NEW YORK (
Norfolk Southern Corporation
) hit a new 52-week high Tuesday as it traded at $69.13 compared with its previous 52-Week high of $69. Norfolk Southern is changing hands at $69.09 with 315,356 shares traded as of 10:11 a.m. ET. Average volume has been three million shares over the past 30 days.
Norfolk Southern has a market cap of $25.7 billion and is part of the
industry. Shares are up 9.5% year to date as of the close of trading on Monday.
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 17.2, equal to the average transportation industry P/E ratio and above the S&P 500 P/E ratio of 16.2.
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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 solid stock price performance, impressive record of earnings per share growth, compelling growth in net income, revenue growth and largely solid financial position with reasonable debt levels by most measures. 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
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