According to The Fly, bMO Capital analyst Fadi Chamoun reiterated a Buy rating on Canadian Pacific (CP) yesterday. The company’s shares closed on Friday at $183.10.
According to TipRanks.com, Chamoun is a top 100 analyst with an average return of 15.8% and a 75.1% success rate. Chamoun covers the Services sector, focusing on stocks such as Kansas City Southern, WestJet Airlines Ltd, and Union Pacific Corp.
Currently, the analyst consensus on Canadian Pacific is a Strong Buy with an average price target of $241.40, a 31.8% upside from current levels. In a report issued on December 3, Deutsche Bank also maintained a Buy rating on the stock with a $248 price target.
.
See today’s analyst top recommended stocks >>
Based on Canadian Pacific’s latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of $476 million. In comparison, last year the company had a net profit of $407 million.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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.
