Stifel Nicolaus Reaffirms “Buy” Rating for Canadian Pacific Railway Limited (CP)

Stifel Nicolaus restated their buy rating on shares of Canadian Pacific Railway Limited (NYSE:CP) (TSE:CP) in a report released on Saturday. They currently have a $164.00 price target on the transportation company’s stock, down from their prior price target of $165.00.

Several other analysts have also recently commented on the stock. Wells Fargo & Co initiated coverage on shares of Canadian Pacific Railway Limited in a research note on Monday, March 13th. They issued an outperform rating for the company. Loop Capital reissued a buy rating on shares of Canadian Pacific Railway Limited in a research note on Saturday, March 25th. Zacks Investment Research cut shares of Canadian Pacific Railway Limited from a hold rating to a sell rating in a research note on Tuesday, March 21st. Credit Suisse Group AG reissued an outperform rating and set a $168.00 price objective (up from $162.00) on shares of Canadian Pacific Railway Limited in a research note on Monday, March 6th. Finally, CLSA raised shares of Canadian Pacific Railway Limited from an underperform rating to an outperform rating in a research note on Tuesday, January 10th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and eighteen have issued a buy rating to the company. The company presently has a consensus rating of Buy and a consensus price target of $181.97.

Canadian Pacific Railway Limited (NYSE:CP) traded down 0.51% during midday trading on Friday, reaching $152.99. The company’s stock had a trading volume of 933,724 shares. The company’s 50-day moving average is $148.65 and its 200 day moving average is $148.34. Canadian Pacific Railway Limited has a 52 week low of $119.50 and a 52 week high of $157.34. The firm has a market capitalization of $22.39 billion, a P/E ratio of 19.31 and a beta of 1.08.

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

In other Canadian Pacific Railway Limited news, VP Mark Kenneth Wallace sold 3,910 shares of the business’s stock in a transaction on Tuesday, January 24th. The shares were sold at an average price of $152.45, for a total value of $596,079.50. Following the transaction, the vice president now owns 1,330 shares in the company, valued at approximately $202,758.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders sold a total of 12,567 shares of company stock worth $1,898,600 in the last quarter. 0.13% of the stock is currently owned by company insiders.

Institutional investors have recently modified their holdings of the company. Baker Ellis Asset Management LLC purchased a new position in shares of Canadian Pacific Railway Limited during the third quarter worth approximately $104,000. Tyers Asset Management LLC bought a new stake in shares of Canadian Pacific Railway Limited during the fourth quarter worth about $204,000. Private Advisor Group LLC bought a new stake in shares of Canadian Pacific Railway Limited during the fourth quarter worth about $207,000. Schafer Cullen Capital Management Inc. bought a new stake in shares of Canadian Pacific Railway Limited during the third quarter worth about $209,000. Finally, BNP Paribas Arbitrage SA bought a new stake in shares of Canadian Pacific Railway Limited during the third quarter worth about $221,000. Hedge funds and other institutional investors own 69.01% of the company’s stock.

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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