The Aurizon Holdings Ltd (ASX: AZJ) share price, at $5.43, is within inches of its 5-year high of $5.66.
Shares of the Australian rail freight company are up 18% in the past year, and 62% over the past 5 years.
According to Google Finance, the company acts as a heavy haul freight railway operator and rail transporter of coal from mine to port for export markets, and also engages in bulk general and containerized freight businesses and rail services activities.
Its segments include Network, Commercial & Marketing, Operations and Other. The Network segment provides access to, operation and management of the Central Queensland Coal Rail Network. The Network segment is also engaged in the provision of overhaul and maintenance of rail network assets. The Commercial & Marketing segment is responsible for commercial negotiation of sales contracts and customer relationship management. The Operations segment is responsible for the national delivery of coal, iron ore, bulk and intermodal haulage services.
Aurizon shares have risen after the company announced strong profit growth at its most recent report. The recent rebound in coal prices is also thought to be a big benefit to Aurizon and its customers.
At a price of $5.45, Aurizon is priced at an estimated 20 times full-year earnings, and pays a 5% trailing dividend.
