Credit Suisse Maintains Norfolk Southern Corp. to Outperform with Price Target $97.00

Brokerage firm Credit Suisse Maintains its rating on Norfolk Southern Corp.(NYSE:NSC). In a research note issued to the investors, the brokerage major Lowers the price-target to $97.00 per share. The shares have been rated Outperform. The rating by Credit Suisse was issued on Jul 28, 2016.

In a different note, Oppenheimer said it Initiates Coverage on Norfolk Southern Corp., according to a research note issued on Jun 16, 2016. The shares have been rated ‘Market Perform’ by the firm. On Jun 3, 2016, Morgan Stanley said it Assumes its rating on Norfolk Southern Corp.. The shares have been rated ‘Underweight’ by the firm. CLSA said it Initiates Coverage on Norfolk Southern Corp., according to a research note issued on May 19, 2016. The shares have been rated ‘Outperform’ by the firm.

Norfolk Southern Corp. (NSC) shares turned negative on Thursdays trading session with the shares closing down -0.13 points or -0.15% at a volume of 16,84,839. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $88.31. The peak price level was also seen at $88.31 while the days lowest was $86.88. Finally the shares closed at $87.61. The 52-week high of the shares is $98.75 while the 52-week low is $64.51. According to the latest information available, the market cap of the company is $25,718 M.

Norfolk Southern Corp.(NSC) last announced its earnings results on Jul 27, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $2.45B. Analysts had an estimated revenue of $2.48B. Earnings per share were $1.36. Analysts had estimated an EPS of $1.36.

Several Insider Transactions has been reported to the SEC. On May 6, 2016, Thomas E Hurlbut (Vice President and Controller) sold 668 shares at $89.92 per share price.Also, On Apr 26, 2016, Cynthia C Earhart (Exec. VP – Admin. and CIO) sold 6,500 shares at $90.04 per share price.On Aug 14, 2015, Wesley G Bush (director) purchased 3,000 shares at $81.38 per share price, according to the Form-4 filing with the securities and exchange commission.

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 Company’s system reaches various individual industries electric generating facilities mines distribution centers transload facilities and other businesses located in its service area. The Company’s 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.

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