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Canadian Pacific (NYSE:CP) has been upgraded from Neutral to Overweight in a report by JPMorgan today.

Only yesterday Canadian Pacific (NYSE:CP) traded 1.48% higher at $167.40. Canadian Pacific’s 50-day moving average is $161.50 and its two hundred day average is $157.23. With the last close up 8.04% relative to the 200-day moving average, compared to the S&P 500 which has increased 0.03% over the date range. Volume of trade was down over the average, with 188,197 shares of CP changing hands under the typical 553,711

JPMorgan has upgraded Canadian Pacific (NYSE:CP) from Neutral to Overweight in a report released on 10/12/2017.

See Chart Below

Canadian Pacific (NYSE:CP)

Canadian Pacific has a price-earnings ratio of 18.53 with a one year low of $139.29 and a one year high of $170.34 CP’s total market value is presently $0.

A total of 22 equity analysts have released a ratings update on CP. Seven equity analysts rating the company a strong buy, ten equity analysts rating the company a buy, seven equity analysts rating the company a hold, zero equity analysts rating the company a underperform, and finally zero equity analysts rating the company a sell with a one year target of $147.41.

Brief Synopsis About Canadian Pacific (NYSE:CP)

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. Its railway feeds directly into the United States heartland from the east and west coasts. Its Bulk commodities include grain, coal, potash, fertilizers and sulfur. Its Merchandise freight consists of finished vehicles and machinery, as well as forest and industrial and consumer products. Its Intermodal traffic consists of retail goods in overseas containers that can be transported by train, ship and truck and in domestic containers and trailers that can be moved by train and truck. Its subsidiaries include Canadian Pacific Railway Company, Soo Line Railroad Company, Delaware and Hudson Railway Company, Inc. and Mount Stephen Properties Inc.

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