A Wall Street analyst has provided a review for the Services company today, but retained the same rating on the stock. Canadian Pacific Railway (CP) received a Buy rating from J.P. Morgan’s analyst Brian Ossenbeck, with a C$335 price target.
According to TipRanks.com, Ossenbeck is a 5-star analyst with an average return of 23.2% and a 72.7% success rate. Ossenbeck covers the Services sector, focusing on stocks such as Canadian Pacific, Norfolk Southern, and XPO Logistics.
Canadian Pacific Railway has an analyst consensus of Strong Buy, with a price target consensus of C$304.08, which is a 9.6% upside from current levels. In a report issued on March 18, Deutsche Bank also reiterated a Buy rating on the stock with a C$230 price target.
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Canadian Pacific Railway’s market cap is currently C$38.69B and has a P/E ratio of 20.2. The company has a Price to Book ratio of 5.83.
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 Monday at C$277.30.
