Canadian Pacific Railway Reaches New 52-Week High (CP)
Canadian Pacific Railway (NYSE:CP) hit a new 52-week high Friday as it is currently trading at $107.07, above its previous 52-week high of $107.02 with 140,890 shares traded as of 11:20 a.m. ET. Average volume has been 736,000 shares over the past 30 days.
Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model. NEW YORK ( TheStreet) -- Canadian Pacific Railway (NYSE: CP) hit a new 52-week high Friday as it is currently trading at $107.07, above its previous 52-week high of $107.02 with 140,890 shares traded as of 11:20 a.m. ET. Average volume has been 736,000 shares over the past 30 days. Canadian Pacific Railway has a market cap of $18.28 billion and is part of the services sector and transportation industry. Shares are up 3.9% year to date as of the close of trading on Thursday. 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 25.8, 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, expanding profit margins and solid stock price performance. We feel these strengths outweigh the fact that the company has had generally high debt management risk by 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 investment research center. Holiday Special: Subscribe to Action Alerts PLUS to see how Jim Cramer trades his $2.5 Million+ portfolio for 51% off the list price. Your first 14-days are FREE: Sign up today to get e-mail alerts before every trade.