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Analysts Are Bullish on These Industrial Goods Stocks: Trex Company (TREX), Canadian Pacific Kansas City (CP)

Tipranks - Tipranks - Fri Jun 5, 10:36PM CDT

There’s a lot to be optimistic about in the Industrial Goods sector as 2 analysts just weighed in on Trex Company (TREX) and Canadian Pacific Kansas City (CP) with bullish sentiments.

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Trex Company (TREX)

In a report issued on June 2, Keith Hughes from Truist Financial maintained a Buy rating on Trex Company. The company’s shares closed last Thursday at $40.13.

According to TipRanks.com, Hughes is a 5-star analyst with an average return of 17.5% and a 60.7% success rate. Hughes covers the Industrial Goods sector, focusing on stocks such as Fortune Brands Innovations, SiteOne Landscape Supply, and Construction Partners. ;'>

Currently, the analyst consensus on Trex Company is a Hold with an average price target of $46.63, which is a 13.0% upside from current levels. In a report issued on May 18, Zelman & Assoc. also upgraded the stock to Buy with a $50.00 price target.

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Canadian Pacific Kansas City (CP)

Bank of America Securities analyst Ken Hoexter reiterated a Buy rating on Canadian Pacific Kansas City on June 2 and set a price target of $96.00. The company’s shares closed last Thursday at $89.50.

According to TipRanks.com, Hoexter is a 3-star analyst with an average return of 2.2% and a 50.3% success rate. Hoexter covers the Industrial Goods sector, focusing on stocks such as Westinghouse Air Brake Technologies, FedEx Freight Holding Company, and Canadian National Railway. ;'>

Canadian Pacific Kansas City has an analyst consensus of Strong Buy, with a price target consensus of $93.64, representing a 4.0% upside. In a report issued on May 29, TipRanks – PerPlexity also reiterated a Buy rating on the stock with a C$146.00 price target.

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