Norfolk Southern Corporation (NSC): Today's Featured Transportation Loser - TheStreet

Norfolk Southern Corporation

(

NSC

) pushed the Transportation industry lower today making it today's featured Transportation loser. The industry as a whole closed the day up 0.5%. By the end of trading, Norfolk Southern Corporation fell $1.14 (-1.6%) to $70 on average volume. Throughout the day, 3.1 million shares of Norfolk Southern Corporation exchanged hands as compared to its average daily volume of 2.8 million shares. The stock ranged in price between $69.67-$70.73 after having opened the day at $70.42 as compared to the previous trading day's close of $71.14. Other company's within the Transportation industry that declined today were:

FreeSeas

(

FREE

), down 8.9%,

Eagle Bulk Shipping

(

EGLE

), down 7.7%,

Ultrapetrol Bahamas

(

ULTR

), down 5%, and

Euroseas

(

ESEA

), down 4.3%.

  • ACTIVE STOCK TRADERS: Check out TheStreet's special offer for Real Money, headlined by Jim Cramer, now!

Norfolk Southern Corporation, through its subsidiaries, engages in the rail transportation of raw materials, intermediate products, and finished goods primarily in the United States. Norfolk Southern Corporation has a market cap of $23.35 billion and is part of the

services

sector. The company has a P/E ratio of 12.4, equal to the average transportation industry P/E ratio and below the S&P 500 P/E ratio of 17.7. Shares are down 2.4% year to date as of the close of trading on Thursday. Currently there are 14 analysts that rate Norfolk Southern Corporation a buy, one analyst rates it a sell, and eight rate it a hold.

TheStreet Ratings rates Norfolk Southern Corporation as a

buy

. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income, revenue growth, notable return on equity and attractive valuation levels. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself.

On the positive front,

Patriot Transportation Holdings

(

PATR

), up 8.6%,

Scorpio Tankers

(

STNG

), up 8.5%,

Paragon Shipping

(

PRGN

), up 7.3%, and

Newlead Holdings

(

NEWL

), up 7.2%, were all gainers within the transportation industry with

Copa Holdings

(

CPA

) being today's featured transportation industry winner.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the transportation industry could consider

iShares Dow Jones Transportation

(

IYT

) while those bearish on the transportation industry could consider

ProShares UltraShort Industrials

(

SIJ

).

null