RBC Capital Keeps Their Buy Rating on Canadian Pacific Railway (CP)
On September 11, an analyst has provided a rating update for the Services sector company, Canadian Pacific Railway (TSX: CP). Analyst Walter Spracklin from RBC Capital reiterated a Buy rating, with a C$320 price target on September 11.
According to TipRanks.com, Spracklin is a top 100 analyst with an average return of 22.2% and a 80.0% success rate. Spracklin covers the Services sector, focusing on stocks such as Union Pacific Corp, Norfolk Southern, and CSX Corp.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Canadian Pacific Railway with a C$287.71 average price target, a 6.9% upside from current levels. In a report issued on September 5, BMO Capital also maintained a Buy rating on the stock with a C$295 price target.
Canadian Pacific Railway’s market cap is currently C$38.35B and has a P/E ratio of 17.1. 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 Thursday at C$269.09, close to its 52-week high of C$277.25.