Canadian Pacific Railway (NYSE:CP) upgraded to Buy from Hold, $70 target, at BB&T Capital. The stock closed yesterday at $59.21 on volume of 957,100 shares, above the average daily volume of 633,181.
In the past 52-weeks, shares of Canadian Pacific Railway have traded between a low of $39.07 and a high of $61.98 and are now at $59.21, which is 51.5% above that low price.
Canadian Pacific Railway is currently above its 50-day moving average (MA) of $56.25 and above its 200-day MA of $53.34. In the last five trading sessions, the 50-day MA has remained constant while the 200-day MA has risen 0.55%.
Canadian Pacific Railway Limited is a Class 1 transcontinental railway, providing freight and intermodal services over a network in Canada and the United States. The Company's mainline network serves major Canadian ports and cities from Montreal to Vancouver, and key centers in the United States Midwest and Northeast.