Canadian Pacific Railway (CP) Jumps: Stock Adds 5.3% in Session - Tale of the Tape

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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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AMER RAILCAR (ARII): Free Stock Analysis Report

CDN PAC RLWY (CP): Free Stock Analysis Report

KANSAS CITY SOU (KSU): Free Stock Analysis Report

UNION PAC CORP (UNP): Free Stock Analysis Report

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.



This article appears in: Investing , Investing Ideas , Stocks

Referenced Stocks: ARII , CP , KSU , UNP

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89%

Most Active by Volume

48,099,947
  • $16.09 ▲ 0.50%
40,277,806
  • $102.50 ▲ 0.24%
40,236,499
  • $19.57 ▲ 2.35%
31,092,510
  • $49.75 ▲ 0.65%
30,795,218
  • $34.92 ▲ 0.78%
29,910,855
  • $3.63 ▲ 0.83%
24,019,154
  • $13.06 ▼ 0.38%
23,753,906
  • $74.82 ▲ 1.31%
As of 8/29/2014, 04:04 PM

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