Canadian Pacific Railway (TSX: CP), the Services sector company, was revisited by a Wall Street analyst today. Analyst Fadi Chamoun from BMO Capital rated Canadian Pacific Railway (TSX: CP) a Buy, setting a C$305 price target.
According to TipRanks.com, Chamoun is a top 100 analyst with an average return of 21.2% and a 86.3% success rate. Chamoun covers the Services sector, focusing on stocks such as WestJet Airlines Ltd, Union Pacific Corp, and Canadian Railway.
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Canadian Pacific Railway has an analyst consensus of Strong Buy, with a price target consensus of C$299.14, which is a 6.8% upside from current levels. In a report issued on September 25, Barclays also maintained a Buy rating on the stock with a C$305 price target.
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Canadian Pacific Railway’s market cap is currently C$39.91B and has a P/E ratio of 17.3. The company has a Price to Book ratio of 6.07.
Canadian Pacific Railway Ltd. engages in the provision of rail service. It offers rail and intermodal transportation services. It also transports bulk commodities, merchandise freight, and intermodal traffic. The company was founded in 1881 and is headquartered in Calgary, Canada.
The company’s shares closed on Thursday at C$280.08, close to its 52-week high of C$280.92.
