Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.
Trade-Ideas LLC identified
) as a pre-market leader candidate. In addition to specific proprietary factors, Trade-Ideas identified Norfolk Southern Corporation as such a stock due to the following factors:
- NSC has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $156.8 million.
- NSC traded 45,475 shares today in the pre-market hours as of 9:29 AM.
- NSC is up 3.9% today from Friday's close.
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More details on NSC:
Norfolk Southern Corporation engages in the rail transportation of raw materials, intermediate products, and finished goods in the United States. The stock currently has a dividend yield of 2.7%. NSC has a PE ratio of 14.4. Currently there are 7 analysts that rate Norfolk Southern Corporation a buy, 1 analyst rates it a sell, and 10 rate it a hold.
The average volume for Norfolk Southern Corporation has been 1.6 million shares per day over the past 30 days. Norfolk Southern has a market cap of $24.4 billion and is part of the services sector and transportation industry. The stock has a beta of 1.20 and a short float of 1.6% with 2.82 days to cover. Shares are up 26.6% year to date as of the close of trading on Friday.
rates Norfolk Southern Corporation as a
. The company's strengths can be seen in multiple areas, such as its attractive valuation levels, good cash flow from operations, increase in stock price during the past year, expanding profit margins and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had sub par growth in net income.
Highlights from the ratings report include:
- Net operating cash flow has increased to $783.00 million or 24.68% when compared to the same quarter last year. The firm also exceeded the industry average cash flow growth rate of 0.57%.
- Compared to where it was a year ago today, the stock is now trading at a higher level, regardless of the company's weak earnings results. Turning our attention to the future direction of the stock, it goes without saying that even the best stocks can fall in an overall down market. However, in any other environment, this stock still has good upside potential despite the fact that it has already risen in the past year.
- 37.90% is the gross profit margin for NORFOLK SOUTHERN CORP which we consider to be strong. Regardless of NSC's high profit margin, it has managed to decrease from the same period last year. Despite the mixed results of the gross profit margin, the net profit margin of 16.59% trails the industry average.
- NORFOLK SOUTHERN CORP's earnings per share declined by 8.8% in the most recent quarter compared to the same quarter a year ago. The company has suffered a declining pattern of earnings per share over the past year. However, we anticipate this trend reversing over the coming year. During the past fiscal year, NORFOLK SOUTHERN CORP reported lower earnings of $5.37 versus $5.47 in the prior year. This year, the market expects an improvement in earnings ($5.51 versus $5.37).
- You can view the full Norfolk Southern Corporation Ratings Report.