Raymond James Keeps a Buy Rating on Canadian Pacific (CP)


Raymond James analyst Steve Hansen maintained a Buy rating on Canadian Pacific (CP) today and set a price target of C$445.00. The company’s shares closed last Wednesday at $315.27, close to its 52-week high of $327.40.

Hansen has an average return of 8.1% when recommending Canadian Pacific.

According to TipRanks.com, Hansen is ranked #5477 out of 7011 analysts.

Currently, the analyst consensus on Canadian Pacific is a Moderate Buy with an average price target of $334.29, a 5.5% upside from current levels. In a report issued on October 9, Cowen & Co. also maintained a Buy rating on the stock with a $330.00 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 revenue of $1.79 billion and net profit of $635 million. In comparison, last year the company earned revenue of $1.98 billion and had a net profit of $724 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.

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