Canadian Pacific Railway LTD (CP) Stock Price Declined While Pcj Investment Counsel LTD Increased Its Holding

July 16, 2018 - By Lisa Delgado

Canadian Pacific Railway Limited (NYSE:CP) Logo

Pcj Investment Counsel Ltd increased its stake in Canadian Pacific Railway Ltd. (CP) by 27.4% based on its latest 2018Q1 regulatory filing with the SEC. Pcj Investment Counsel Ltd bought 113,360 shares as the company’s stock declined 1.00% with the market. The institutional investor held 527,141 shares of the railroads company at the end of 2018Q1, valued at $92.90 million, up from 413,781 at the end of the previous reported quarter. Pcj Investment Counsel Ltd who had been investing in Canadian Pacific Railway Ltd. for a number of months, seems to be bullish on the $26.93B market cap company. The stock decreased 0.81% or $1.52 during the last trading session, reaching $185.97. About 462,757 shares traded. Canadian Pacific Railway Limited (NYSE:CP) has risen 16.90% since July 16, 2017 and is uptrending. It has outperformed by 4.33% the S&P500.

Pcj Investment Counsel Ltd, which manages about $1.44 billion US Long portfolio, decreased its stake in Manulife Financial Corp. (NYSE:MFC) by 705,610 shares to 2.57M shares, valued at $47.64M in 2018Q1, according to the filing. It also reduced its holding in Teck Resources Ltd. (NYSE:TCK) by 282,990 shares in the quarter, leaving it with 850,772 shares, and cut its stake in Bank Of Montreal (NYSE:BMO).

Another recent and important Canadian Pacific Railway Limited (NYSE:CP) news was published by Fool.ca which published an article titled: “3 Stocks to Watch This Week” on July 15, 2018.

Canadian Pacific Railway Limited (NYSE:CP) Ratings Coverage

Among 7 analysts covering Canadian Pacific Railway (NYSE:CP), 5 have Buy rating, 0 Sell and 2 Hold. Therefore 71% are positive. Canadian Pacific Railway had 8 analyst reports since February 13, 2018 according to SRatingsIntel. The rating was maintained by Susquehanna on Monday, April 2 with “Hold”. The stock of Canadian Pacific Railway Limited (NYSE:CP) has “Outperform” rating given on Thursday, April 19 by Credit Suisse. The company was maintained on Wednesday, February 28 by Cowen & Co. Seaport Global maintained it with “Buy” rating and $20500 target in Friday, June 22 report. Stifel Nicolaus maintained Canadian Pacific Railway Limited (NYSE:CP) on Thursday, May 24 with “Hold” rating. Morgan Stanley maintained Canadian Pacific Railway Limited (NYSE:CP) on Friday, April 6 with “Overweight” rating. The stock of Canadian Pacific Railway Limited (NYSE:CP) earned “Buy” rating by Credit Suisse on Thursday, March 8. The rating was upgraded by Goldman Sachs to “Buy” on Tuesday, February 13.

Canadian Pacific Railway Limited (NYSE:CP) Ratings Chart

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