Canadian Pacific Railway Limited (TSE:CP) Rating Reaffirmed
RBC Capital Markets now has a $213.00 price target on shares of Canadian Pacific Railway Limited (TSE:CP). The price target implies a potential upside of 23.49% from the stock close price of Canadian Pacific Railway Limited (TSE:CP). This rating was announced to investors in a recent research report on Wednesday, 9 December.
From a total of 19 analysts covering Canadian Pacific Railway Limited (TSE:CP) stock, 12 rate it a ”Buy”, 0 a “Sell”, and 4 a ”Hold”. This means that 75% of the ratings are positive. The highest target price is $173.31 while the lowest target price is $126.25. The mean of all analyst targets is $159.72 with a 24.68% above today’s ($175.11) stock price. Canadian Pacific Railway Limited was the topic of 8 analyst reports since July 22, 2015 according to the firm StockzIntelligence Inc. National Bank Canada maintained shares on November 19 with “Outperform” rating.
Approximately 394,487 shares of stock traded hands or 11.35% up from the average. Canadian Pacific Railway Limited (TSE:CP) has declined 23.88% since May 6, 2015 and is downtrending. It has underperformed by 23.08% the S&P500.
Canadian Pacific Railway Limited operates a transcontinental railway in Canada and the United States (U.S.) and provides logistics and supply chain expertise. The company has a market cap of $26.77 billion. CP provides rail and intermodal transportation services over a network of approximately 13,700 miles, serving the principal business centers of Canada from Montreal, Quebec, to Vancouver, British Columbia (B.C.), and the United States Northeast and Midwest regions. It has 19.55 P/E ratio. The Firm transports bulk commodities, merchandise freight and intermodal traffic.
According to Zacks Investment Research, “Canadian Pacific Railway is North America’s first transcontinental railway and is the only transcontinental carrier with direct service to the U.S. Eastern Seaboard.” Get a free copy of the Zacks research report on Canadian Pacific Railway Limited (CP).