Canadian Pacific Railway Stock Hits New 52-Week High (CP)
NEW YORK (
) --
(NYSE:
) hit a new 52-week high Friday as it is currently trading at $74.15, above its previous 52-week high of $73.06 with 221,336 shares traded as of 9:45 a.m. ET. Average volume has been 920,900 shares over the past 30 days.
Canadian Pacific Railway has a market cap of $11.84 billion and is part of the
sector and
industry. Shares are up 6.3% year to date as of the close of trading on Thursday.
Canadian Pacific Railway Limited, through its subsidiaries, provides rail and intermodal freight transportation services. It transports bulk commodities, including grain, coal, sulphur, and fertilizers; and merchandise freight that consists of finished vehicles and automotive parts. The company has a P/E ratio of 21.9, above the average transportation industry P/E ratio of 21.6 and above the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Canadian Pacific Railway as a
. The company's strengths can be seen in multiple areas, such as its revenue growth, increase in net income, growth in earnings per share and solid stock price performance. We feel these strengths outweigh the fact that the company has had generally poor debt management on most measures that we evaluated. You can view the full
Canadian Pacific Railway Ratings Report
.
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