Norfolk Southern Corp. (NSC) PT Lowered to $84.00 at Stifel …
Several hedge funds and institutional investors have modified their holdings of NSC. J. Goldman & Company acquired a new position in shares of Norfolk Southern Corp. during the third quarter valued at about $11,854,000. Nisa Investment Advisors increased its stake in Norfolk Southern Corp. by 16.4% in the fourth quarter. Nisa Investment Advisors now owns 136,319 shares of the railroad operator s stock worth $11,531,000 after buying an additional 19,240 shares during the period. McQueen, Ball & Associates acquired a new stake in Norfolk Southern Corp. during the fourth quarter worth $1,508,000. Community Bank & Trust of Waco, Texas acquired a new stake in Norfolk Southern Corp. during the fourth quarter worth $874,000. Finally, Prospera Financial Services acquired a new stake in Norfolk Southern Corp. during the fourth quarter worth $436,000. Shares of Norfolk Southern Corp. (NYSE:NSC) traded down 0.53% during mid-day trading on Tuesday, hitting $71.77. The stock had a trading volume of 1,786,596 shares. The firm has a 50 day moving average of $85.57 and a 200 day moving average of $83.08. The stock has a market cap of $21.43 billion and a price-to-earnings ratio of 12.96. Norfolk Southern Corp. has a one year low of $70.09 and a one year high of $112.05. Norfolk Southern Corp. (NYSE:NSC) last released its quarterly earnings results on Wednesday, October 28th. The railroad operator reported $1.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.41 by $0.16. During the same quarter last year, the company posted $1.79 EPS. The company had revenue of $2.71 billion for the quarter, compared to the consensus estimate of $2.72 billion. The business s revenue was down 10.3% compared to the same quarter last year. On average, analysts forecast that Norfolk Southern Corp. will post $5.18 earnings per share for the current year.
A number of other equities research analysts have also recently issued reports on NSC. BMO Capital Markets cut Norfolk Southern Corp. from an outperform rating to a market perform rating and set a $98.00 target price for the company. in a research report on Monday, November 23rd. They noted that the move was a valuation call. Cowen and Company cut their price objective on Norfolk Southern Corp. from $96.00 to $91.00 and set an outperform rating for the company in a research report on Monday, October 5th. Vetr downgraded Norfolk Southern Corp. from a strong-buy rating to a buy rating and set a $87.00 target price for the company. in a research note on Monday, October 5th. Zacks Investment Research downgraded Norfolk Southern Corp. from a hold rating to a sell rating in a research note on Monday, September 28th. Finally, Wolfe Research raised Norfolk Southern Corp. from a market perform rating to an outperform rating in a research report on Thursday, October 1st. Four investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and four have assigned a buy rating to the company s stock. The company presently has an average rating of Hold and an average price target 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( );
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