Canadian Pacific (CP) Receives a Hold from Stifel Nicolaus
In a report released yesterday, Michael Baudendistel from Stifel Nicolaus reiterated a Hold rating on Canadian Pacific (NYSE: CP), with a price target of $247. The company’s shares closed on Friday at $220.69, close to its 52-week high of $224.19.
According to TipRanks.com, Baudendistel is a 3-star analyst with an average return of 2.3% and a 56.2% success rate. Baudendistel covers the Industrial Goods sector, focusing on stocks such as Allison Transmission Holdings Inc, Wabash National Corp, and Freightcar America.
Canadian Pacific has an analyst consensus of Strong Buy, with a price target consensus of $235.56, which is a 6.7% upside from current levels. In a report issued on October 5, Stephens also reiterated a Hold rating on the stock with a $239 price target.
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The company has a one-year high of $224.19 and a one-year low of $164.01. Currently, Canadian Pacific has an average volume of 547.1K.
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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.