Canadian Pacific Railway Ltd (CP): Today's Featured Transportation Laggard

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

Canadian Pacific Railway ( CP) pushed the Transportation industry lower today making it today's featured Transportation laggard. The industry as a whole closed the day down 0.4%. By the end of trading, Canadian Pacific Railway fell $1.88 (-1.5%) to $123.37 on average volume. Throughout the day, 554,052 shares of Canadian Pacific Railway exchanged hands as compared to its average daily volume of 633,700 shares. The stock ranged in price between $123.00-$124.96 after having opened the day at $124.51 as compared to the previous trading day's close of $125.25. Other companies within the Transportation industry that declined today were: FreeSeas ( FREE), down 13.8%, Newlead Holdings ( NEWL), down 10.6%, Globus Maritime ( GLBS), down 10.4% and Eagle Bulk Shipping ( EGLE), down 7.3%.

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. Canadian Pacific Railway has a market cap of $22.1 billion and is part of the services sector. Shares are up 24.4% year to date as of the close of trading on Friday. Currently there are 7 analysts that rate Canadian Pacific Railway a buy, no analysts rate it a sell, and 13 rate it a hold.

TheStreet Ratings rates Canadian Pacific Railway as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, increase 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 somewhat disappointing return on equity.

On the positive front, China Metro-Rural Holdings ( CNR), up 32.4%, Ultrapetrol Bahamas ( ULTR), up 6.0%, USA Truck ( USAK), up 4.3% and Radiant Logistics ( RLGT), up 3.6%.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the transportation industry could consider iShares Dow Jones Transportation ( IYT) while those bearish on the transportation industry could consider ProShares UltraShort Industrials ( SIJ).

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.
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