Canadian Pacific Railway (CP), the Utilities sector company, was revisited by a Wall Street analyst today. Analyst Cameron Doerksen from National Bank rated Canadian Pacific Railway (CP) a Hold, setting a C$335 price target.
Doerksen has an average return of 19.9% when recommending Canadian Pacific Railway.
According to TipRanks.com, Doerksen is ranked #1931 out of 5246 analysts.
Currently, the analyst consensus on Canadian Pacific Railway is a Moderate Buy with an average price target of C$327.89, which is a 3.3% upside from current levels. In a report issued on July 10, Loop Capital Markets also downgraded the stock to Hold with a C$338 price target.
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Canadian Pacific Railway’s market cap is currently C$45.05B and has a P/E ratio of 22.5. The company has a Price to Book ratio of 6.61.
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 Wednesday at C$317.33, close to its 52-week high of C$323.71.
