NEW YORK (

TheStreet

) --

Norfolk Southern Corporation

(NYSE:

NSC

) hit a new 52-week high Wednesday as it is currently trading at $77.79, above its previous 52-week high of $77.20 with 536,545 shares traded as of 9:42 a.m. ET. Average volume has been 2.1 million shares over the past 30 days.

Norfolk Southern has a market cap of $27 billion and is part of the

services

sector and

transportation

industry. Shares are up 20.3% year to date as of the close of trading on Tuesday.

Norfolk Southern Corporation, through its subsidiaries, engages in the rail transportation of raw materials, intermediate products, and finished goods primarily in the United States. The company has a P/E ratio of 18.1, equal to the average transportation industry P/E ratio and above the S&P 500 P/E ratio of 17.7.

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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 robust revenue growth, solid stock price performance, impressive record of earnings per share growth, compelling growth in net income and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full

Norfolk Southern Ratings Report

.

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