Norfolk Southern (NYSE:NSC) had its target price lifted by research analysts at Loop Capital to $210.00 in a note issued to investors on Monday, The Fly reports. The brokerage currently has a “buy” rating on the railroad operator’s stock. Loop Capital’s price target would indicate a potential upside of 18.68% from the stock’s previous close.
A number of other research firms have also issued reports on NSC. Credit Suisse Group decreased their price objective on Norfolk Southern from $188.00 to $187.00 and set an “outperform” rating on the stock in a research note on Thursday, October 25th. Zacks Investment Research lowered Norfolk Southern from a “buy” rating to a “hold” rating in a research note on Tuesday, December 11th. Argus reiterated a “buy” rating on shares of Norfolk Southern in a research note on Thursday, January 3rd. JPMorgan Chase & Co. upgraded Norfolk Southern from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $198.00 to $203.00 in a research note on Tuesday, December 18th. Finally, Bank of America lowered Norfolk Southern from a “buy” rating to a “neutral” rating and set a $182.00 price objective on the stock. in a research note on Thursday, October 18th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and eleven have given a buy rating to the company’s stock. Norfolk Southern has an average rating of “Hold” and a consensus price target of $176.63.
Shares of NSC traded up $5.49 during mid-day trading on Monday, hitting $176.95. The stock had a trading volume of 4,588,104 shares, compared to its average volume of 2,163,057. The firm has a market cap of $46.70 billion, a PE ratio of 18.61, a PEG ratio of 1.58 and a beta of 1.38. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.72 and a quick ratio of 0.64. Norfolk Southern has a 52 week low of $127.79 and a 52 week high of $186.91.
Institutional investors have recently bought and sold shares of the stock. Commonwealth Equity Services LLC boosted its holdings in shares of Norfolk Southern by 1.5% in the 4th quarter. Commonwealth Equity Services LLC now owns 106,887 shares of the railroad operator’s stock worth $15,984,000 after purchasing an additional 1,591 shares in the last quarter. AlphaCrest Capital Management LLC purchased a new position in shares of Norfolk Southern in the 4th quarter worth about $271,000. Bank of Nova Scotia boosted its holdings in shares of Norfolk Southern by 13.4% in the 4th quarter. Bank of Nova Scotia now owns 133,857 shares of the railroad operator’s stock worth $20,017,000 after purchasing an additional 15,839 shares in the last quarter. TrinityPoint Wealth LLC purchased a new position in shares of Norfolk Southern in the 4th quarter worth about $216,000. Finally, Citizens Financial Group Inc RI boosted its holdings in shares of Norfolk Southern by 7.7% in the 4th quarter. Citizens Financial Group Inc RI now owns 5,335 shares of the railroad operator’s stock worth $797,000 after purchasing an additional 382 shares in the last quarter. Institutional investors and hedge funds own 81.25% of the company’s stock.
About Norfolk Southern
Norfolk Southern Corporation, together with its subsidiaries, engages in the rail transportation of raw materials, intermediate products, and finished goods. It also transports overseas freight through various Atlantic and Gulf Coast ports, as well as coal, automotive, and industrial products; and provides commuter passenger services.
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