Insider Selling: Mark D. Manion Sells 32,030 Shares of Norfolk Southern Corp. Stock (NSC)
Norfolk Southern Corp. (NYSE:NSC) COO Mark D. Manion sold 32,030 shares of the stock on the open market in a transaction dated Friday, June 6th. The shares were sold at an average price of $101.55, for a total value of $3,252,646.50. Following the completion of the transaction, the chief operating officer now directly owns 28,512 shares in the company, valued at approximately $2,895,394. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
A number of analysts have recently weighed in on NSC shares. Analysts at Bank of America reiterated a “buy” rating on shares of Norfolk Southern Corp. in a research note on Monday, June 2nd. They now have a $103.00 price target on the stock, down previously from $113.00. Separately, 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. Finally, 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. Seven equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $100.10.
Norfolk Southern Corp. (NYSE:NSC) traded up 0.63% on Monday, hitting $102.40. The stock had a trading volume of 1,333,390 shares. Norfolk Southern Corp. has a 52-week low of $70.27 and a 52-week high of $101.94. The stock’s 50-day moving average is $97.11 and its 200-day moving average is $93.32. The company has a market cap of $31.708 billion and a price-to-earnings ratio of 17.52.
Norfolk Southern Corp. (NYSE:NSC) last issued its quarterly earnings data on Wednesday, April 23rd. The company reported $1.17 EPS for the quarter, beating the Thomson Reuters 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 in the prior year, the company posted $1.22 earnings per share. The company’s quarterly revenue was down 1.8% on a year-over-year basis. On average, analysts predict that Norfolk Southern Corp. will post $6.29 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.