Wall Street analyst has provided a review for the Services company today, but retained the same rating on the stock. Canadian Pacific Railway (TSX: CP) received a Buy rating from Scotiabank’s analyst Turan Quettawala, with a C$263 price target.
According to TipRanks.com, Quettawala is a 2-star analyst with an average return of 1.0% and a 62.6% success rate. Quettawala covers the Services sector, focusing on stocks such as Union Pacific Corp, Norfolk Southern, and CSX Corp.
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Canadian Pacific Railway has an analyst consensus of Strong Buy, with a price target consensus of C$262.33, a 2.7% upside from current levels. In a report issued on July 9, Desjardins also reiterated a Buy rating on the stock with a C$259 price target.
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Canadian Pacific Railway’s market cap is currently C$35.76B and has a P/E ratio of 15.6. The company has a Price to Book ratio of 5.56.
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$255.56, close to its 52-week high of C$257.95.
