Analyst Price Target Update on Norfolk Souther Corporation (NYSE:NSC)

Norfolk Souther Corporation (NYSE:NSC): 15 Analyst have given the stock of Norfolk Souther Corporation (NYSE:NSC) a near short term price target of $87.83. The standard deviation reading, which is a measure by which the stock price is expected to swing away from the mean estimate, is at $11.94. The higher price target estimate is at $102 while the lower price estimates are fixed at $65.

Many analysts have stated their opinion on the company shares. Equity Analysts at the Brokerage Firm, Morgan Stanley, assumes their rating on the shares of Norfolk Souther Corporation (NYSE:NSC). Morgan Stanley has a Underweight rating on the shares. The rating by the firm was issued on June 3, 2016. Company shares have received an average consensus rating of Hold for the current week

On the companys insider trading activities, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer (Vice President and Controller) of Norfolk Southern Corp, Hurlbut Thomas E had sold 668 shares worth of $60,067 in a transaction dated May 5, 2016. In this transaction, 668 shares were sold at $89.92 per share.

Norfolk Souther Corporation (NYSE:NSC) stock ended Monday session in the red zone in a volatile trading. The stock closed down 0.86 points or 1.02% at $83.23 with 1,617,000 shares getting traded. Post opening the session at $84, the shares hit an intraday low of $83.21 and an intraday high of $84.4 and the price was in this range throughout the day. The company has a market cap of $24,614 million and the number of outstanding shares have been calculated to be 295,737,820 shares. The 52-week high of Norfolk Souther Corporation (NYSE:NSC) is $98.75 and the 52-week low is $64.51.

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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.