Canadian Pacific (CP) Receives a Buy from Evercore ISI

According to TipRanks.com, Chappell is a 5-star analyst with an average return of 16.4% and a 61.1% success rate. Chappell covers the Industrial Goods sector, focusing on stocks such as Canadian National Railway, Knight Transportation, and Old Dominion Freight.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Canadian Pacific with a $81.53 average price target, a 5.0% upside from current levels. In a report issued on July 15, Wells Fargo also maintained a Buy rating on the stock with a $83.00 price target.

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Canadian Pacific’s market cap is currently $73.3B and has a P/E ratio of 34.38.

Based on the recent corporate insider activity of 18 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of CP in relation to earlier this year.

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Founded in 1881, Canadian Pacific Railway Ltd. provides rail services in Canada and the United States. It offers rail and intermodal transportation services and also transports bulk commodities, merchandise freight, and intermodal traffic.

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