Canadian Pacific Railway Limited (CP) Receives Analyst Rating

Canadian Pacific Railway Limited (CP) : The consensus on Canadian Pacific Railway Limited (CP) based on 18 analyst recommendation on the company stock is 1.78, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 10 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 2 analyst believes that the stock is a Buy, which can produce decent returns in the future. 6 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.

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 $167.21 with an expected fluctuation of $18.91 from the mean.


Also, Atlantic Equities initiates coverage on Canadian Pacific Railway Limited (NYSE:CP) . Analysts at the Atlantic Equities have a current rating of Overweight on the shares. The rating by the firm was issued on August 11, 2016.

Canadian Pacific Railway Limited (NYSE:CP): After opening at $146.64, the stock dipped to an intraday low of $145.95 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $148.56 and the buying power remained strong till the end. The stock closed at $148.24 for the day, a gain of 0.82% for the day session. The total traded volume was 766,369. The stocks close on the previous trading day was $147.03.

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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