NEW YORK (

TheStreet

) --

Canadian Pacific Railway

(NYSE:

CP

) hit a new 52-week high Thursday as it is currently trading at $80.77, above its previous 52-week high of $79.91 with 477,057 shares traded as of 10 a.m. ET. Average volume has been 810,500 shares over the past 30 days.

Canadian Pacific Railway has a market cap of $12.59 billion and is part of the

services

sector and

transportation

industry. Shares are up 14.9% year to date as of the close of trading on Wednesday.

Canadian Pacific Railway Limited, through its subsidiaries, operates as a transcontinental railway providing freight transportation services, logistics solutions, and supply chain expertise in Canada and the United States. The company has a P/E ratio of 18.5, equal to the average transportation industry P/E ratio and above the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Canadian Pacific Railway as a

buy

. The company's strengths can be seen in multiple areas, such as its revenue growth, compelling growth in net income, good cash flow from operations, solid stock price performance and impressive record of earnings per share growth. 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

.

See all

52-week high stocks

or get investment ideas from our

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.

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