|Bid||267.39 x 1000|
|Ask||271.62 x 900|
|Day's Range||271.17 - 273.49|
|52 Week Range||147.37 - 273.88|
|Beta (5Y Monthly)||1.30|
|PE Ratio (TTM)||34.65|
|Forward Dividend & Yield||3.96 (1.45%)|
|Ex-Dividend Date||Feb 04, 2021|
|1y Target Est||N/A|
With the fourth-quarter round of 13F filings behind us it is time to take a look at the stocks in which some of the best money managers in the world preferred to invest or sell heading into the first quarter of 2021. One of these stocks was Norfolk Southern Corp. (NYSE:NSC). Is NSC stock a […]
Canadian Pacific Railway Ltd (NYSE: CP) and Kansas City Southern (NYSE: KSU) announced on Sunday they would merge in a deal valued at about $29 billion in cash and shares. What Happened: The new company, Canadian Pacific Kansas City, will create a Canada-Mexico-U.S. railroad with a combined 20,000 miles of rail. Canadian Pacific Kansas City will be a larger competitor to other rail service providers and will ease supply chain difficulties between the three member countries of the United States-Mexico-Canada Agreement (USMCA). It will also provide the companies’ customers with an eco-friendlier alternative to truck transportation, according to Canadian Pacific's press release. Why It Matters: The Canadian Pacific Kansas City rail service will have three main competitors to keep on watch: Canadian National Railways (NYSE: CNI), headquartered in Montreal, Quebec operates 20,000 miles of rail across Canada, the Midwest and the Southern United States and through Mexico. Canadian National has a market cap of $80.89 billion and was trading down 2.25% at $113.90 at last check. Union Pacific Corporation (NYSE: UCP), headquartered in Omaha, Nebraska, boasts 32,340 miles of route track across the Midwest, West and Southwestern United States. Union Pacific has a market cap of $139.37 billion and was trading down 1.87% at $206.86 at last check. Norfolk Southern Corp. (NYSE: NSC), headquartered in Norfolk, Virginia, operates 19,500 route miles in 22 states and the District of Columbia. Norfolk Southern has a market cap of $66.24 billion and was trading up 0.96% at $262.96 at last check. (Photo: Canadian Pacific Railway) See more from BenzingaClick here for options trades from BenzingaMegan Thee Stallion Headlines Grubhub's Sound Bites Interactive ConcertChris Ramsay And Victory Square's Immersive Tech Team Up To Create Magical Experience© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
The railroad industry is one of the major components of the transportation sector and is closely tied to the economy's growth. Railroad companies operate vast networks that transport agricultural products, packaged foods, commodities, electronics, and other goods to companies and consumers. Major companies in the industry include Union Pacific Corp. (UNP), Norfolk Southern Corp. (NSC), and CSX Corp. (CSX).