Norfolk Southern Corp. Price Target Increased to $114.00 by Analysts at Robert W. Baird (NSC)
Robert W. Baird lifted their target price on shares of Norfolk Southern Corp. (NYSE:NSC) from $108.00 to $114.00 in a research note issued on Tuesday. Robert W. Baird’s target price indicates a potential upside of 11.01% from the company’s current price.
NSC has been the subject of a number of other recent research reports. Analysts at Barclays upgraded shares of Norfolk Southern Corp. from an “equal weight” rating to an “overweight” rating in a research note on Monday, June 30th. They now have a $112.00 price target on the stock, up previously from $110.00. Separately, analysts at Citigroup Inc. reiterated a “neutral” rating on shares of Norfolk Southern Corp. in a research note on Friday, June 27th. They now have a $107.00 price target on the stock, up previously from $95.00. Finally, analysts at FBR Capital Markets raised their price target on shares of Norfolk Southern Corp. from $115.00 to $125.00 in a research note on Tuesday, June 24th. They now have an “outperform” rating on the stock. Seven research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $103.25.
Shares of Norfolk Southern Corp. (NYSE:NSC) traded down 0.52% on Tuesday, hitting $102.69. The stock had a trading volume of 1,393,778 shares. Norfolk Southern Corp. has a one year low of $71.86 and a one year high of $104.63. The stock has a 50-day moving average of $101. and a 200-day moving average of $95.59. The company has a market cap of $31.798 billion and a price-to-earnings ratio of 17.78.
Norfolk Southern Corp. (NYSE:NSC) last released its 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 $6.34 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.
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