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CP price today is 98.24 USD with a volume of 737,669. At the same time, its chart fluctuates between 97.85 USD – 99.13 USD. CP price was a maximum of 100.00 USD and a minimum of 66.43  USD within 52 weeks.  Its average volume is 1,635,073 and it is ranked 65.488B in the MarketCap listings. The target point of CP price at the end of 1 year is 312.95 USD.

Canadian Pacific Railway (CP)

Canadian Pacific Railway (CP) was known as CP Rail and simply Canadian Pacific between 1968 and 1996. The historic Canadian Class I railway was established in 1881. Canadian Pacific Railway Limited began operations in 2001 as the legal owner in a corporate restructuring.

The railway company which is headquartered in Calgary, has approximately 20,100 kilometers (12,500 miles) of rail that can travel across seven Canadian provinces and the United States from Saint John, New Brunswick to Vancouver and Edmonton.

The railroad was established between eastern Canada and British Columbia between 1881 and 1885. This railway was built by connecting the Ottawa Valley and Georgian Bay area lines built before that. Thus, it fulfilled a commitment that extended to British Columbia, which it stated in the Confederation he entered in 1871. Also, the Canadian Pacific Railway is Canada’s first transcontinental railway.

The CPR, which is a freight railroad, was for many years the only practical means of long-distance passenger transportation in most parts of Canada and contributed greatly to the settlement and development of Western Canada. In 1975, CPR grew into one of Canada’s largest and most powerful companies with its developments and achievements.

In 2009, the company purchased two American lines, the Dakota, Minnesota and Eastern Railroad, and the Iowa, Chicago and Eastern Railroad, thus expanding its transportation footprint. Canadian Pacific Railroad which is aiming at continued development, also has approval to build a line to the Powder River Basin in Wyoming.

CP stock is publicly traded on the Toronto Stock Exchange and the New York Stock Exchange.

Should Buy or Sell CP Stock?

cp stock

CP stock is up 75.09% over the past 12 months. Wall Street analysts’ average rating for the CP stock was 69 out of 100, according to Strong Buy InvestorsObserver’s proprietary ranking system.

This average score consists of the long-term technical score of 95 and CP’s short-term technical score of 65, with CP’s actual score being 46. In addition to the average rating from Wall Street analysts, CP stock‘s 1-year average target is $383,422. Therefore, analysts predict that the stock will fall by 0.95% over the next 12 months.

1 Month Ago CP Stock          

CP stock was up 1.31% about a month ago. The S&P 500 was up 0.13% on Thursday, May 6th. With that, CP rose $5.01 from the previous closing price of $382.09 in 458,574 shares. Over the past year the S&P 500 had gained 46.51%, but CP had a higher gain of 75.09%.

Popularity of CP

cp

On average, 44.7 of these stocks have hedge funds that are giving bullish signals. Also, the average investment in CP stock was $2117 million.  Compared to other stocks, CP seem much less popular. Therefore, the overall hedge fund sensitivity score is 15, according to analysts. Stocks with a higher number of hedge fund positions compared to other stocks and their historical range will be more popular and have a higher rating.

Hedge funds have identified a bearish trend for CP stock. Unfortunately, CP stock is not listed in the top 30 most popular stocks. CP investors were disappointed that the stock had fallen 5.6% since the end of the fourth quarter of 2020 and underperformed in the market. Therefore, CP stock can be a risky investment and should be observed a little more.

You must do your own research and make your own decisions. We are not responsible for the problems that may arise from your investment.

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