Canadian Pacific Railway Limited (NYSE:CP) traded at a new 52-week high today of $83.63. So far today approximately 192,000 shares have been exchanged, as compared to an average 30-day volume of 3.7 million shares.
Canadian Pacific is a CAD 8 billion Class-1 railroads operating on more than 12,500 miles of track across most of Canada and into parts of the Midwestern and Northeastern United States. It is the second-smallest Class I railroad by revenue and route miles. In 2021, CP hauled shipments of grain (22% of freight revenue), intermodal containers (22%), energy products (like crude and frac sand), chemicals, and plastics (20%) coal (8%), fertilizer and potash (10%), automotive products (5%), and a diverse mix of other merchandise.
Canadian Pacific Railway Limited (NYSE:CP) is currently priced 2.6% above its average consensus analyst price target of $81.34.
In the past 52 weeks, shares of Canadian Pacific Railway Limited have traded between a low of $64.37 and a high of $83.63 and is now at $83.52, which is 30% above that low price.
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