Barclays analyst Brandon Oglenski maintains $Canadian Pacific Railway (CP.US)$ with a buy rating, and maintains the target price at $97.
According to TipRanks data, the analyst has a success rate of 56.4% and a total average return of 7.0% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Canadian Pacific Railway (CP.US)$'s main analysts recently are as follows:
It is anticipated that Q3 transport results may be slightly softer than earlier projections due to persistently weak industrial demand. Nevertheless, the scenario is expected to improve with increasing North American import activity and a probable reduction in trucking capacity, which may create a more favorable environment as attention shifts towards 2025 forecasts. Transport fundamentals are considered to be varied, with pricing outcomes not yet fully realized due to the surplus in trucking capacity. Despite this, there appears to be potential within the railroad and less-than-truckload carrier sectors.
The estimation for Canadian Pacific Kansas City's earnings per share in the third quarter is being revised downwards by analysts, to reflect a range of factors including softer yields and a less dynamic macroeconomic environment, particularly in relation to the trucking and broader transportation sectors. This reassessment also affects the projections for 2025 earnings per share. Adjustments have been made to long-term financial forecasts and minor changes to relative target multiples have been noted in a sector analysis.
Note:
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