NEW YORK (TheStreet) -- Shares of Kansas City Southern (KSU) are down by 2.08% to $95.09 on heavy volume in late afternoon trading on Thursday, after the railway company said in a regulatory filing that it is withdrawing its 2015 revenue and volume guidance due to what it calls "uncertainty" surrounding energy related markets, foreign exchange impacts, and U.S. fuel prices.
So far today, 4.47 million shares of Kansas City Southern have exchanged hands as compared to its average daily volume of 1.02 million shares.
The company has reiterated its operating goal of low 60s by 2017, the filing said.
Kansas City Southern's board has also authorized a share repurchase program of up to $500 million.
Kansas City Southern operates railroads in the Midwest and Mexico that run north to south, in contrast with the majority of other railroads running east to west, the Wall Street Journal reports, adding that the company's focus on cross-border traffic has resulted in revenue gains in recent years.
Separately, TheStreet Ratings team rates KANSAS CITY SOUTHERN as a Buy with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation:
"We rate KANSAS CITY SOUTHERN (KSU) a BUY. This is driven by multiple strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, increase in net income, expanding profit margins, good cash flow from operations and largely solid financial position with reasonable debt levels by most measures. We feel its strengths outweigh the fact that the company has had lackluster performance in the stock itself."