Norfolk Souther Corporation (NYSE:NSC) has earned an average rating of “Hold” from the twenty-eight research firms that are covering the company, Marketbeat.com reports. Four research analysts have rated the stock with a sell recommendation, fifteen have given a hold recommendation and nine have assigned a buy recommendation to the company. The average 1 year target price among brokers that have covered the stock in the last year is $111.00.

Several analysts have commented on NSC shares. Zacks Investment Research upgraded shares of Norfolk Souther Corporation from a “hold” rating to a “buy” rating and set a $132.00 price target on the stock in a research note on Wednesday, May 3rd. Deutsche Bank AG boosted their price target on shares of Norfolk Souther Corporation from $126.00 to $132.00 and gave the stock a “buy” rating in a research note on Friday, April 28th. Stifel Nicolaus boosted their price target on shares of Norfolk Souther Corporation from $114.00 to $122.00 and gave the stock a “hold” rating in a research note on Monday, May 1st. TD Securities reiterated a “hold” rating on shares of Norfolk Souther Corporation in a research note on Thursday, April 27th. Finally, ValuEngine upgraded shares of Norfolk Souther Corporation from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd.

In related news, Chairman James A. Squires sold 24,407 shares of the company’s stock in a transaction dated Tuesday, August 15th. The shares were sold at an average price of $119.95, for a total transaction of $2,927,619.65. Following the transaction, the chairman now directly owns 76,481 shares in the company, valued at approximately $9,173,895.95. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Thomas E. Hurlbut sold 802 shares of the company’s stock in a transaction dated Thursday, May 25th. The shares were sold at an average price of $116.54, for a total transaction of $93,465.08. Following the transaction, the vice president now owns 4,300 shares in the company, valued at $501,122. The disclosure for this sale can be found here. Corporate insiders own 0.36% of the company’s stock.

Institutional investors have recently modified their holdings of the stock. D Orazio & Associates Inc. increased 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 during the last quarter. QCI Asset Management Inc. NY increased its position in shares of Norfolk Souther Corporation by 0.5% in the second quarter. QCI Asset Management Inc. NY now owns 1,099 shares of the railroad operator’s stock worth $134,000 after buying an additional 5 shares in the last quarter. Lee Danner & Bass Inc. increased its position in shares of Norfolk Souther Corporation by 0.3% in the first quarter. Lee Danner & Bass Inc. now owns 2,292 shares of the railroad operator’s stock worth $257,000 after buying an additional 7 shares in the last quarter. Alexandria Capital LLC increased its position in shares of Norfolk Souther Corporation by 0.4% in the second quarter. Alexandria Capital LLC now owns 1,865 shares of the railroad operator’s stock worth $227,000 after buying an additional 7 shares in the last quarter. Finally, Guardian Life Insurance Co. of America increased its position in shares of Norfolk Souther Corporation by 0.7% in the first quarter. Guardian Life Insurance Co. of America now owns 1,126 shares of the railroad operator’s stock worth $126,000 after buying an additional 8 shares in the last quarter. Institutional investors own 70.51% of the company’s stock.

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Norfolk Souther Corporation (NYSE NSC) traded up 0.96% on Friday, reaching $118.63. The company had a trading volume of 1,448,245 shares. Norfolk Souther Corporation has a 12-month low of $89.92 and a 12-month high of $125.31. The stock’s 50 day moving average price is $118.75 and its 200-day moving average price is $118.15. The stock has a market capitalization of $34.19 billion, a PE ratio of 19.28 and a beta of 1.33.

Norfolk Souther Corporation (NYSE:NSC) last released its earnings results on Wednesday, July 26th. The railroad operator reported $1.71 earnings per share for the quarter, beating analysts’ consensus estimates 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 company had revenue of $2.64 billion for the quarter, compared to analysts’ expectations of $2.64 billion. During the same quarter in the previous year, the company earned $1.36 EPS. Norfolk Souther Corporation’s revenue for the quarter was up 7.5% on a year-over-year basis. Equities analysts expect that Norfolk Souther Corporation will post $6.32 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Monday, September 11th. Investors of record on Monday, August 7th will be issued a dividend of $0.61 per share. The ex-dividend date of this dividend is Thursday, August 3rd. This represents a $2.44 annualized dividend and a yield of 2.06%. Norfolk Souther Corporation’s payout ratio is 39.61%.

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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