NEW YORK (

TheStreet

) --

CSX Corporation

(NYSE:

CSX

) hit a new 52-week high Friday as it traded at $79.58 compared with its previous 52-Week high of $79.19. CSX is changing hands at $79.20 with 2.5 million shares traded as of 3:26 p.m. ET. Average volume has been 3.4 million shares over the past 30 days.

CSX has a market cap of $29 billion and is part of the

services

sector and

transportation

industry. Shares are up 21.3% year to date as of the close of trading on Thursday.

CSX Corporation, together with its subsidiaries, provides rail-based transportation services in North America. The company offers traditional rail service, and the transport of intermodal containers and trailers. The company has a P/E ratio of 19.3, equal to the average transportation industry P/E ratio and above the S&P 500 P/E ratio of 16.

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TheStreet Ratings rates CSX as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance, impressive record of earnings per share growth, compelling growth in net income and notable return on equity. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. You can view the full

CSX Ratings Report

.

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