Research Reports Coverage on Railroads Stocks -- Trinity Industries, Norfolk Southern, Kansas City Southern, and Canadian Pacific Railway
NEW YORK, August 30, 2016 /PRNewswire/ --
In today's pre-market research, Stock-Callers.com takes a look at the Railroads industry which continues to be challenged by economic slowdown, low coal demand, and decline in freight volumes. Stocks under review are Trinity Industries Inc. (NYSE: TRN), Norfolk Southern Corp. (NYSE: NSC), Kansas City Southern (NYSE: KSU), and Canadian Pacific Railway Ltd (NYSE: CP). These stocks research reports can be downloaded now by simply registering for free at:
http://stock-callers.com/registration
Trinity Industries
Dallas, Texas headquartered Trinity Industries Inc.'s stock finished Monday's session 0.12% higher at $24.49 with a total volume of 1.10 million shares traded. The Company's shares have advanced 5.51% in the past month, 36.32% in the previous three months, and 3.64% since the start of this year. The stock is trading 14.25% above its 50-day moving average and 19.42% above its 200-day moving average. Additionally, shares of Trinity Industries, which provides various products and services for the energy, transportation, chemical, and construction sectors in the US and internationally, have a Relative Strength Index (RSI) of 67.54.
As per notes filed with the SEC, on August 18th, 2016, Trinity Industries, Inc. and Trinity Highway Products, LLC (together the "Company") received confirmation from the U.S. Attorney for the District of Massachusetts that it has closed its investigation into the Company's ET 2000 and ET Plus guardrail end-terminal products without taking enforcement action. On April 28th, 2015, the Company received a subpoena from the U.S. Department of Justice requesting documents from 1999 through the present relating to the ET 2000 and ET Plus guardrail end-terminal products. The Company cooperated fully with the government's inquiry. Your complete research report on TRN can be retrieved for free at:
http://stock-callers.com/registration/?symbol=TRN
Norfolk Southern
On Monday, shares in Norfolk, Virginia-based Norfolk Southern Corp. recorded a trading volume of 1.72 million shares, which was above their three months average volume of 1.44 million shares. The stock ended the session 1.89% higher at $94.01. The Company's shares have advanced 5.42% in the last one month, 12.59% over the previous three months, and 13.64% on an YTD basis. The stock is trading 6.67% above its 50-day moving average and 13.47% above its 200-day moving average. Moreover, shares of Norfolk Southern, which together with its subsidiaries, engages in the rail transportation of raw materials, intermediate products, and finished goods, have an RSI of 72.54.
On July 29th, 2016, Norfolk Southern announced the regular quarterly dividend of $0.59 per share on its common stock, payable on September 10th, 2016 to stockholders of record on August 8th, 2016. Since its inception in 1982, Norfolk Southern has paid dividends for 136 consecutive quarters. NSC free report is just a click away at:
http://stock-callers.com/registration/?symbol=NSC
Kansas City Southern
Shares in Missouri-based Kansas City Southern closed the day 1.30% lower at $98.18. The stock recorded a trading volume of 1.56 million shares, which was higher than its three months average volume of 1.18 million shares. The Company's shares have gained 2.15% in the last month, 5.83% in the previous three months, and 32.48% on an YTD basis. The stock is trading 4.25% and 14.29% above its 50-day and 200-day moving averages, respectively. Additionally, shares of Kansas City Southern, which through its subsidiaries, provides freight rail transportation services, have an RSI of 57.37.
On August 17th, 2016, Kansas City's Board of Directors on August 15th, 2016 declared a regular dividend of $0.25 per share on the outstanding KCS 4% non-cumulative preferred stock. The dividend is payable on October 4th, 2016 to preferred stockholders of record on September 12th, 2016. The Board also declared a regular dividend of $0.33 per share on the outstanding KCS common stock. This dividend is payable on October 5th, 2016, to common stockholders of record on September 12th, 2016. Sign up for your complimentary research report on KSU at:
http://stock-callers.com/registration/?symbol=KSU
Canadian Pacific Railway
At the close, shares in Calgary, Canada headquartered Canadian Pacific Railway Ltd ended the day at $154.73, climbing 1.04%. The stock recorded a trading volume of 481,320 shares. The Company's shares have advanced 3.30% in the last one month, 19.78% over the previous three months, and 21.88% since the start of this year. The stock is trading above its 50-day and 200-day moving averages by 9.67% and 16.84%, respectively. Furthermore, shares of Canadian Pacific Railway, which together with its subsidiaries, operates a transcontinental railway in Canada and the US, have an RSI of 74.97.
As per notes filed with the SEC, on August 9th, 2016, Pershing Square, L.P., Pershing Square II, L.P., Pershing Square International, Ltd and Pershing Square Holdings, Ltd, completed a secondary offering of 9,840,890 common shares of Canadian Pacific Railway. The Company did not sell any common shares in, and did not receive any proceeds from, the offering. Register for free on Stock-Callers.com and download the latest research report on CP at:
http://stock-callers.com/registration/?symbol=CP
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