Recent meaningful positive changes in fundamentals have benefitted Canadian Pacific Railway Ltd (NYSE: CP): the stock’s power rating rose above 70, significant quarterly sales acceleration occurred, and significant quarterly earnings acceleration occurred.
Important positive changes in Canadian Pacific Railway Ltd (NYSE: CP) investment behavior have recently occurred: 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
CP is expected to continue to be a Value Builder reflecting capital returns that are forecasted to be above the cost of capital.
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 85, leading to the Highest Value Trend Rating.
Recent Price Action
Canadian Pacific Railway Ltd (NYSE: CP) stock closed at $79.74 on 6/24/24 after an increase of 1.4%. Moreover, trading volume in this advance was above average at 121% of normal. The stock has risen 4.7% during the last week and has been strong relative to the market over the last nine months.
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