Canadian Pacific Railway Ltd (NYSE: CP) has recently enjoyed meaningful positive changes in fundamentals: the stock’s power rating rose above 70, significant quarterly sales acceleration occurred, and significant quarterly earnings acceleration occurred.
Recent meaningful positive changes in investment behavior have benefitted Canadian Pacific Railway Ltd (NYSE: CP): the stock’s recent price rise disrupted its longer term downtrend.
In light of these very positive signals we are reviewing our current Overall Rating of A. We would continue to view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, CP is expected to continue to be a Value Builder.
Canadian Pacific Railway has a current Value Trend Rating of A (Highest Rating). The Value Trend Rating reflects highly consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Canadian Pacific Railway has a good Power Rating of 71 and a good Appreciation Score of 83, leading to the Highest Value Trend Rating.
Recent Price Action
Canadian Pacific Railway Ltd (NYSE: CP) stock closed at $89.24 on 4/9/24 after a modest gain of 1.0%. However, trading volume in this advance was below average at 79% of normal. The stock has risen 1.5% during the last week and has been strong relative to the market over the last nine months.
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