BMO Capital Believes Canadian Pacific Railway (TSX: CP) Won’t Stop Here

By Austin Angelo

In a latest note to investors, a research analyst has provided a rating update for the Services sector company, Canadian Pacific Railway (TSX: CP). Analyst Fadi Chamoun from BMO Capital remains bullish on the stock and has a C$225 price target.

According to TipRanks.com, Chamoun is a top 100 analyst with an average return of 16.1% and a 85.1% success rate. Chamoun covers the Services sector, focusing on stocks such as Kansas City Southern, WestJet Airlines Ltd, and Magna International.

Currently, the analyst consensus on Canadian Pacific Railway is Strong Buy and the average price target is C$222.60, representing a 5.1% upside.

In a report issued on May 18, Scotiabank also maintained a Buy rating on the stock with a C$220 price target.

The company has a one year high of C$218.78 and a one year low of C$156.01. Currently, Canadian Pacific Railway has an average volume of 364.7K.

Canadian Pacific Railway Ltd. engages in the operation of transcontinental railway. It provides logistics and supply chain expertise. The company offers rail and intermodal transportation services to business centre of Canada from Montreal, Quebec, to Vancouver, British Columbia, and the U.S. Northeast and Midwest regions. It transports bulk commodities, merchandise freight and intermodal traffic. The company was founded in 1881 and is headquartered in Calgary, Canada.

The company’s shares closed last Wednesday at $211.74, close to its 52-week high of $218.78.