Norfolk Souther Corporation (NSC) Stock Rating Reaffirmed by Cowen and Company

Norfolk Souther Corporation (NYSE:NSC)‘s stock had its “outperform” rating reissued by Cowen and Company in a research note issued to investors on Tuesday, August 1st. They presently have a $130.00 target price on the railroad operator’s stock. Cowen and Company’s target price indicates a potential upside of 11.53% from the company’s previous close.

Other equities analysts have also recently issued research reports about the stock. Scotiabank cut shares of Norfolk Souther Corporation from a “sector outperform” rating to a “sector perform” rating in a research report on Thursday, July 6th. Zacks Investment Research upgraded shares of Norfolk Souther Corporation from a “hold” rating to a “buy” rating and set a $134.00 price target on the stock in a research report on Tuesday, June 27th. UBS AG reissued a “buy” rating and set a $138.00 price objective (up previously from $135.00) on shares of Norfolk Souther Corporation in a research note on Friday, April 28th. Stifel Nicolaus boosted their price objective on shares of Norfolk Souther Corporation from $114.00 to $122.00 and gave the stock a “hold” rating in a research note on Monday, May 1st. Finally, BidaskClub lowered shares of Norfolk Souther Corporation from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. Four analysts have rated the stock with a sell rating, fifteen have given a hold rating and nine have assigned a buy rating to the company. Norfolk Souther Corporation presently has an average rating of “Hold” and an average target price of $112.65.

Norfolk Souther Corporation (NYSE:NSC) traded up 0.97% during trading on Tuesday, reaching $116.56. The company’s stock had a trading volume of 1,101,405 shares. The stock has a market cap of $33.59 billion, a P/E ratio of 18.94 and a beta of 1.33. The firm’s 50-day moving average is $118.78 and its 200-day moving average is $118.14. Norfolk Souther Corporation has a 52-week low of $88.07 and a 52-week high of $125.31.

Norfolk Souther Corporation (NYSE:NSC) last issued its earnings results on Wednesday, July 26th. The railroad operator reported $1.71 EPS for the quarter, topping analysts’ consensus estimates of $1.65 by $0.06. The company had revenue of $2.64 billion for the quarter, compared to analysts’ expectations of $2.64 billion. Norfolk Souther Corporation had a net margin of 17.66% and a return on equity of 14.45%. The firm’s revenue was up 7.5% compared to the same quarter last year. During the same quarter last year, the company earned $1.36 EPS. Equities research analysts forecast that Norfolk Souther Corporation will post $6.32 EPS for the current year.

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In related news, VP Thomas E. Hurlbut sold 802 shares of the stock in a transaction on Thursday, May 25th. The stock was sold at an average price of $116.54, for a total transaction of $93,465.08. Following the completion of the sale, the vice president now directly owns 4,300 shares of the company’s stock, valued at $501,122. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.36% of the stock is owned by company insiders.

A number of large investors have recently added to or reduced their stakes in the stock. AlphaMark Advisors LLC increased its stake in Norfolk Souther Corporation by 20.7% in the second quarter. AlphaMark Advisors LLC now owns 875 shares of the railroad operator’s stock worth $106,000 after buying an additional 150 shares during the period. D Orazio & Associates Inc. boosted its position in shares of Norfolk Souther Corporation by 0.5% in the first quarter. D Orazio & Associates Inc. now owns 891 shares of the railroad operator’s stock worth $100,000 after buying an additional 4 shares in the last quarter. Harfst & Associates Inc. boosted its position in shares of Norfolk Souther Corporation by 58.8% in the second quarter. Harfst & Associates Inc. now owns 945 shares of the railroad operator’s stock worth $115,000 after buying an additional 350 shares in the last quarter. MCF Advisors LLC boosted its position in shares of Norfolk Souther Corporation by 31.4% in the first quarter. MCF Advisors LLC now owns 949 shares of the railroad operator’s stock worth $106,000 after buying an additional 227 shares in the last quarter. Finally, Parkside Financial Bank & Trust boosted its position in shares of Norfolk Souther Corporation by 35.3% in the first quarter. Parkside Financial Bank & Trust now owns 958 shares of the railroad operator’s stock worth $107,000 after buying an additional 250 shares in the last quarter. 70.59% of the stock is owned by institutional investors.

About Norfolk Souther Corporation

Norfolk Southern Corporation is a holding company engaged in the rail transportation business. As of December 31, 2016, the Company operated approximately 19,500 miles of road primarily in the East and Midwest. The Company is engaged in the rail transportation of raw materials, intermediate products and finished goods primarily in the Southeast, East and Midwest.

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