Today, an analyst has provided a rating update for the Services sector company, Canadian Pacific Railway (CP). Analyst Ravi Shanker from Morgan Stanley rated Canadian Pacific Railway (CP) a Buy, setting a C$272 price target.
According to TipRanks.com, Shanker is a 3-star analyst with an average return of 2.1% and a 56.6% success rate. Shanker covers the Services sector, focusing on stocks such as Expeditors International, Echo Global Logistics, and Kansas City Southern.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Canadian Pacific Railway with a C$303.67 average price target, implying a 9.9% upside from current levels. In a report issued on April 1, J.P. Morgan also maintained a Buy rating on the stock with a C$335 price target.
.
Based on Canadian Pacific Railway’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of C$2.01 billion and net profit of C$545 million. In comparison, last year the company earned revenue of C$1.66 billion and had a net profit of C$348 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$276.22.
