Norfolk Southern Corp. Sets New 12-Month High at $103.38 (NSC)
Norfolk Southern Corp. (NYSE:NSC) shares hit a new 52-week high during trading on Thursday , Analyst Ratings Net reports. The company traded as high as $103.38 and last traded at $103.24, with a volume of 371,581 shares trading hands. The stock had previously closed at $102.82.
A number of research firms have recently commented on NSC. Analysts at BMO Capital Markets raised their price target on shares of Norfolk Southern Corp. from $106.00 to $110.00 in a research note on Monday. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Norfolk Southern Corp. in a research note on Thursday, June 12th. They now have a $107.00 price target on the stock. Finally, 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. Seven analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $100.60.
The stock has a 50-day moving average of $98.43 and a 200-day moving average of $94.22. The company has a market cap of $31.943 billion and a price-to-earnings ratio of 17.71.
Norfolk Southern Corp. (NYSE:NSC) last issued its quarterly earnings data on Wednesday, April 23rd. The company reported $1.17 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $1.22 earnings per share. The company’s revenue for the quarter was down 1.8% on a year-over-year basis. On average, analysts predict that Norfolk Southern Corp. will post $6.30 earnings per share for the current fiscal year.
In other Norfolk Southern Corp. news, COO Mark D. Manion unloaded 32,030 shares of Norfolk Southern Corp. stock on the open market in a transaction that occurred on Friday, June 6th. The shares were sold at an average price of $101.55, for a total transaction of $3,252,646.50. The sale was disclosed in a 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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