Norfolk Souther Corporation (NYSE:NSC) was upgraded by Wolfe Research from a “market perform” rating to a “buy” rating in a research note issued to investors on Monday. The brokerage currently has a $126.00 price target on the railroad operator’s stock. Wolfe Research’s price target would indicate a potential upside of 9.94% from the company’s previous close.

NSC has been the subject of several other reports. Zacks Investment Research raised shares of Norfolk Souther Corporation from a “hold” rating to a “buy” rating and set a $132.00 price target for the company in a report on Wednesday, May 3rd. ValuEngine raised shares of Norfolk Souther Corporation from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Credit Suisse Group reaffirmed an “outperform” rating and issued a $133.00 price target on shares of Norfolk Souther Corporation in a report on Sunday, May 28th. Deutsche Bank AG lowered shares of Norfolk Souther Corporation from a “buy” rating to a “hold” rating and decreased their price target for the company from $132.00 to $104.00 in a report on Monday, July 31st. Finally, TD Securities reaffirmed a “hold” rating on shares of Norfolk Souther Corporation in a report on Thursday, April 27th. Four research analysts have rated the stock with a sell rating, sixteen have given a hold rating and nine have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $112.17.

Shares of Norfolk Souther Corporation (NSC) traded up 1.05% during midday trading on Monday, hitting $115.81. 491,955 shares of the stock were exchanged. The company has a market cap of $33.37 billion, a PE ratio of 18.82 and a beta of 1.33. Norfolk Souther Corporation has a 12-month low of $87.61 and a 12-month high of $125.31. The firm has a 50-day moving average price of $119.52 and a 200-day moving average price of $118.08.

Norfolk Souther Corporation (NYSE:NSC) last posted its quarterly earnings results on Wednesday, July 26th. The railroad operator reported $1.71 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.65 by $0.06. Norfolk Souther Corporation had a net margin of 17.66% and a return on equity of 14.45%. The business had revenue of $2.64 billion during the quarter, compared to analyst estimates of $2.64 billion. During the same period in the previous year, the business posted $1.36 EPS. The company’s quarterly revenue was up 7.5% on a year-over-year basis. On average, equities analysts predict that Norfolk Souther Corporation will post $6.32 EPS for the current year.

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In other news, VP Thomas E. Hurlbut sold 1,427 shares of Norfolk Souther Corporation 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 approximately $596,525.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Thomas E. Hurlbut sold 802 shares of Norfolk Souther Corporation stock in a transaction that occurred on Thursday, May 25th. The stock was sold at an average price of $116.54, for a total transaction of $93,465.08. Following the completion of the transaction, the vice president now directly owns 4,300 shares in the company, valued at approximately $501,122. The disclosure for this sale can be found here. Insiders own 0.36% of the company’s stock.

Several institutional investors have recently made changes to their positions in the company. D Orazio & Associates Inc. boosted its position in shares of Norfolk Souther Corporation by 0.5% in the first quarter. D Orazio & Associates Inc. now owns 891 shares of the railroad operator’s stock valued at $100,000 after buying an additional 4 shares in the last quarter. MCF Advisors LLC boosted its position in shares of Norfolk Souther Corporation by 31.4% in the first quarter. MCF Advisors LLC now owns 949 shares of the railroad operator’s stock valued at $106,000 after buying an additional 227 shares in the last quarter. Parkside Financial Bank & Trust boosted its position in shares of Norfolk Souther Corporation by 35.3% in the first quarter. Parkside Financial Bank & Trust now owns 958 shares of the railroad operator’s stock valued at $107,000 after buying an additional 250 shares in the last quarter. Parallel Advisors LLC boosted its position in shares of Norfolk Souther Corporation by 29.2% in the first quarter. Parallel Advisors LLC now owns 974 shares of the railroad operator’s stock valued at $114,000 after buying an additional 220 shares in the last quarter. Finally, North Star Investment Management Corp. boosted its position in shares of Norfolk Souther Corporation by 5.0% in the second quarter. North Star Investment Management Corp. now owns 1,050 shares of the railroad operator’s stock valued at $128,000 after buying an additional 50 shares in the last quarter. 70.59% of the stock is currently owned by institutional investors.

Norfolk Souther Corporation Company Profile

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.

Analyst Recommendations for Norfolk Souther Corporation (NYSE:NSC)

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