Norfolk Southern Corporation (NSC): Today's Featured Transportation Winner

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

Norfolk Southern Corporation ( NSC) pushed the Transportation industry higher today making it today's featured transportation winner. The industry as a whole closed the day down 0.7%. By the end of trading, Norfolk Southern Corporation rose $1.23 (1.4%) to $88.99 on heavy volume. Throughout the day, 2,696,865 shares of Norfolk Southern Corporation exchanged hands as compared to its average daily volume of 1,591,100 shares. The stock ranged in a price between $87.61-$89.88 after having opened the day at $87.78 as compared to the previous trading day's close of $87.76. Other companies within the Transportation industry that increased today were: Sino-Global Shipping America ( SINO), up 7.0%, Roadrunner Transportation Systems ( RRTS), up 3.5%, Box Ships ( TEU), up 3.4% and Golar LNG ( GLNG), up 2.5%.

Norfolk Southern Corporation engages in the rail transportation of raw materials, intermediate products, and finished goods in the United States. Norfolk Southern Corporation has a market cap of $28.2 billion and is part of the services sector. The company has a P/E ratio of 16.0, below the S&P 500 P/E ratio of 17.7. Shares are down 5.5% year to date as of the close of trading on Thursday. Currently there are 8 analysts that rate Norfolk Southern Corporation a buy, no analysts rate it a sell, and 10 rate it a hold.

TheStreet Ratings rates Norfolk Southern Corporation as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, attractive valuation levels, increase in net income and good cash flow from operations. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity.

On the negative front, Atlas Air Worldwide Holdings ( AAWW), down 12.8%, Globus Maritime ( GLBS), down 6.5%, Controladora Vuela Compania de Aviacion SAB ( VLRS), down 5.8% and Seanergy Maritime Holdings ( SHIP), down 5.2% , were all laggards within the transportation industry with Delta Air Lines ( DAL) being today's transportation industry laggard.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the transportation industry could consider iShares Dow Jones Transportation ( IYT) while those bearish on the transportation industry could consider ProShares UltraShort Industrials ( SIJ).

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