Loop Capital Reiterates Hold Rating for Norfolk Southern Corp. (NSC)

Loop Capital reaffirmed their hold rating on shares of Norfolk Southern Corp. (NYSE:NSC) in a report published on Saturday.

Several other analysts also recently weighed in on NSC. Seaport Global Securities downgraded shares of Norfolk Southern Corp. from a buy rating to a neutral rating and lifted their target price for the company from $101.00 to $106.00 in a report on Monday, January 9th. They noted that the move was a valuation call. CLSA downgraded shares of Norfolk Southern Corp. from an outperform rating to an underperform rating in a report on Tuesday, January 10th. Buckingham Research assumed coverage on shares of Norfolk Southern Corp. in a report on Wednesday, January 18th. They set a neutral rating and a $104.00 price objective on the stock. Robert W. Baird reissued a neutral rating on shares of Norfolk Southern Corp. in a report on Friday, January 20th. Finally, Cowen and Company boosted their price objective on shares of Norfolk Southern Corp. from $116.00 to $130.00 and gave the stock an outperform rating in a report on Thursday, January 26th. Four equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating and eight have assigned a buy rating to the company’s stock. Norfolk Southern Corp. presently has a consensus rating of Hold and an average price target of $100.66.

Shares of Norfolk Southern Corp. (NYSE:NSC) traded up 0.48% during mid-day trading on Friday, reaching $116.37. The company’s stock had a trading volume of 2,081,261 shares. The firm’s 50 day moving average is $115.28 and its 200 day moving average is $109.55. Norfolk Southern Corp. has a one year low of $78.73 and a one year high of $125.00. The firm has a market cap of $33.81 billion, a PE ratio of 20.70 and a beta of 1.24.

Norfolk Southern Corp. (NYSE:NSC) last issued its earnings results on Wednesday, January 25th. The railroad operator reported $1.42 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.36 by $0.06. The business had revenue of $2.49 billion for the quarter, compared to the consensus estimate of $2.47 billion. Norfolk Southern Corp. had a net margin of 16.87% and a return on equity of 13.53%. The business’s quarterly revenue was down 1.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.20 earnings per share. On average, equities analysts anticipate that Norfolk Southern Corp. will post $6.18 earnings per share for the current fiscal year.

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In other Norfolk Southern Corp. news, VP Thomas E. Hurlbut sold 1,297 shares of the stock in a transaction on Friday, February 3rd. The shares were sold at an average price of $120.65, for a total transaction of $156,483.05. Following the transaction, the vice president now directly owns 7,041 shares in the company, valued at approximately $849,496.65. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP William Andrew Galanko sold 5,934 shares of the stock in a transaction on Monday, February 6th. The shares were sold at an average price of $119.13, for a total transaction of $706,917.42. Following the transaction, the senior vice president now owns 23,107 shares in the company, valued at $2,752,736.91. The disclosure for this sale can be found here. Insiders sold 60,415 shares of company stock valued at $7,253,630 over the last 90 days. Insiders own 0.66% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. QCI Asset Management Inc. NY increased its position in Norfolk Southern Corp. by 0.5% in the third quarter. QCI Asset Management Inc. NY now owns 1,152 shares of the railroad operator’s stock worth $112,000 after buying an additional 6 shares during the period. WealthTrust Arizona LLC increased its position in Norfolk Southern Corp. by 0.9% in the third quarter. WealthTrust Arizona LLC now owns 1,100 shares of the railroad operator’s stock worth $107,000 after buying an additional 10 shares during the period. Private Bank & Trust Co. increased its position in Norfolk Southern Corp. by 0.5% in the first quarter. Private Bank & Trust Co. now owns 2,010 shares of the railroad operator’s stock worth $225,000 after buying an additional 10 shares during the period. Alpha Windward LLC increased its position in Norfolk Southern Corp. by 0.6% in the third quarter. Alpha Windward LLC now owns 2,362 shares of the railroad operator’s stock worth $229,000 after buying an additional 14 shares during the period. Finally, Bronfman E.L. Rothschild L.P. increased its position in Norfolk Southern Corp. by 0.3% in the third quarter. Bronfman E.L. Rothschild L.P. now owns 4,885 shares of the railroad operator’s stock worth $474,000 after buying an additional 14 shares during the period. Hedge funds and other institutional investors own 70.02% of the company’s stock.

Norfolk Southern Corp. 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.

5 Day Chart for NYSE:NSC

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