Norfolk Southern Corp. Stock Rating Upgraded by Avondale Partners (NSC)
Norfolk Southern Corp. (NYSE:NSC) was upgraded by analysts at Avondale Partners from a “market perform” rating to an “outperform” rating in a research report issued to clients and investors on Wednesday, TheFlyOnTheWall.com reports.
A number of other firms have also recently commented on NSC. 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. Separately, 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. Finally, analysts at Stifel Nicolaus cut their price target on shares of Norfolk Southern Corp. (NYSE:NSC) from $88.00 to $87.00 in a research note to investors on Thursday, July 25th. They now have a “buy” rating on the stock. Two investment 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. The company presently has an average rating of “Buy” and a consensus price target of $82.43.
Shares of Norfolk Southern Corp. (NYSE:NSC) traded down 0.31% during mid-day trading on Wednesday, hitting $77.99. 167,830 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’s 50-day moving average is $75.26 and its 200-day moving average is $75.63. The company has a market cap of $24.329 billion and a P/E ratio of 14.46.
Norfolk Southern Corp. (NYSE:NSC) last announced its earnings results on Tuesday, July 23rd. The company reported $1.46 earnings per share for the quarter, missing the analysts’ 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 last year, the company posted $1.60 earnings per share. Norfolk Southern Corp.’s revenue was down 2.5% compared to the same quarter last year. On average, analysts predict that Norfolk Southern Corp. will post $5.50 earnings per share for the current fiscal year.
Norfolk Southern Corporation (NYSE:NSC) is a Virginia based company that controls a railroad, Norfolk Southern Railway Company.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.