Canadian Pacific Railway Limited (CP) Receives Price Target

Canadian Pacific Railway Limited (CP) : The most positive equity analysts on Canadian Pacific Railway Limited (CP) expects the shares to touch $216, whereas, the least positive believes that the stock will trade at $145 in the short term. The company is covered by 14 Wall Street Brokerage Firms. The average price target for shares are $165.57 with an expected fluctuation of $19.45 from the mean.

Canadian Pacific Railway Limited (CP) : 10 brokerage houses believe that Canadian Pacific Railway Limited (CP) is a Strong Buy at current levels. 2 Analyst considers the fundamentals to be worthy of a Buy recommendation. 6 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Canadian Pacific Railway Limited (CP). Zacks Investment Research suggests a Hold with a rank of 3.The median of all the 18 Wall Street Analysts endorse the stock as a Buy with a rating of 1.78.


Also, Atlantic Equities initiates coverage on Canadian Pacific Railway Limited (NYSE:CP). The current rating of the shares is Overweight, according to the research report released by the firm. The rating by the firm was issued on August 11, 2016.

Canadian Pacific Railway Limited (NYSE:CP): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $153.24 and $152.21 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $154.93. The buying momentum continued till the end and the stock did not give up its gains. It closed at $153.89, notching a gain of 0.51% for the day. The total traded volume was 635,482 . The stock had closed at $153.11 on the previous day.

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.

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