Is Canadian Pacific Railway Limited’s Fuel Running Low? The Stock Reaches 52-Week High Today

 Is Canadian Pacific Railway Limited's Fuel Running Low? The Stock Reaches 52 Week High Today

The stock of Canadian Pacific Railway Limited (TSE:CP) hit a new 52-week high and has $218.92 target or 6.00% above today’s $206.53 share price. The 6 months bullish chart indicates low risk for the $31.03 billion company. The 1-year high was reported on Dec, 1 by Barchart.com. If the $218.92 price target is reached, the company will be worth $1.86B more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 24,619 shares traded hands. Canadian Pacific Railway Limited (TSE:CP) has risen 12.23% since April 27, 2016 and is uptrending. It has outperformed by 6.30% the S&P500.

Canadian Pacific Railway Limited (TSE:CP) Ratings Coverage

Out of 9 analysts covering Canadian Pacific Railway Limited (TSE:CP), 7 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 78% are positive. $232 is the highest target while $129 is the lowest. The $198.23 average target is -4.02% below today’s ($206.53) stock price. Canadian Pacific Railway Limited has been the topic of 26 analyst reports since July 22, 2015 according to StockzIntelligence Inc. On Wednesday, July 22 the stock rating was upgraded by Canaccord Genuity to “Buy”. As per Wednesday, December 9, the company rating was maintained by RBC Capital Markets. On Thursday, November 19 the stock rating was maintained by National Bank Canada with “Outperform”.

More notable recent Canadian Pacific Railway Limited (TSE:CP) news were published by: Wsj.com which released: “Canadian Pacific Railway Results Miss Expectations” on October 19, 2016, also Fool.ca with their article: “Canadian Pacific Railway Limited: Has the Stock Peaked?” published on September 28, 2016, Business.Financialpost.com published: “Canadian Pacific Railway Ltd takes a hit in Q2, but bets big on grain for …” on July 20, 2016. More interesting news about Canadian Pacific Railway Limited (TSE:CP) were released by: Fool.ca and their article: “Canadian Pacific Railway Limited Versus Canadian National Railway Company” published on November 04, 2016 as well as Business.Financialpost.com‘s news article titled: “Canadian Pacific Railway Ltd is a win for Bill Ackman, no matter how you keep …” with publication date: August 04, 2016.

Canadian Pacific Railway Limited , together with its subsidiaries, operates a transcontinental railway in Canada and the United States. The company has a market cap of $31.03 billion. The Firm operates in rail transportation segment. It has a 20.5 P/E ratio. The Company’s business mix includes bulk commodities, merchandise freight and intermodal traffic over a network of approximately 12,500 miles, serving the principal business centers of Canada from Montreal, Quebec, to Vancouver, British Columbia, and the United States Northeast and Midwest regions.

CP.TO Company Profile

Canadian Pacific Railway Limited (CP), incorporated on October 1, 2001, together with its subsidiaries, operates a transcontinental railway in Canada and the United States. The Firm operates in rail transportation segment. The Company’s business mix includes bulk commodities, merchandise freight and intermodal traffic over a network of approximately 12,500 miles, serving the principal business centers of Canada from Montreal, Quebec, to Vancouver, British Columbia, and the United States Northeast and Midwest regions. The Firm transports bulk commodities, merchandise freight and intermodal traffic. Bulk commodities include Canadian grain, United States grain, coal, potash, and fertilizers and sulfur. Merchandise freight consists of finished vehicles and automotive parts, as well as forest and industrial and consumer products. Intermodal traffic consists of retail goods in overseas containers that can be transported by train, ship and truck and in domestic containers and trailers that can be moved by train and truck.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Related posts

Leave a Comment