Norfolk Southern Corp. (NYSE:NSC) has been assigned a consensus recommendation of “Hold” from the twenty-four brokerages that are covering the firm, Marketbeat reports. Four analysts have rated the stock with a sell recommendation, twelve have issued a hold recommendation and eight have assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $132.20.

Several brokerages have recently weighed in on NSC. Loop Capital boosted their price objective on shares of Norfolk Southern to $144.00 and gave the stock a “sell” rating in a research report on Friday. Scotiabank upgraded shares of Norfolk Southern from a “sector perform” rating to a “buy” rating and set a $165.00 price objective for the company in a research report on Friday. Wells Fargo & Co downgraded shares of Norfolk Southern from an “outperform” rating to a “market perform” rating in a research report on Monday, October 16th. Aegis restated a “hold” rating and set a $125.00 price objective (up previously from $120.00) on shares of Norfolk Southern in a research report on Tuesday, October 10th. Finally, Citigroup boosted their price objective on shares of Norfolk Southern from $124.00 to $135.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 4th.

In other Norfolk Southern news, COO Michael Joseph Wheeler sold 3,568 shares of the company’s stock in a transaction on Thursday, October 26th. The shares were sold at an average price of $133.00, for a total transaction of $474,544.00. Following the completion of the transaction, the chief operating officer now owns 15,837 shares in the company, valued at approximately $2,106,321. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Thomas E. Hurlbut sold 6,175 shares of the company’s stock in a transaction on Wednesday, November 22nd. The stock was sold at an average price of $129.61, for a total transaction of $800,341.75. Following the transaction, the vice president now owns 7,568 shares of the company’s stock, valued at approximately $980,888.48. The disclosure for this sale can be found here. In the last quarter, insiders sold 12,113 shares of company stock valued at $1,594,148. 0.36% of the stock is owned by insiders.

A number of institutional investors have recently made changes to their positions in the business. Indiana Trust & Investment Management CO acquired a new position in shares of Norfolk Southern during the 4th quarter worth $207,000. Sawyer & Company Inc acquired a new position in shares of Norfolk Southern during the 4th quarter worth $104,000. Rockland Trust Co. grew its stake in shares of Norfolk Southern by 27.7% during the 4th quarter. Rockland Trust Co. now owns 3,476 shares of the railroad operator’s stock worth $504,000 after purchasing an additional 755 shares during the period. Prudential Financial Inc. grew its stake in shares of Norfolk Southern by 61.2% during the 3rd quarter. Prudential Financial Inc. now owns 1,143,908 shares of the railroad operator’s stock worth $151,270,000 after purchasing an additional 434,160 shares during the period. Finally, Atlantic Trust Group LLC grew its stake in shares of Norfolk Southern by 11.7% during the 3rd quarter. Atlantic Trust Group LLC now owns 133,747 shares of the railroad operator’s stock worth $17,687,000 after purchasing an additional 14,060 shares during the period. Institutional investors own 72.45% of the company’s stock.

Shares of Norfolk Southern (NYSE:NSC) traded up $0.31 during trading hours on Monday, hitting $154.34. 1,850,800 shares of the stock traded hands, compared to its average volume of 1,419,478. The stock has a market cap of $44,160.00, a P/E ratio of 24.54, a PEG ratio of 1.71 and a beta of 1.37. The company has a quick ratio of 0.73, a current ratio of 0.83 and a debt-to-equity ratio of 0.73. Norfolk Southern has a twelve month low of $105.89 and a twelve month high of $156.08.

Norfolk Southern (NYSE:NSC) last issued its quarterly earnings data on Wednesday, October 25th. The railroad operator reported $1.75 earnings per share for the quarter, topping the consensus estimate of $1.64 by $0.11. The business had revenue of $2.67 billion during the quarter, compared to the consensus estimate of $2.65 billion. Norfolk Southern had a net margin of 17.86% and a return on equity of 14.72%. The company’s revenue was up 5.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.55 EPS. equities research analysts expect that Norfolk Southern will post 6.48 EPS for the current fiscal year.

Norfolk Southern announced that its board has approved a stock repurchase plan on Tuesday, September 26th that allows the company to repurchase 50,000,000 shares. This repurchase authorization allows the railroad operator to reacquire shares of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board of directors believes its shares are undervalued.

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About Norfolk Southern

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 Southern (NYSE:NSC)

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