The transportation industry closed the day down 2.1%. Frozen Food Express Industries ( FFEX), Golar LNG ( GLNG), Danaos Corporation ( DAC), and Greenbrier Companies Inc ( GBX) were all winners today within the transportation industry with Canadian Pacific Railway ( CP) being today's featured transportation winner. Canadian Pacific Railway rose 37 cents (0.7%) to $55.71 on heavy volume. Throughout the day, 2.7 million shares of Canadian Pacific Railway exchanged hands as compared to its average daily volume of 1.3 million shares. 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. Canadian Pacific Railway has a market cap of $8.8 billion and is part of the services sector. The company has a P/E ratio of 16.2, above the average transportation industry P/E ratio of 15.7 and below the S&P 500 P/E ratio of 17.7. Shares are down 19.5% year to date as of the close of trading on Tuesday. TheStreet Ratings rates Canadian Pacific Railway as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth and good cash flow from operations. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself.
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