Analyst Target Change
Canadian Pacific Railway just had a research report issued today at Scotia Capital (RANK#16), altering the 12 month target forecast to $116 from $110 per share. Scotia Capital also upgraded the stock from a “Sector Perform” to a “Outperform” rating on the railway company.
STA Research (RANK#136) just maintained their “Hold” ratiing on the stock, with a 12 month target price of CAD 90.
Canadian Pacific Forecast & Analysis
The stock analysis for Canadian Pacific Railway Ltd shows that the average analyst target price for the company’s stock is CAD 105.29 over the next 12 months, with an average analyst rating of Buy. Stock Target Advisor’s own analysis of the stock is Bullish, based on 7 positive signals and 3 negative signals. As of the last closing, Canadian Pacific Railway Ltd’s stock price was CAD 99.80. The stock price has decreased by -3.80% over the past week and -6.16% over the past month, but has increased by +1.62% over the last year. Overall, the stock analysis suggests that Canadian Pacific Railway Ltd’s stock has a positive outlook, with a buy rating and bullish signals.
About CP Rail
Canadian Pacific Railway Ltd., commonly known as CP Rail, is a Canadian Class I freight railway headquartered in Calgary, Alberta. The company operates a rail network that spans across Canada and parts of the United States, connecting key ports and industrial centers with major markets. CP Rail provides transportation and logistics services to a variety of industries, including automotive, agriculture, energy, forest products, intermodal, and minerals.
The company was founded in 1881 and played a crucial role in the development of Canada’s transportation infrastructure. Today, CP Rail is one of the largest rail companies in North America, with a workforce of approximately 13,000 employees and a fleet of over 2,500 locomotives and 56,000 railcars.
In recent years, CP Rail has focused on improving its operational efficiency and customer service, investing in technology and infrastructure to streamline its operations and enhance its competitive position. The company has also pursued strategic acquisitions and partnerships, including the 2012 acquisition of the Dakota, Minnesota and Eastern Railroad and the 2019 acquisition of the Central Maine and Quebec Railway. (yourolddog.com)
