Canadian Pacific Railway Limited (CP) Given Average Rating of “Buy” by Analysts

Canadian Pacific Railway Limited (NYSE:CP) (TSE:CP) has earned an average recommendation of “Buy” from the nineteen brokerages that are presently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, three have assigned a hold rating and fifteen have issued a buy rating on the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $196.42.

Several research firms recently issued reports on CP. Argus upped their price objective on Canadian Pacific Railway Limited from $180.00 to $200.00 and gave the company a “buy” rating in a research report on Thursday, October 19th. Deutsche Bank AG began coverage on Canadian Pacific Railway Limited in a research report on Wednesday, November 1st. They issued a “buy” rating and a $209.00 price objective on the stock. J P Morgan Chase & Co raised Canadian Pacific Railway Limited from a “neutral” rating to an “overweight” rating in a research report on Thursday, October 12th. Cowen and Company upped their price objective on Canadian Pacific Railway Limited from $182.00 to $184.00 and gave the company an “outperform” rating in a research report on Wednesday, October 18th. Finally, BMO Capital Markets reissued a “buy” rating and set a $238.00 price target on shares of Canadian Pacific Railway Limited in a report on Wednesday, October 18th.

Several large investors have recently made changes to their positions in CP. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Canadian Pacific Railway Limited by 62,170.8% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 934,062 shares of the transportation company’s stock valued at $150,200,000 after acquiring an additional 932,562 shares during the last quarter. Janus Henderson Group PLC bought a new position in shares of Canadian Pacific Railway Limited in the 2nd quarter valued at about $108,548,000. CIBC Asset Management Inc lifted its holdings in shares of Canadian Pacific Railway Limited by 31.7% in the 2nd quarter. CIBC Asset Management Inc now owns 2,191,935 shares of the transportation company’s stock valued at $352,265,000 after acquiring an additional 527,453 shares during the last quarter. Mawer Investment Management Ltd. lifted its holdings in shares of Canadian Pacific Railway Limited by 23.8% in the 3rd quarter. Mawer Investment Management Ltd. now owns 1,213,962 shares of the transportation company’s stock valued at $204,020,000 after acquiring an additional 233,468 shares during the last quarter. Finally, WCM Investment Management CA lifted its holdings in shares of Canadian Pacific Railway Limited by 6.4% in the 2nd quarter. WCM Investment Management CA now owns 3,732,988 shares of the transportation company’s stock valued at $600,302,000 after acquiring an additional 223,142 shares during the last quarter. 66.45% of the stock is owned by hedge funds and other institutional investors.

TRADEMARK VIOLATION NOTICE: This report was posted by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are reading this report on another publication, it was illegally copied and reposted in violation of US and international trademark & copyright laws. The original version of this report can be viewed at https://www.dispatchtribunal.com/2017/11/12/canadian-pacific-railway-limited-cp-given-average-rating-of-buy-by-analysts.html.

Shares of Canadian Pacific Railway Limited (NYSE:CP) opened at $175.26 on Friday. The company has a debt-to-equity ratio of 1.33, a current ratio of 0.53 and a quick ratio of 0.44. The firm has a market capitalization of $25,406.91, a P/E ratio of 20.50, a P/E/G ratio of 1.66 and a beta of 1.20. Canadian Pacific Railway Limited has a 52 week low of $141.32 and a 52 week high of $179.17.

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)

Receive News & Ratings for Canadian Pacific Railway Limited Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Canadian Pacific Railway Limited and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply