Norfolk Souther Corporation (NSC) : The consensus on Norfolk Souther Corporation (NSC) based on 22 analyst recommendation on the company stock is 2.83, which is interpreted as a Hold recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 3 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 1 analyst believes that the stock is a Buy, which can produce decent returns in the future. 16 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 2 analyst sees the stock overvalued at current levels and advises a Strong Sell on the stock.
Norfolk Souther Corporation (NSC) : 15 investment research analysts covering Norfolk Souther Corporation (NSC) have an average price target of $87.7 for the near short term. The highest target price given by the Brokerage Firm to the stock is $102 and the lowest target is $65 for the short term. Analysts expect the variance to be within $11.79 of the average price.
Norfolk Souther Corporation (NYSE:NSC): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $83.83 and $83.30 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $85.26. The buying momentum continued till the end and the stock did not give up its gains. It closed at $84.95, notching a gain of 1.25% for the day. The total traded volume was 1,838,970 . The stock had closed at $83.90 on the previous day.
Also, Oppenheimer initiates coverage on Norfolk Souther Corporation (NYSE:NSC). Oppenheimer has a Market Perform rating on the shares. The rating by the firm was issued on June 16, 2016. The company shares have dropped -1.76% from its 1 Year high price. On Nov 20, 2015, the shares registered one year high at $98.75 and the one year low was seen on Feb 3, 2016. The 50-Day Moving Average price is $84.13 and the 200 Day Moving Average price is recorded at $80.76.
Norfolk Southern Corporation is a holding company. The Company owns a freight railroad, Norfolk Southern Railway Company. The Company is engaged in the rail transportation of raw materials, intermediate products and finished goods primarily in the Southeast, East and Midwest and through interchange with rail carriers, to and from the rest of the United States. The Company also transports overseas freight through various Atlantic and Gulf Coast ports. It provides logistics services and offers an intermodal network in the eastern half of the United States. The Companys system reaches various individual industries, electric generating facilities, mines, distribution centers, transload facilities and other businesses located in its service area. The Companys general merchandise market group is composed of five commodity groupings: chemicals; metals and construction; agriculture, consumer products, and Government; automotive, and paper, clay and forest products.