In a latest note to investors, a research analyst has provided a rating update for the Services sector company, Canadian Pacific Railway (CP). Analyst Fadi Chamoun from BMO Capital rated Canadian Pacific Railway (CP) a Buy yesterday, setting a C$290 price target.
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.
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Canadian Pacific Railway has an analyst consensus of Strong Buy, with a price target consensus of C$317.75, implying a 29.6% upside from current levels. In a report issued on December 3, Deutsche Bank also maintained a Buy rating on the stock.
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Canadian Pacific Railway’s market cap is currently C$34.97B and has a P/E ratio of 14.8. The company has a Price to Book ratio of 4.91.
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 Friday at C$245.21.
