Norfolk Southern Corp. (NYSE:NSC) was downgraded by Avondale Partners to an “underperform” rating in a note issued to investors on Wednesday.

Several other research firms have also issued reports on NSC. Argus restated a “buy” rating on shares of Norfolk Southern Corp. in a research report on Wednesday, August 3rd. Loop Capital reiterated a “hold” rating on shares of Norfolk Southern Corp. in a research report on Friday, September 9th. Zacks Investment Research upgraded shares of Norfolk Southern Corp. from a “hold” rating to a “buy” rating and set a $109.00 target price on the stock in a research report on Friday, October 7th. Deutsche Bank AG decreased their target price on shares of Norfolk Southern Corp. from $90.00 to $89.00 and set a “hold” rating on the stock in a research report on Thursday, July 28th. Finally, Atlantic Securities started coverage on shares of Norfolk Southern Corp. in a research report on Thursday, August 11th. They set a “neutral” rating and a $104.00 target price on the stock. Four analysts have rated the stock with a sell rating, fourteen have issued a hold rating and nine have issued a buy rating to the company’s stock. Norfolk Southern Corp. has a consensus rating of “Hold” and an average target price of $90.98.

Analyst Recommendations for Norfolk Southern Corp. (NYSE:NSC)

Shares of Norfolk Southern Corp. (NYSE:NSC) opened at 94.67 on Wednesday. The firm has a market cap of $27.79 billion, a price-to-earnings ratio of 17.73 and a beta of 1.27. The company’s 50-day moving average is $93.82 and its 200 day moving average is $88.28. Norfolk Southern Corp. has a 1-year low of $64.51 and a 1-year high of $98.75.

Norfolk Southern Corp. (NYSE:NSC) last posted its quarterly earnings results on Wednesday, July 27th. The railroad operator reported $1.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.35 by $0.01. The company had revenue of $2.45 billion for the quarter, compared to analyst estimates of $2.51 billion. Norfolk Southern Corp. had a net margin of 15.88% and a return on equity of 13.34%. The business’s quarterly revenue was down 9.5% on a year-over-year basis. During the same period last year, the business posted $1.41 EPS. On average, equities research analysts expect that Norfolk Southern Corp. will post $5.46 EPS for the current fiscal year.

In related news, VP Thomas E. Hurlbut sold 528 shares of the stock in a transaction on Wednesday, August 3rd. The shares were sold at an average price of $88.35, for a total transaction of $46,648.80. Following the completion of the transaction, the vice president now owns 11,580 shares in the company, valued at $1,023,093. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Thomas E. Hurlbut sold 1,017 shares of the stock in a transaction on Wednesday, August 17th. The stock was sold at an average price of $89.30, for a total transaction of $90,818.10. Following the transaction, the vice president now owns 12,597 shares of the company’s stock, valued at approximately $1,124,912.10. The disclosure for this sale can be found here. Corporate insiders own 0.66% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Zions Bancorporation raised its stake in Norfolk Southern Corp. by 90.4% in the second quarter. Zions Bancorporation now owns 1,369 shares of the railroad operator’s stock valued at $116,000 after buying an additional 650 shares during the period. Independent Portfolio Consultants Inc. raised its stake in Norfolk Southern Corp. by 165.5% in the second quarter. Independent Portfolio Consultants Inc. now owns 1,460 shares of the railroad operator’s stock valued at $124,000 after buying an additional 910 shares during the period. ClariVest Asset Management LLC purchased a new stake in Norfolk Southern Corp. during the second quarter valued at about $125,000. Oakworth Capital Inc. raised its stake in Norfolk Southern Corp. by 46.5% in the second quarter. Oakworth Capital Inc. now owns 1,748 shares of the railroad operator’s stock valued at $147,000 after buying an additional 555 shares during the period. Finally, NN Investment Partners Holdings N.V. purchased a new stake in Norfolk Southern Corp. during the first quarter valued at about $158,000. Institutional investors and hedge funds own 67.90% of the company’s stock.

About Norfolk Southern Corp.

Norfolk Southern Corporation is a holding company engaged in the rail transportation business. The Company operates approximately 20,000 miles of road primarily in the East and Midwest. The Company is engaged in the rail transportation of raw materials, intermediate products and finished goods primarily in the Southeast, East and Midwest.

5 Day Chart for NYSE:NSC

Receive News & Stock Ratings for Norfolk Southern Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Norfolk Southern Corp. and related stocks with our FREE daily email newsletter.