Canadian Pacific Railway Limited (CP) Earns “Buy” Rating from Loop Capital

Canadian Pacific Railway Limited (NYSE:CP) (TSE:CP)‘s stock had its “buy” rating restated by equities research analysts at Loop Capital in a research report issued on Saturday.

Several other research analysts also recently issued reports on the company. Wells Fargo & Co started coverage on Canadian Pacific Railway Limited in a research note on Monday, March 13th. They issued an “outperform” rating for the company. Stifel Nicolaus raised Canadian Pacific Railway Limited from a “hold” rating to a “buy” rating and upped their price objective for the company from $155.00 to $166.00 in a research note on Thursday, December 15th. CLSA raised Canadian Pacific Railway Limited from an “underperform” rating to an “outperform” rating in a research note on Tuesday, January 10th. Cowen and Company upped their price objective on Canadian Pacific Railway Limited from $164.00 to $173.00 and gave the company an “outperform” rating in a research note on Thursday, January 19th. Finally, Zacks Investment Research raised Canadian Pacific Railway Limited from a “sell” rating to a “hold” rating in a research note on Tuesday, March 14th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and eighteen have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $182.26.

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

Shares of Canadian Pacific Railway Limited (NYSE:CP) traded down 0.51% during midday trading on Friday, hitting $152.99. 933,724 shares of the company were exchanged. Canadian Pacific Railway Limited has a one year low of $119.50 and a one year high of $157.34. The stock has a market cap of $22.39 billion, a PE ratio of 19.31 and a beta of 1.08. The stock’s 50-day moving average is $148.65 and its 200-day moving average is $148.34.

The company also recently announced a quarterly dividend, which will be paid on Monday, April 24th. Investors of record on Friday, March 31st will be issued a $0.3803 dividend. This is a boost from Canadian Pacific Railway Limited’s previous quarterly dividend of $0.38. This represents a $1.52 dividend on an annualized basis and a dividend yield of 0.99%. The ex-dividend date is Wednesday, March 29th. Canadian Pacific Railway Limited’s dividend payout ratio (DPR) is currently 18.67%.

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In related news, VP Mark Kenneth Wallace sold 8,080 shares of the stock in a transaction on Monday, January 23rd. The stock was sold at an average price of $150.18, for a total value of $1,213,454.40. Following the transaction, the vice president now directly owns 4,500 shares in the company, valued at approximately $675,810. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Over the last quarter, insiders sold 12,567 shares of company stock worth $1,898,600. 0.13% of the stock is owned by company insiders.

A number of large investors have recently added to or reduced their stakes in CP. Keybank National Association OH raised its stake in Canadian Pacific Railway Limited by 1.0% in the fourth quarter. Keybank National Association OH now owns 2,923 shares of the transportation company’s stock worth $417,000 after buying an additional 30 shares during the last quarter. Sawtooth Solutions LLC raised its stake in Canadian Pacific Railway Limited by 2.8% in the third quarter. Sawtooth Solutions LLC now owns 3,083 shares of the transportation company’s stock worth $471,000 after buying an additional 85 shares during the last quarter. Geneva Advisors LLC raised its stake in Canadian Pacific Railway Limited by 2.6% in the third quarter. Geneva Advisors LLC now owns 5,860 shares of the transportation company’s stock worth $895,000 after buying an additional 150 shares during the last quarter. WMS Partners LLC raised its stake in Canadian Pacific Railway Limited by 0.4% in the third quarter. WMS Partners LLC now owns 56,807 shares of the transportation company’s stock worth $8,674,000 after buying an additional 200 shares during the last quarter. Finally, Park National Corp OH raised its stake in Canadian Pacific Railway Limited by 15.1% in the first quarter. Park National Corp OH now owns 1,834 shares of the transportation company’s stock worth $269,000 after buying an additional 241 shares during the last quarter. 69.01% of the stock is owned by institutional investors and hedge funds.

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.

5 Day Chart for NYSE:CP

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