5 Stocks Pushing The Transportation Industry Lower
Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our modelAll three major indices are trading down today with the Dow Jones Industrial Average (^DJI) trading down 46 points (-0.4%) at 12,524 as of Thursday, Nov. 15, 2012, 12:05 PM ET. The NYSE advances/declines ratio sits at 826 issues advancing vs. 2,151 declining with 91 unchanged.The Transportation industry currently sits down 2.0% versus the S&P 500, which is down 0.5%. On the negative front, top decliners within the industry include Safe Bulkers (SB), down 32.3%, DryShips (DRYS), down 14.3%, CSX (CSX), down 1.4%, Norfolk Southern Corporation (NSC), down 0.9% and Canadian National Railway (CNI), down 0.9%.TheStreet Ratings group would like to highlight 5 stocks pushing the industry lower today:5. Teekay LNG Partners L.P (TGP) is one of the companies pushing the Transportation industry lower today. As of noon trading, Teekay LNG Partners L.P is down $1.10 (-3.1%) to $34.74 on heavy volume Thus far, 224,557 shares of Teekay LNG Partners L.P exchanged hands as compared to its average daily volume of 257,400 shares. The stock has ranged in price between $34.50-$35.80 after having opened the day at $35.80 as compared to the previous trading day's close of $35.84. Teekay LNG Partners L.P. provides marine transportation services for liquefied natural gas (LNG), liquefied petroleum gas (LPG), and crude oil worldwide. Teekay LNG Partners L.P has a market cap of $2.4 billion and is part of the services sector. The company has a P/E ratio of 27.4, above the S&P 500 P/E ratio of 17.7. Shares are up 9.7% year to date as of the close of trading on Wednesday. Currently there are 2 analysts that rate Teekay LNG Partners L.P a buy, no analysts rate it a sell, and 4 rate it a hold.TheStreet Ratings rates Teekay LNG Partners L.P as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, compelling growth in net income and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including generally higher debt management risk and weak operating cash flow. Get the full Teekay LNG Partners L.P Ratings Report now.
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