Analyst Rating Update on Canadian Pacific Railway Limited (CP)

Canadian Pacific Railway Limited (CP) : 18 analysts are covering Canadian Pacific Railway Limited (CP) and their average rating on the stock is 1.78, which is read as a Buy. 10 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. Canadian Pacific Railway Limited (CP) also receives 2 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. A total of 6 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

Canadian Pacific Railway Limited (CP) has been rated by 14 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $216 and the lowest price target forecast is $145. The average forecast of all the analysts is $165.57 and the expected standard deviation is $19.45.

For the current week, the company shares have a recommendation consensus of Buy.


Canadian Pacific Railway Limited (NYSE:CP): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $146.47 and $146.19 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $147.78. The buying momentum continued till the end and the stock did not give up its gains. It closed at $147.28, notching a gain of 0.42% for the day. The total traded volume was 783,501 . The stock had closed at $146.66 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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