Norfolk Souther Corporation (NYSE:NSC) : Zacks Investment Research ranks Norfolk Souther Corporation (NYSE:NSC) as 3, which is a Hold recommendation. 3 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 1 other analysts are mildly bullish on the stock and favor a Buy. 2 more believe that the stock has more downside risks, hence they propose a Strong Sell. A total of 16 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 22 research analysts is 2.83, which indicates as a Hold.
Norfolk Souther Corporation (NYSE:NSC) : Currently there are 15 street experts covering Norfolk Souther Corporation (NYSE:NSC) stock. The most bullish and bearish price target for the stock is $102 and $65 respectively for the short term. The average price target of all the analysts comes to $87.7. The estimated standard deviation from the target is $11.79.
Company shares have received an average consensus rating of Hold for the current week Also, Oppenheimer initiates coverage on Norfolk Souther Corporation (NYSE:NSC). The rating major has initiated the coverage with market perform rating on the shares. The rating by the firm was issued on June 16, 2016.
Norfolk Souther Corporation (NYSE:NSC): stock turned positive on Tuesday. Though the stock opened at $80.78, the bulls momentum made the stock top out at $82.45 level for the day. The stock recorded a low of $80.42 and closed the trading day at $82.23, in the green by 3.20%. The total traded volume for the day was 1,538,116. The stock had closed at $79.68 in the previous days trading.
In an insider trading activity,The officer (Vice President and Controller) of Norfolk Southern Corp, Hurlbut Thomas E sold 668 shares at $89.92 on May 5, 2016. The Insider selling transaction had a total value worth of $60,067. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
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.