Cowen and Company Boosts Canadian Pacific Railway Limited (NYSE:CP) Price Target to $184.00

Canadian Pacific Railway Limited (NYSE:CP) (TSE:CP) had its target price increased by Cowen and Company from $182.00 to $184.00 in a research note released on Wednesday, October 18th, Marketbeat reports. Cowen and Company currently has an outperform rating on the transportation company’s stock.

CP has been the topic of a number of other research reports. J P Morgan Chase & Co upgraded shares of Canadian Pacific Railway Limited from a neutral rating to an overweight rating in a research note on Thursday, October 12th. Stifel Nicolaus reiterated a buy rating and set a $184.00 price objective on shares of Canadian Pacific Railway Limited in a research note on Wednesday, August 16th. Argus reiterated a buy rating and set a $180.00 price objective (up previously from $165.00) on shares of Canadian Pacific Railway Limited in a research note on Tuesday, July 25th. Zacks Investment Research lowered shares of Canadian Pacific Railway Limited from a buy rating to a hold rating in a research note on Monday, September 11th. Finally, BidaskClub upgraded shares of Canadian Pacific Railway Limited from a hold rating to a buy rating in a research note on Saturday, July 1st. One analyst has rated the stock with a sell rating, three have given a hold rating and fourteen have given a buy rating to the company. The company has an average rating of Buy and a consensus target price of $190.86.

Shares of Canadian Pacific Railway Limited (NYSE CP) traded up 0.02% during midday trading on Wednesday, reaching $174.37. The company’s stock had a trading volume of 432,683 shares. The company has a market capitalization of $25.37 billion, a P/E ratio of 17.22 and a beta of 1.11. The stock’s 50-day moving average is $167.52 and its 200-day moving average is $159.30. Canadian Pacific Railway Limited has a one year low of $139.29 and a one year high of $179.17.

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Hedge funds have recently added to or reduced their stakes in the business. Swiss National Bank increased its stake in shares of Canadian Pacific Railway Limited by 0.4% during the 2nd quarter. Swiss National Bank now owns 565,300 shares of the transportation company’s stock worth $90,969,000 after purchasing an additional 2,500 shares during the last quarter. CIBC World Markets Inc. increased its stake in shares of Canadian Pacific Railway Limited by 0.7% during the 2nd quarter. CIBC World Markets Inc. now owns 1,854,390 shares of the transportation company’s stock worth $298,204,000 after purchasing an additional 13,562 shares during the last quarter. Boston Common Asset Management LLC increased its stake in shares of Canadian Pacific Railway Limited by 1.1% during the 1st quarter. Boston Common Asset Management LLC now owns 23,789 shares of the transportation company’s stock worth $3,495,000 after purchasing an additional 260 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its stake in shares of Canadian Pacific Railway Limited by 62,170.8% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 934,062 shares of the transportation company’s stock worth $150,200,000 after purchasing an additional 932,562 shares during the last quarter. Finally, AQR Capital Management LLC increased its stake in shares of Canadian Pacific Railway Limited by 14.9% during the 1st quarter. AQR Capital Management LLC now owns 29,237 shares of the transportation company’s stock worth $4,283,000 after purchasing an additional 3,790 shares during the last quarter. Institutional investors own 65.99% 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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