Cowen & Co. analyst Jason Seidl maintained a Buy rating on Canadian Pacific (NYSE: CP) today and set a price target of $236. The company’s shares closed yesterday at $199.83.
According to TipRanks.com, Seidl is a top 100 analyst with an average return of 16.1% and a 70.7% success rate. Seidl covers the Services sector, focusing on stocks such as Covenant Transportation Group, Expeditors International, and Echo Global Logistics.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Canadian Pacific with a $245 average price target, a 22.6% upside from current levels. In a report issued on October 5, Deutsche Bank also maintained a Buy rating on the stock with a $245 price target.
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The company has a one-year high of $224.19 and a one-year low of $166.36. Currently, Canadian Pacific has an average volume of 588.8K.
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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.
