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Norfolk Southern Corp. (NYSE:NSC) hit a new 52-week high on Tuesday , Stock Ratings News reports. The company traded as high as $98.57 and last traded at $97.84, with a volume of 713,741 shares changing hands. The stock had previously closed at $97.77.

A number of research firms have recently commented on NSC. Analysts at Credit Suisse reiterated an “outperform” rating on shares of Norfolk Southern Corp. in a research note on Thursday, April 24th. They now have a $109.00 price target on the stock. Separately, analysts at Macquarie initiated coverage on shares of Norfolk Southern Corp. in a research note on Thursday, April 10th. They set a “neutral” rating and a $99.00 price target on the stock. Finally, analysts at Robert W. Baird raised their price target on shares of Norfolk Southern Corp. from $102.00 to $107.00 in a research note on Wednesday, April 9th. Seven equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $99.95.

The stock’s 50-day moving average is $95.6 and its 200-day moving average is $92.15. The company has a market cap of $30.271 billion and a P/E ratio of 16.84.

Norfolk Southern Corp. (NYSE:NSC) last announced its earnings results on Wednesday, April 23rd. The company reported $1.17 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.15 by $0.02. The company had revenue of $2.70 billion for the quarter, compared to the consensus estimate of $2.74 billion. During the same quarter last year, the company posted $1.22 earnings per share. Norfolk Southern Corp.’s revenue was down 1.8% compared to the same quarter last year. Analysts expect that Norfolk Southern Corp. will post $6.28 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which is scheduled for Tuesday, June 10th. Investors of record on Friday, May 2nd will be given a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a yield of 2.21%. The ex-dividend date of this dividend is Wednesday, April 30th.

In other Norfolk Southern Corp. news, VP Deborah Butler sold 5,000 shares of the stock on the open market in a transaction dated Tuesday, May 13th. The stock was sold at an average price of $97.63, for a total transaction of $488,150.00. Following the completion of the sale, the vice president now directly owns 48,752 shares in the company, valued at approximately $4,759,658. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Norfolk Southern Corporation (NYSE:NSC) is a Virginia based company that controls a railroad, Norfolk Southern Railway Company.

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