Analyst Rating Update on Canadian Pacific Railway Limited (CP)

Canadian Pacific Railway Limited (NYSE:CP) : Zacks Investment Research ranks Canadian Pacific Railway Limited (NYSE:CP) as 3, which is a Hold recommendation. 11 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 3 other analysts are mildly bullish on the stock and favor a Buy. A total of 4 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 18 research analysts is 1.61, which indicates as a Buy.

Canadian Pacific Railway Limited (NYSE:CP) : Average target price received by Canadian Pacific Railway Limited (NYSE:CP) is $160.2 with an expected standard deviation of $20.82. The most aggressive target on the stock is $203, whereas the most downbeat target is $129. 15 financial analysts are currently covering the stock.

For the current week, the company shares have a recommendation consensus of Buy. Also, Equity Analysts at the Raymond James upgrades the rating on Canadian Pacific Railway Limited (NYSE:CP). The brokerage firm has issued a Strong Buy rating on the shares. The shares were previously rated Outperform. The rating by the firm was issued on June 22, 2016.

Canadian Pacific Railway Limited (NYSE:CP): stock turned positive on Tuesday. Though the stock opened at $121.87, the bulls momentum made the stock top out at $124.19 level for the day. The stock recorded a low of $121.695 and closed the trading day at $123.51, in the green by 2.07%. The total traded volume for the day was 902,184. The stock had closed at $121.01 in the previous days trading.

In an insider trading activity, Edwards Peter John, officer (VP HR & Labour Relations) of Canadian Pacific Railway Ltd/Cn, had purchased 001 shares on April 25, 2016. The total value of the transaction was $147. The information was disclosed with the SEC in a Form 4 Filing. The information is based on open market trades at the market prices.Option exercises are not covered.

Canadian Pacific Railway Limited (CP) operates a transcontinental railway in Canada and the United States (U.S.) and provides logistics and supply chain expertise. 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. The Company transports bulk commodities, merchandise freight and intermodal traffic. Bulk commodities include Canadian grain, U.S. grain, coal, potash, and fertilizers and sulphur. Merchandise freight consists of finished vehicles and automotive parts, chemicals and plastics, crude oil, forest products, and metals, minerals, and consumer products. Intermodal traffic consists of retail goods in overseas containers that can be transported by train, ship and truck and in domestic containers and trailers that can be moved by train and truck.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.