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Norfolk Southern Corp. (NYSE:NSC) shares reached a new 52-week high on Monday , American Banking News.com reports. The stock traded as high as $102.89 and last traded at $102.35, with a volume of 434,645 shares traded. The stock had previously closed at $101.76.

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 analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $100.10.

The stock has a 50-day moving average of $97.11 and a 200-day moving average of $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 released its earnings data 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 $6.29 EPS for the current fiscal year.

In other Norfolk Southern Corp. news, COO Mark D. Manion sold 32,030 shares of the stock in a transaction dated Friday, June 6th. The stock was sold at an average price of $101.55, for a total transaction of $3,252,646.50. The sale was disclosed in a legal filing 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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