Canadian Pacific Railway Rises On Unusually High Volume (CP)

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) is trading at unusually high volume Tuesday with 1.6 million shares changing hands. It is currently at two times its average daily volume and trading up $3.79 (+3.4%) at $115.80 as of 4 p.m. ET.

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Canadian Pacific Railway has a market cap of $19.38 billion and is part of the services sector and transportation industry. Shares are up 10.2% year to date as of the close of trading on Monday.

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 27.4, above the S&P 500 P/E ratio of 17.7.

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, expanding profit margins, good cash flow from operations and solid stock price performance. We feel these strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value. You can view the full Canadian Pacific Railway Ratings Report.

See all heavy volume stocks in our stocks moving on unusual volume list or get investment ideas from our investment research center.

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