Canadian Pacific Railway (CP) Jumps: Stock Adds 5.3% in Session

Zacks

Canadian Pacific Railway Limited (CP) was a big mover last session with shares rising over 5% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company as the stock is now trading above the past one month’s volatile price range of $143.86 to $153.70.

This transcontinental railway company has seen a mixed track record when it comes to estimate revisions of 4 increases and 4 decreases over the last 30 days. Meanwhile, the Zacks Consensus Estimate has moved lower over the same period. This implies trouble down the road. So make sure to keep an eye on this stock going forward to see if yesterday’s price action can last.

Canadian Pacific Railway currently bears a Zacks Rank #3 (Hold) while its Earnings ESP is positive.

Better-ranked transportation stocks worth considering include American Railcar Industries, Inc. (ARII), Union Pacific Corporation (UNP) and Kansas City Southern (KSU). While ARII sports a Zacks Rank #1 (Strong Buy), UNP holds a Zacks Rank #2 (Buy).

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CANADIAN PACIFIC RAILWAY LTD (CP): Free Stock Analysis Report

AMERICAN RAILCAR INDUSTRIES ND (ARII): Free Stock Analysis Report

UNION PACIFIC CORP (UNP): Free Stock Analysis Report

KANSAS CITY SOUTHERN IND (KSU): Free Stock Analysis Report


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