Norfolk Souther Corporation (NYSE:NSC) has received a short term rating of hold from experts at Zacks with a rank of 3. The stock has been rated an average of 2.83 by 22 Brokerage Firm. 3 Wall Street Firms have rated the stock as a strong buys. 1 stock experts have also suggested a buy rating. 16 Brokerage Firms have advised hold. 2 Analysts have rated it as strong sell.
Other Equity analysts have also commented on the company shares. Oppenheimer initiates coverage on Norfolk Souther Corporation (NYSE:NSC) The current rating of the shares is Market Perform. The rating by the firm was issued on June 16, 2016.
Norfolk Souther Corporation (NYSE:NSC): 15 analysts have set the short term price target of Norfolk Souther Corporation (NYSE:NSC) at $87.7. The standard deviation of short term price target has been estimated at $11.79, implying that the actual price may fluctuate by this value. The higher and the lower price estimates are $ 102 and $65 respectively.
Norfolk Souther Corporation (NYSE:NSC) witnessed a decline in the market cap on Tuesday as its shares dropped 0.75% or 0.64 points. After the session commenced at $84.32, the stock reached the higher end at $85.54 while it hit a low of $84.32. With the volume soaring to 1,200,557 shares, the last trade was called at $85.01. The company has a 52-week high of $98.75. The company has a market cap of $25,141 million and there are 295,737,820 shares in outstanding. The 52-week low of the share price is $64.51.
Shares of Norfolk Southern Corporation appreciated by 2.67% during the last five trading days but lost 0.5% on a 4-week basis. Norfolk Southern Corporation is up 1.51% in the last 3-month period. Year-to-Date the stock performance stands at 2.07%.
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.