a filing with the SEC, which is available through this link. Company insiders own 0.13% of the company’s stock.
A number of institutional investors have recently bought and sold shares of CP. Advisory Services Network LLC purchased a new position in Canadian Pacific Railway during the second quarter worth about $105,000. Zions Bancorporation increased its position in shares of Canadian Pacific Railway by 83.0% in the first quarter. Zions Bancorporation now owns 1,054 shares of the company’s stock worth $142,000 after buying an additional 478 shares during the period. Fifth Third Bancorp increased its position in shares of Canadian Pacific Railway by 5.2% in the second quarter. Fifth Third Bancorp now owns 1,365 shares of the company’s stock worth $176,000 after buying an additional 68 shares during the period. Barnett & Company Inc. bought a new position in shares of Canadian Pacific Railway during the first quarter worth $186,000. Finally, Park National Corp OH increased its position in shares of Canadian Pacific Railway by 3.1% in the second quarter. Park National Corp OH now owns 1,664 shares of the company’s stock worth $214,000 after buying an additional 50 shares during the period. 68.20% of the stock is currently owned by hedge funds and other institutional investors.
About Canadian Pacific Railway
Canadian Pacific Railway Limited (CP), together with its subsidiaries, operates a transcontinental railway in Canada and the United States. The Company operates in rail transportation segment. The Company’s business mix includes bulk commodities, merchandise freight and intermodal traffic over a network of approximately 12,500 miles, serving the principal business centers of Canada from Montreal, Quebec, to Vancouver, British Columbia, and the United States Northeast and Midwest regions.
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