Canadian Pacific Railway (TSX: CP), the Services sector company, was revisited by a Wall Street analyst today. Analyst Walter Spracklin from RBC Capital reiterated a Buy rating, with a C$329 price target.
According to TipRanks.com, Spracklin is a top 100 analyst with an average return of 21.6% and a 78.7% success rate. Spracklin covers the Services sector, focusing on stocks such as Union Pacific Corp, Norfolk Southern, and CSX Corp.
Canadian Pacific Railway has an analyst consensus of Strong Buy, with a price target consensus of C$300.43, implying a 7.3% upside from current levels. In a report issued on September 25, Barclays also maintained a Buy rating on the stock with a C$305 price target.
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$280.08, close to its 52-week high of C$280.92.