According to The Fly, canadian Pacific Railway (TSX: CP), the Services company, has been an analyst favorite lately, with another positive rating update this time from Cowen & Co.. Analyst Jason Seidl rated Canadian Pacific Railway (TSX: CP) a Buy today.
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.
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Currently, the analyst consensus on Canadian Pacific Railway is a Strong Buy with an average price target of C$311.88, a 19.7% upside from current levels. In a report issued on October 5, TD Securities also upgraded the stock to Buy with a C$325 price target.
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Based on Canadian Pacific Railway’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of C$1.75 billion and net profit of C$436 million. In comparison, last year the company earned revenue of C$1.6 billion and had a net profit of C$510 million.
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$260.59.
