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

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 lower today making it today's featured Transportation laggard. The industry as a whole closed the day up 0.9%. By the end of trading, Norfolk Southern Corporation fell $1.13 (-1.2%) to $92.47 on average volume. Throughout the day, 2,064,122 shares of Norfolk Southern Corporation exchanged hands as compared to its average daily volume of 1,930,000 shares. The stock ranged in price between $91.96-$92.74 after having opened the day at $92.57 as compared to the previous trading day's close of $93.60. Other companies within the Transportation industry that declined today were: Sino-Global Shipping America ( SINO), down 4.5%, Providence & Worcester Railroad Company ( PWX), down 4.3%, Kansas City Southern ( KSU), down 2.4% and Arkansas Best Corporation ( ABFS), down 1.8%.

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 $28.8 billion and is part of the services sector. Shares are up 0.8% year to date as of the close of trading on Wednesday. Currently there are 8 analysts that rate Norfolk Southern Corporation a buy, no analysts rate it a sell, and 9 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, growth in earnings per share, increase in net income and attractive valuation levels. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity.

On the positive front, Newlead Holdings ( NEWL), up 31.6%, ModusLink Global Solutions ( MLNK), up 5.6%, Copa Holdings ( CPA), up 5.5% and China Metro-Rural Holdings ( CNR), up 5.4% , were all gainers within the transportation industry with Alaska Air Group ( ALK) being today's featured transportation industry leader.

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).

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

More from Markets

UK GDP Hits Slowest Pace in Five Years as Cold Snap Hammers Construction

UK GDP Hits Slowest Pace in Five Years as Cold Snap Hammers Construction

Global Stocks Rise on Tech Resurgence; Dollar Past 3-Month High Ahead of Q1 GDP

Global Stocks Rise on Tech Resurgence; Dollar Past 3-Month High Ahead of Q1 GDP

Daimler Shares Rise After Record Mercedes-Benz Sales, Bullish Profit Outlook

Daimler Shares Rise After Record Mercedes-Benz Sales, Bullish Profit Outlook

AMD Rises Above the Competition; Loan Losses Mount for Big Banks -- ICYMI

AMD Rises Above the Competition; Loan Losses Mount for Big Banks -- ICYMI

McKesson Internal Review Clears Senior Management of Wrongdoing on Opioids

McKesson Internal Review Clears Senior Management of Wrongdoing on Opioids