In a new note to investors yesterday, an analyst has provided a rating update for the Services sector company, Canadian Pacific Railway (TSX: CP). Analyst Cherilyn Radbourne from TD Securities rated Canadian Pacific Railway (TSX: CP) a Hold, setting a C$290 price target.
According to TipRanks.com, Radbourne is a 4-star analyst with an average return of 11.1% and a 69.1% success rate. Radbourne covers the Services sector, focusing on stocks such as Norfolk Southern, Ritchie Bros, and CSX Corp.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Canadian Pacific Railway with a C$290.57 average price target.
Canadian Pacific Railway’s market cap is currently C$38.18B and has a P/E ratio of 17. The company has a Price to Book ratio of 5.81.
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$267.90, close to its 52-week high of C$277.25.
