Norfolk Southern Corp. PT Raised to $79.00 at Sanford C. Bernstein (NSC)
Equities researchers at Sanford C. Bernstein increased their price objective on shares of Norfolk Southern Corp. (NYSE:NSC) from $72.00 to $79.00 in a research report issued on Wednesday, American Banking and Market News reports. The firm currently has a “market perform” rating on the stock. Sanford C. Bernstein’s price target would suggest a potential upside of 0.61% from the company’s current price.
Norfolk Southern Corp. (NYSE:NSC) traded up 0.37% during mid-day trading on Wednesday, hitting $78.52. 1,843,067 shares of the company’s stock traded hands. Norfolk Southern Corp. has a 52-week low of $56.05 and a 52-week high of $81.00. The stock has a 50-day moving average of $75.26 and a 200-day moving average of $75.63. The company has a market cap of $24.494 billion and a price-to-earnings ratio of 14.46.
Norfolk Southern Corp. (NYSE:NSC) last issued its quarterly earnings data on Tuesday, July 23rd. The company reported $1.46 EPS for the quarter, missing the Thomson Reuters consensus estimate of $1.49 by $0.03. The company had revenue of $2.80 billion for the quarter, compared to the consensus estimate of $2.85 billion. During the same quarter in the prior year, the company posted $1.60 earnings per share. The company’s quarterly revenue was down 2.5% on a year-over-year basis. On average, analysts predict that Norfolk Southern Corp. will post $5.50 earnings per share for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at Avondale Partners upgraded shares of Norfolk Southern Corp. (NYSE:NSC) from a “market perform” rating to an “outperform” rating in a research note to investors on Wednesday. Separately, analysts at RBC Capital reiterated a “buy” rating on shares of Norfolk Southern Corp. (NYSE:NSC) in a research note to investors on Thursday, September 19th. They now have a $84.00 price target on the stock. Finally, analysts at Raymond James raised their price target on shares of Norfolk Southern Corp. (NYSE:NSC) from $80.00 to $82.00 in a research note to investors on Thursday, September 19th. They now have an “outperform” rating on the stock. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and fifteen have given a buy rating to the company’s stock. Norfolk Southern Corp. currently has a consensus rating of “Buy” and an average target price of $82.76.
Norfolk Southern Corporation (NYSE:NSC) is a Virginia based company that controls a railroad, Norfolk Southern Railway Company.
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