Recent extremely meaningful positive changes in investment behavior have benefitted Canadian Pacific Railway Ltd (NYSE: CP): its shorter term price trend turned up, and positive upside/downside volume developed.
Canadian Pacific Railway Ltd (NYSE: CP) has recently enjoyed meaningful positive changes in fundamentals: significant quarterly earnings acceleration occurred, and significant quarterly sales acceleration occurred.
In light of these very positive signals we are reviewing our current Overall Rating of C. We would 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 C (High Neutral). This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. Canadian Pacific Railway has a neutral Power Rating of 52 but a good Appreciation Score of 72, producing the High Neutral Value Trend Rating.
Recent Price Action
On 12/14/23, Canadian Pacific Railway Ltd (NYSE: CP) stock enjoyed a large increase of 2.6%, closing at $76.85. Moreover, trading volume in this advance was unusually high at 162% of normal. The stock has performed in line with the market over the last nine months and has risen 3.9% during the last week.
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