Norfolk Souther Corporation (NSC) Lifted to “Buy” at Wolfe Research

Norfolk Souther Corporation (NYSE:NSC) was upgraded by analysts at Wolfe Research from a “market perform” rating to a “buy” rating in a note issued to investors on Monday, August 7th. The firm presently has a $126.00 price objective on the railroad operator’s stock. Wolfe Research’s price objective indicates a potential upside of 6.21% from the company’s previous close.

A number of other research analysts have also issued reports on NSC. UBS AG reiterated a “buy” rating and set a $138.00 price target (up from $135.00) on shares of Norfolk Souther Corporation in a research note on Friday, April 28th. Cowen and Company reiterated an “outperform” rating and set a $130.00 price target on shares of Norfolk Souther Corporation in a research note on Tuesday, August 1st. Stephens reiterated an “overweight” rating and set a $140.00 price target (down from $147.00) on shares of Norfolk Souther Corporation in a research note on Thursday, July 27th. BidaskClub lowered shares of Norfolk Souther Corporation from a “sell” rating to a “strong sell” rating in a research note on Wednesday, August 2nd. Finally, Credit Suisse Group reiterated an “outperform” rating and set a $133.00 price target (down from $139.00) on shares of Norfolk Souther Corporation in a research note on Thursday, July 27th. They noted that the move was a valuation call. Four research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and nine have given a buy rating to the stock. Norfolk Souther Corporation presently has a consensus rating of “Hold” and a consensus target price of $112.35.

Norfolk Souther Corporation (NSC) traded up 0.96% during trading on Monday, hitting $118.63. The company had a trading volume of 1,448,245 shares. Norfolk Souther Corporation has a 52-week low of $89.92 and a 52-week high of $125.31. The firm’s 50 day moving average is $118.72 and its 200-day moving average is $118.14. The stock has a market capitalization of $34.19 billion, a price-to-earnings ratio of 19.28 and a beta of 1.33.

Norfolk Souther Corporation (NYSE:NSC) last posted its quarterly earnings data on Wednesday, July 26th. The railroad operator reported $1.71 EPS 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 analyst estimates of $2.64 billion. During the same period in the previous year, the business posted $1.36 earnings per share. Norfolk Souther Corporation’s quarterly revenue was up 7.5% on a year-over-year basis. On average, equities analysts forecast that Norfolk Souther Corporation will post $6.32 earnings per share for the current year.

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In related news, VP Thomas E. Hurlbut sold 802 shares of the company’s stock in a transaction that occurred on 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 of the company’s stock, valued at $501,122. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman James A. Squires sold 24,407 shares of the company’s stock in a transaction that occurred on 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 disclosure for this sale can be found here. Corporate insiders own 0.36% of the company’s stock.

Institutional investors have recently made changes to their positions in the stock. D Orazio & Associates Inc. increased its position in Norfolk Souther Corporation by 0.5% in the first quarter. D Orazio & Associates Inc. now owns 891 shares of the railroad operator’s stock worth $100,000 after buying an additional 4 shares in the last quarter. Harbour Capital Advisors LLC increased its position in Norfolk Souther Corporation by 12,069.6% in the second quarter. Harbour Capital Advisors LLC now owns 12,413 shares of the railroad operator’s stock worth $102,000 after buying an additional 12,311 shares in the last quarter. Krilogy Financial LLC increased its position in Norfolk Souther Corporation by 2.6% in the second quarter. Krilogy Financial LLC now owns 855 shares of the railroad operator’s stock worth $104,000 after buying an additional 22 shares in the last quarter. MCF Advisors LLC increased its position in Norfolk Souther Corporation by 31.4% in the first quarter. MCF Advisors LLC now owns 949 shares of the railroad operator’s stock worth $106,000 after buying an additional 227 shares in the last quarter. Finally, AlphaMark Advisors LLC increased its position in Norfolk Souther Corporation by 20.7% in the second quarter. AlphaMark Advisors LLC now owns 875 shares of the railroad operator’s stock worth $106,000 after buying an additional 150 shares in the last quarter. 70.51% of the stock is currently owned by institutional investors and hedge funds.

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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