#4 - Canadian Pacific (NYSE:CP)
The next and last railroad stock on our list takes us north of the border. Canadian Pacific (NYSE:CP) is delivering steady revenue and earnings. But what caught my attention at this time is the company’s recently launched carbon emissions calculator. This will give its customers insight into the carbon footprint of the company’s freight rail transportation services.
Unless you have knowledge of the railroad system you may not be aware that it’s among the leaders in the transition to a clean energy economy. In many ways, transporting by rail is “cleaner” than transporting by other means.
With that in mind, this launch by Canadian Pacific may not be a moat they can maintain for very long, but for now it makes the stock attractive with revenue and earnings projected to increase by double digits in the next five years.
About Canadian Pacific Kansas City
Canadian Pacific Kansas City Limited, together with its subsidiaries, owns and operates a transcontinental freight railway in Canada, the United States, and Mexico. The company transports bulk commodities, including grain, coal, potash, fertilizers, and sulphur; merchandise freight, such as forest products, energy, chemicals and plastics, metals, minerals, consumer products, and automotive; and intermodal traffic comprising retail goods in overseas containers.
Read More - Current Price
- $76.69
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 11 Buy Ratings, 7 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $93.68 (22.2% Upside)
