NEW YORK (

TheStreet

) --

Norfolk Southern Corporation

(NYSE:

NSC

) hit a new 52-week high Thursday as it is currently trading at $71.80, above its previous 52-week high of $70 with 540,602 shares traded as of 9:37 a.m. ET. Average volume has been 2.7 million shares over the past 30 days.

Norfolk Southern has a market cap of $25.6 billion and is part of the

services

sector and

transportation

industry. Shares are up 8.9% year to date as of the close of trading on Wednesday.

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Norfolk Southern Corporation, through its subsidiaries, engages in the rail transportation of raw materials, intermediate products, and finished goods. The company has a P/E ratio of 17.1, equal to the average transportation industry P/E ratio and above the S&P 500 P/E ratio of 16.9.

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TheStreet Ratings rates Norfolk Southern as a

buy

. The company's strengths can be seen in multiple areas, such as its revenue growth, increase in stock price during the past year, impressive record of earnings per share growth, compelling growth in net income and good cash flow from operations. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. You can view the full

Norfolk Southern Ratings Report

.

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