Norfolk Southern (NYSE:NSC) had its price objective increased by Cowen from $143.00 to $165.00 in a report released on Thursday. The brokerage presently has an “outperform” rating on the railroad operator’s stock. Cowen’s target price indicates a potential upside of 10.04% from the company’s previous close.
Other equities analysts also recently issued research reports about the stock. UBS Group boosted their target price on shares of Norfolk Southern from $133.00 to $154.00 and gave the stock a “buy” rating in a research note on Thursday, October 26th. Credit Suisse Group reiterated a “buy” rating and set a $143.00 target price (up previously from $133.00) on shares of Norfolk Southern in a research note on Thursday, October 12th. They noted that the move was a valuation call. Argus boosted their target price on shares of Norfolk Southern from $145.00 to $150.00 and gave the stock a “buy” rating in a research note on Tuesday, October 31st. Zacks Investment Research upgraded shares of Norfolk Southern from a “hold” rating to a “buy” rating and set a $147.00 target price for the company in a research note on Wednesday, November 1st. Finally, ValuEngine upgraded shares of Norfolk Southern from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Three investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and eight have given a buy rating to the company’s stock. Norfolk Southern currently has an average rating of “Hold” and an average price target of $137.80.
Shares of Norfolk Southern (NYSE:NSC) opened at $149.94 on Thursday. Norfolk Southern has a 12-month low of $109.27 and a 12-month high of $157.15. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.73 and a current ratio of 0.83. The firm has a market capitalization of $42,910.00, a price-to-earnings ratio of 22.68, a PEG ratio of 1.65 and a beta of 1.37.
In related news, VP Thomas E. Hurlbut sold 6,175 shares of the stock in a transaction dated Wednesday, November 22nd. The shares were sold at an average price of $129.61, for a total transaction of $800,341.75. Following the completion of the transaction, the vice president now directly owns 7,568 shares of the company’s stock, valued at $980,888.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Thomas E. Hurlbut sold 2,370 shares of the stock in a transaction dated Wednesday, November 29th. The stock was sold at an average price of $134.71, for a total transaction of $319,262.70. Following the transaction, the vice president now directly owns 6,370 shares of the company’s stock, valued at $858,102.70. The disclosure for this sale can be found here. 0.36% of the stock is currently owned by corporate insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Krilogy Financial LLC raised its holdings in Norfolk Southern by 2.6% during the second quarter. Krilogy Financial LLC now owns 855 shares of the railroad operator’s stock worth $104,000 after purchasing an additional 22 shares in the last quarter. Sawyer & Company Inc purchased a new position in Norfolk Southern during the fourth quarter worth about $104,000. Harfst & Associates Inc. raised its holdings in Norfolk Southern by 58.8% during the second quarter. Harfst & Associates Inc. now owns 945 shares of the railroad operator’s stock worth $115,000 after purchasing an additional 350 shares in the last quarter. Atlantic Trust LLC purchased a new position in Norfolk Southern during the second quarter worth about $144,000. Finally, Advantage Investment Management LLC raised its holdings in Norfolk Southern by 43.6% during the third quarter. Advantage Investment Management LLC now owns 1,363 shares of the railroad operator’s stock worth $180,000 after purchasing an additional 414 shares in the last quarter. 72.56% of the stock is owned by hedge funds and other institutional investors.
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Norfolk Southern 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.
