Norfolk Souther Corporation (NYSE:NSC)‘s stock had its “outperform” rating reissued by Credit Suisse Group in a research report issued to clients and investors on Thursday, The Fly reports. They presently have a $139.00 target price on the railroad operator’s stock, up from their prior target price of $133.00. Credit Suisse Group’s target price points to a potential upside of 12.10% from the company’s previous close. The analysts noted that the move was a valuation call.

A number of other analysts have also recently issued reports on NSC. UBS AG reiterated a “buy” rating and set a $138.00 target price (up previously from $135.00) on shares of Norfolk Souther Corporation in a report on Friday, April 28th. Cowen and Company reiterated a “buy” rating and set a $130.00 target price on shares of Norfolk Souther Corporation in a report on Tuesday, July 11th. Scotiabank cut Norfolk Souther Corporation from a “sector outperform” rating to a “sector perform” rating in a report on Thursday, July 6th. Zacks Investment Research upgraded Norfolk Souther Corporation from a “hold” rating to a “buy” rating and set a $133.00 target price for the company in a report on Tuesday, June 13th. Finally, ValuEngine upgraded Norfolk Souther Corporation from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Three equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and nine have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $111.56.

Norfolk Souther Corporation (NYSE NSC) traded up 1.15% on Thursday, hitting $124.00. 818,781 shares of the stock traded hands. The firm’s 50-day moving average price is $118.79 and its 200-day moving average price is $116.32. The stock has a market cap of $35.93 billion, a price-to-earnings ratio of 21.33 and a beta of 1.35. Norfolk Souther Corporation has a 12-month low of $86.88 and a 12-month high of $125.31.

Norfolk Souther Corporation (NYSE:NSC) last issued its earnings results on Wednesday, April 26th. The railroad operator reported $1.48 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.36 by $0.12. Norfolk Souther Corporation had a return on equity of 13.82% and a net margin of 17.07%. The business had revenue of $2.58 billion during the quarter, compared to analysts’ expectations of $2.55 billion. During the same quarter in the previous year, the business earned $1.29 EPS. The company’s revenue for the quarter was up 6.4% on a year-over-year basis. On average, equities research analysts anticipate that Norfolk Souther Corporation will post $6.37 EPS for the current fiscal year.

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In other news, VP Thomas E. Hurlbut sold 571 shares of the stock in a transaction that occurred on Friday, April 28th. The stock was sold at an average price of $117.66, for a total transaction of $67,183.86. Following the completion of the transaction, the vice president now directly owns 6,529 shares in the company, valued at approximately $768,202.14. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, VP Thomas E. Hurlbut sold 1,427 shares of the stock in a transaction that occurred on Friday, May 12th. The shares were sold at an average price of $116.92, for a total value of $166,844.84. Following the transaction, the vice president now owns 5,102 shares of the company’s stock, valued at $596,525.84. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 2,800 shares of company stock valued at $327,494. Company insiders own 0.36% of the company’s stock.

Several large investors have recently bought and sold shares of the stock. Comprehensive Portfolio Management LLC purchased a new stake in Norfolk Souther Corporation during the fourth quarter valued at about $846,000. Wills Financial Group Inc. raised its stake in Norfolk Souther Corporation by 8.5% in the fourth quarter. Wills Financial Group Inc. now owns 8,656 shares of the railroad operator’s stock valued at $935,000 after buying an additional 678 shares in the last quarter. GSB Wealth Management LLC purchased a new stake in Norfolk Souther Corporation during the fourth quarter valued at about $366,000. Luminus Management LLC purchased a new stake in Norfolk Souther Corporation during the fourth quarter valued at about $123,732,000. Finally, Numeric Investors LLC purchased a new stake in Norfolk Souther Corporation during the fourth quarter valued at about $292,000. 70.14% of the stock is currently owned by institutional investors and hedge funds.

About Norfolk Souther Corporation

Norfolk Southern Corporation is a holding company engaged in the rail transportation business. As of December 31, 2016, the Company operated approximately 19,500 miles of road primarily in the East and Midwest. The Company is engaged in the rail transportation of raw materials, intermediate products and finished goods primarily in the Southeast, East and Midwest.

The Fly

Analyst Recommendations for Norfolk Souther Corporation (NYSE:NSC)

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