Allianz Asset Management GmbH lessened its position in Canadian Pacific Railway Limited (NYSE:CP) (TSE:CP) by 2.8% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 101,046 shares of the transportation company’s stock after selling 2,904 shares during the period. Allianz Asset Management GmbH’s holdings in Canadian Pacific Railway were worth $21,366,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. Zions Bancorporation acquired a new stake in shares of Canadian Pacific Railway during the 2nd quarter valued at about $134,000. Cerebellum GP LLC acquired a new stake in shares of Canadian Pacific Railway during the 3rd quarter valued at about $192,000. Sawtooth Solutions LLC acquired a new stake in shares of Canadian Pacific Railway during the 2nd quarter valued at about $207,000. Burney Co. acquired a new stake in shares of Canadian Pacific Railway during the 2nd quarter valued at about $207,000. Finally, Usca Ria LLC acquired a new stake in shares of Canadian Pacific Railway during the 3rd quarter valued at about $207,000. Institutional investors own 67.31% of the company’s stock.

Several analysts have recently weighed in on CP shares. Citigroup reiterated a “buy” rating and set a $260.00 target price (up from $242.00) on shares of Canadian Pacific Railway in a research report on Friday, October 5th. National Bank Financial upgraded shares of Canadian Pacific Railway from a “sector perform” rating to an “outperform” rating in a research report on Thursday, October 18th. Stifel Nicolaus lifted their target price on shares of Canadian Pacific Railway from $207.00 to $247.00 and gave the company a “hold” rating in a research report on Sunday, October 7th. Barclays reiterated a “buy” rating and set a $235.00 target price on shares of Canadian Pacific Railway in a research report on Wednesday, September 26th. Finally, Royal Bank of Canada reiterated an “outperform” rating on shares of Canadian Pacific Railway in a research report on Friday, October 5th. Three analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $237.15.

NYSE:CP opened at $196.00 on Friday. The stock has a market capitalization of $28.49 billion, a price-to-earnings ratio of 22.32, a PEG ratio of 1.42 and a beta of 0.91. Canadian Pacific Railway Limited has a 12 month low of $166.36 and a 12 month high of $224.19. The company has a current ratio of 0.68, a quick ratio of 0.58 and a debt-to-equity ratio of 1.10.

Canadian Pacific Railway (NYSE:CP) (TSE:CP) last released its quarterly earnings results on Thursday, October 18th. The transportation company reported $4.12 EPS for the quarter, beating the Zacks’ consensus estimate of $3.16 by $0.96. The firm had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.89 billion. Canadian Pacific Railway had a net margin of 34.07% and a return on equity of 28.71%. The company’s revenue for the quarter was up 19.0% compared to the same quarter last year. During the same period in the previous year, the business earned $2.90 earnings per share. Research analysts predict that Canadian Pacific Railway Limited will post 10.82 earnings per share for the current fiscal year.

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About Canadian Pacific Railway

Canadian Pacific Railway Limited, together with its subsidiaries, owns and operates a transcontinental freight railway in Canada and the United States. The company transports bulk commodities, including grain, coal, potash, fertilizers, and sulphur; and merchandise freight, such as finished vehicles and machineries, automotive parts, chemicals and plastics, petroleum and crude products, and metals and minerals, as well as forest, industrial, and consumer products.

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Institutional Ownership by Quarter for Canadian Pacific Railway (NYSE:CP)

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