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Norfolk Southern Stock Hits New 52-Week High (NSC)

Tickers in this article: NSC

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.

NEW YORK (TheStreet) -- Norfolk Southern Corporation (NSC">NSC) hit a new 52-week high Friday as it is currently trading at $77.80, above its previous 52-week high of $77.42 with 309,507 shares traded as of 9:46 a.m. ET. Average volume has been 2.4 million shares over the past 30 days.

Norfolk Southern has a market cap of $25.39 billion and is part of the services sector and transportation industry. Shares are up 23.2% year to date as of the close of trading on Thursday.

Norfolk Southern Corporation engages in the rail transportation of raw materials, intermediate products, and finished goods in the United States. The company has a P/E ratio of 14.1, below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Norfolk Southern as a buy. The company's strengths can be seen in multiple areas, such as its attractive valuation levels, good cash flow from operations, increase in stock price during the past year, expanding profit margins and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Norfolk Southern Ratings Report.

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