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Founders Capital Management Has $170,000 Stake in Norfolk …

Founders Capital Management Has 0,000 Stake In Norfolk ...Founders Capital Management maintained its position in shares of Norfolk Southern Corp. (NYSE:NSC) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,008 shares of the railroad operator s stock at the end of the fourth quarter. Founders Capital Management s holdings in Norfolk Southern Corp. were worth $170,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in NSC. West Oak Capital boosted its position in shares of Norfolk Southern Corp. by 5.7% in the fourth quarter. West Oak Capital now owns 12,058 shares of the railroad operator s stock worth $1,019,986 after buying an additional 650 shares during the last quarter. Park National boosted its position in shares of Norfolk Southern Corp. by 6.4% in the fourth quarter. Park National now owns 19,133 shares of the railroad operator s stock worth $1,619,000 after buying an additional 1,154 shares during the last quarter. Finally, J. Goldman & Company acquired a new position in shares of Norfolk Southern Corp. during the third quarter worth approximately $11,854,000. Norfolk Southern Corp. (NYSE:NSC[1]) traded down 0.53% on Friday, reaching $71.77. 1,786,596 shares of the company s stock were exchanged. The stock has a market capitalization of $21.43 billion and a P/E ratio of 12.96. Norfolk Southern Corp. has a 1-year low of $70.09 and a 1-year high of $112.05. The firm s 50 day moving average is $85.16 and its 200 day moving average is $82.97. Norfolk Southern Corp. (NYSE:NSC) last issued its quarterly earnings results on Wednesday, October 28th. The railroad operator reported $1.57 EPS for the quarter, beating analysts consensus estimates of $1.41 by $0.16. The business had revenue of $2.71 billion for the quarter, compared to analyst estimates of $2.72 billion. During the same period last year, the business posted $1.79 earnings per share. Norfolk Southern Corp. s revenue for the quarter was down 10.3% on a year-over-year basis. Analysts expect that Norfolk Southern Corp. will post $5.17 EPS for the current year.

NSC has been the topic of a number of recent research reports. Robert W. Baird lifted their target price on shares of Norfolk Southern Corp. from $89.00 to $90.00 in a report on Friday, December 18th. Stifel Nicolaus dropped their price objective on shares of Norfolk Southern Corp. from $93.00 to $84.00 in a research note on Tuesday. Susquehanna dropped their price objective on shares of Norfolk Southern Corp. from $96.00 to $92.00 in a research note on Tuesday. Vetr[2] cut shares of Norfolk Southern Corp. from a strong-buy rating to a buy rating and set a $87.00 price objective on the stock. in a research note on Monday, October 5th. Finally, Barclays raised shares of Norfolk Southern Corp. from an underweight rating to an equal weight rating and boosted their price objective for the company from $76.00 to $95.00 in a research note on Monday, December 7th. Four investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and four have given a buy rating to the company. The stock currently has an average rating of Hold and an average target price of $90.47. Norfolk Southern Corporation is a holding company. The Company owns a freight railroad, Norfolk Southern Railway Company. The Company is engaged in the rail transportation of raw materials, intermediate products and finished goods primarily in the Southeast, East and Midwest and through interchange with rail carriers, to and from the rest of the United States. The Company also transports overseas freight through various Atlantic and Gulf Coast ports. It provides logistics services and offers an intermodal network in the eastern half of the United States. The Company s system reaches various individual industries, electric generating facilities, mines, distribution centers, transload facilities and other businesses located in its service area. The Company s general merchandise market group is composed of five commodity groupings: chemicals; metals and construction; agriculture, consumer products, and Government; automotive, and paper, clay and forest products. document.write( Founders Capital Management Has 0,000 Stake In Norfolk ... );

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References

  1. ^ NYSE:NSC (www.marketbeat.com)
  2. ^ Vetr (www.vetr.com)
  3. ^ MarketBeat.com’s FREE daily email newsletter (zolmax.com)



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