3 Transportation Stocks Nudging The 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 46 points (-0.3%) at 14,513 as of Wednesday, March 27, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 1,149 issues advancing vs. 1,749 declining with 144 unchanged.

The Transportation industry currently sits up 0.3% versus the S&P 500, which is down 0.2%. Top gainers within the industry include Diana Shipping ( DSX), up 8.0%, and Union Pacific ( UNP), up 0.6%.

TheStreet Ratings group would like to highlight 3 stocks pushing the industry higher today:

3. Canadian National Railway ( CNI) is one of the companies pushing the Transportation industry higher today. As of noon trading, Canadian National Railway is up $0.60 (0.6%) to $98.82 on average volume Thus far, 235,750 shares of Canadian National Railway exchanged hands as compared to its average daily volume of 582,000 shares. The stock has ranged in price between $97.32-$98.92 after having opened the day at $98.06 as compared to the previous trading day's close of $98.22.

Canadian National Railway Company, together with its subsidiaries, engages in rail and related transportation business in North America. Canadian National Railway has a market cap of $41.3 billion and is part of the services sector. The company has a P/E ratio of 15.7, below the S&P 500 P/E ratio of 17.7. Shares are up 7.9% year to date as of the close of trading on Tuesday. Currently there are 4 analysts that rate Canadian National Railway a buy, 2 analysts rate it a sell, and 16 rate it a hold.

TheStreet Ratings rates Canadian National Railway as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, growth in earnings per share, increase in net income and notable return on equity. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. Get the full Canadian National Railway Ratings Report now.

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