Cowen & Co. analyst Jason Seidl maintained a Buy rating on Canadian Pacific (CP) today and set a price target of $257.00. The company’s shares closed last Monday at $219.49.
According to TipRanks.com, Seidl is a top 100 analyst with an average return of 14.8% and a 71.7% success rate. Seidl covers the Services sector, focusing on stocks such as Covenant Transportation Group, Expeditors International, and Echo Global Logistics.
Currently, the analyst consensus on Canadian Pacific is a Strong Buy with an average price target of $254.62, which is a 16.1% upside from current levels. In a report issued on October 11, Credit Suisse also maintained a Buy rating on the stock with a $249.00 price target.
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Based on Canadian Pacific’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $541 million. In comparison, last year the company had a net profit of $476 million.
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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.
