Economia

Canadian Pacific Railway Limited

Canadian Pacific Railway Limited

BidaskClub cut shares of Canadian Pacific Railway Limited (NYSE:CP) (TSE:CP) from a sell rating to a strong sell rating in a research note released on Wednesday. Thornburg Investment Management Inc. now owns 1,295,958 shares of the transportation company's stock valued at $190,402,000 after buying an additional 456,122 shares in the last quarter. Finally, Barclays PLC reiterated an equal weight rating and issued a $81.00 target price (up previously from $69.00) on shares of Canadian National Railway in a research report on Wednesday, May 17th.

A number of other hedge funds and other institutional investors also recently modified their holdings of CP. Parallel Advisors LLC increased its position in Canadian Pacific Railway Limited by 37.0% in the first quarter. Wetherby Asset Management Inc. now owns 2,142 shares of the transportation company's stock valued at $315,000 after buying an additional 47 shares in the last quarter. Edmond DE Rothschild Holding S.A. boosted its position in Canadian Pacific Railway Limited by 3.2% in the first quarter. The fund owned 24,140 shares of the transportation company's stock after selling 45 shares during the period. Canadian Pacific Railway Limited comprises approximately 2.4% of CIBC Asset Management Inc's portfolio, making the stock its 12th largest position. Captrust Financial Advisors bought a new position in shares of Canadian Pacific Railway Limited during the second quarter valued at $130,000. Northwestern Mutual Wealth Management Co. raised its position in shares of Canadian Pacific Railway Limited by 23.6% in the second quarter.

Canadian Pacific Railway Limited (CP) traded up 0.61% during midday trading on Friday, reaching $154.00. Canadian Pacific Railway Limited has a 52-week low of $186.21 and a 52-week high of $218.78. The company's 50 day moving average price is $159.58 and its 200-day moving average price is $153.83. The firm has a market capitalization of $22.50 billion, a P/E ratio of 17.34 and a beta of 1.09.

The business also recently declared a quarterly dividend, which will be paid on Monday, October 30th. Investors of record on Friday, September 8th will be given a dividend of $0.4125 per share. The ex-dividend date is Thurs, Sep 7th. this indicates a $1.31 dividend on a yearly basis and a payout of of 1.65%.

In other Canadian National Railway news, insider Sean Finn sold 12,885 shares of the business's stock in a transaction on Friday, June 2nd. This represents a $1.31 dividend on an annualized basis and a yield of 1.65%. On average, equities research analysts expect that Canadian National Railway will post $5.13 earnings per share for the current fiscal year.

Canadian Pacific Railway Limited announced that its board has initiated a stock buyback plan on Wednesday, May 10th that permits the company to buyback 4,380,000 outstanding shares. This buyback authorization authorizes the transportation company to reacquire shares of its stock through open market purchases. Shares buyback plans are usually a sign that the company's management believes its shares are undervalued. If you are viewing this article on another website, it was stolen and reposted in violation of United States and global trademark and copyright laws. The legal version of this article can be accessed at https://rinconhillneighbors.org/2017/08/13/canadian-pacific-railway-limited-nysecp-stake-increased-by-cibc-asset-management-inc-updated.html.

Several research firms recently weighed in on CNI. Stifel Nicolaus lifted the price objective on Canadian National Railway from $73.00 to $74.00 and issued the company a "hold" recommendation in a study on Tue, Apr 25th.

Canadian Pacific Railway Limited, together with its subsidiaries, owns and operates a transcontinental freight railway in Canada and the United States. Cowen and Company reissued a "buy" rating and set a $172.00 target price on shares of Canadian Pacific Railway Limited in a research note on Friday, July 28th. Credit Suisse Group reissued a "neutral" rating and issued a $84.00 price objective (up previously from $78.00) on shares of Canadian National Railway in a report on Thursday, July 13th. They noted that the move was a valuation call. TD Securities dropped their price objective on Canadian National Railway to C$105.00 and set a "hold" rating on the stock in a report on Tuesday, April 25th. 1 expert has recommended the share with a sell recommendation, fourteen has issued a hold recommendation and around seven have published a buy recommendation to the share. the share has a consensus rating of "Hold" and an average price objective of $80.56.

ILLEGAL ACTIVITY WARNING: "Canadian National Railway Company (TSE:CNR) Given Consensus Recommendation of "Buy" by Analysts" was originally posted by BNB Daily and is owned by of BNB Daily.