Canadian Pacific Railway Limited (NYSE:CP) (TSE:CP) has earned an average rating of “Buy” from the twenty brokerages that are presently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, four have given a hold rating and fifteen have given a buy rating to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $195.00.

Several equities analysts have recently weighed in on CP shares. BidaskClub upgraded shares of Canadian Pacific Railway from a “sell” rating to a “hold” rating in a research note on Wednesday, August 16th. Stifel Nicolaus restated a “buy” rating and set a $184.00 target price on shares of Canadian Pacific Railway in a research note on Wednesday, August 16th. Loop Capital upgraded shares of Canadian Pacific Railway from a “hold” rating to a “buy” rating in a research note on Thursday, August 24th. They noted that the move was a valuation call. Zacks Investment Research cut shares of Canadian Pacific Railway from a “buy” rating to a “hold” rating in a research note on Monday, September 11th. Finally, National Bank Financial cut shares of Canadian Pacific Railway from an “outperform” rating to a “sector perform” rating and decreased their target price for the stock from $219.00 to $207.00 in a research note on Wednesday, September 13th.

A number of hedge funds and other institutional investors have recently bought and sold shares of CP. Dimensional Fund Advisors LP boosted its stake in Canadian Pacific Railway by 16.0% during the first quarter. Dimensional Fund Advisors LP now owns 27,150 shares of the transportation company’s stock worth $3,989,000 after buying an additional 3,736 shares during the period. Janney Montgomery Scott LLC boosted its stake in Canadian Pacific Railway by 9.0% during the second quarter. Janney Montgomery Scott LLC now owns 9,645 shares of the transportation company’s stock worth $1,551,000 after buying an additional 797 shares during the period. Bessemer Group Inc. boosted its stake in Canadian Pacific Railway by 8.7% during the second quarter. Bessemer Group Inc. now owns 7,912 shares of the transportation company’s stock worth $1,273,000 after buying an additional 630 shares during the period. Korea Investment CORP boosted its stake in Canadian Pacific Railway by 178.2% during the second quarter. Korea Investment CORP now owns 39,709 shares of the transportation company’s stock worth $6,380,000 after buying an additional 25,435 shares during the period. Finally, IFP Advisors Inc boosted its stake in Canadian Pacific Railway by 33.9% during the second quarter. IFP Advisors Inc now owns 1,710 shares of the transportation company’s stock worth $275,000 after buying an additional 433 shares during the period. 67.56% of the stock is owned by institutional investors.

Shares of Canadian Pacific Railway (CP) traded up $3.28 during trading hours on Thursday, hitting $180.21. 850,104 shares of the stock traded hands, compared to its average volume of 523,743. Canadian Pacific Railway has a 52-week low of $141.32 and a 52-week high of $180.44. The company has a quick ratio of 0.44, a current ratio of 0.53 and a debt-to-equity ratio of 1.33. The company has a market cap of $26,124.50, a PE ratio of 21.08, a PEG ratio of 1.71 and a beta of 1.20.

The firm also recently announced a quarterly dividend, which will be paid on Monday, January 29th. Investors of record on Friday, December 29th will be issued a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a dividend yield of 0.98%. The ex-dividend date of this dividend is Thursday, December 28th. Canadian Pacific Railway’s dividend payout ratio (DPR) is presently 18.62%.

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Canadian Pacific Railway 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 (NYSE:CP)

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