5 Stocks Pushing The Transportation Industry Higher

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model

All three major indices are trading down today with the Dow Jones Industrial Average ( ^DJI) trading down 27 points (-0.2%) at 12,904 as of Thursday, Nov. 8, 2012, 11:49 AM ET. The NYSE advances/declines ratio sits at 1,218 issues advancing vs. 1,656 declining with 135 unchanged.

The Transportation industry currently sits down 0.3% versus the S&P 500, which is down 0.2%. Top gainers within the industry include Matson ( MATX), up 11.6%, and United Continental Holdings ( UAL), up 2.3%. A company within the industry that fell today was Pacific Airport Group ( PAC), up 3.0%.

TheStreet Ratings group would like to highlight 5 stocks pushing the industry higher today:

5. Teekay Corporation ( TK) is one of the companies pushing the Transportation industry higher today. As of noon trading, Teekay Corporation is up $0.76 (2.4%) to $31.87 on light volume Thus far, 66,364 shares of Teekay Corporation exchanged hands as compared to its average daily volume of 301,500 shares. The stock has ranged in price between $31.02-$31.98 after having opened the day at $31.18 as compared to the previous trading day's close of $31.11.

Teekay Corporation engages in the marine transportation of crude oil and gas in Bermuda and internationally. Teekay Corporation has a market cap of $2.2 billion and is part of the services sector. The company has a P/E ratio of -6.5, below the S&P 500 P/E ratio of 17.7. Shares are up 19.3% year to date as of the close of trading on Wednesday. Currently there are 4 analysts that rate Teekay Corporation a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates Teekay Corporation as a hold. The company's strengths can be seen in multiple areas, such as its solid stock price performance, increase in net income and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including generally higher debt management risk, disappointing return on equity and weak operating cash flow. Get the full Teekay Corporation Ratings Report now.

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