Norfolk Souther Corporation (NYSE:NSC) was upgraded by stock analysts at ValuEngine from a “hold” rating to a “buy” rating in a research note issued on Friday.

NSC has been the topic of several other reports. Credit Suisse Group reaffirmed an “outperform” rating and set a $133.00 price target on shares of Norfolk Souther Corporation in a research report on Sunday, May 28th. Deutsche Bank AG downgraded Norfolk Souther Corporation from a “buy” rating to a “hold” rating and cut their price target for the stock from $132.00 to $104.00 in a research report on Monday, July 31st. Royal Bank Of Canada reaffirmed a “sell” rating and set a $117.00 price target on shares of Norfolk Souther Corporation in a research report on Tuesday. Stifel Nicolaus reaffirmed a “hold” rating and set a $124.00 price target (up from $122.00) on shares of Norfolk Souther Corporation in a research report on Thursday, July 27th. Finally, Stephens restated an “overweight” rating and set a $140.00 target price (down from $147.00) on shares of Norfolk Souther Corporation in a research report on Thursday, July 27th. Four research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and nine have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $112.59.

Shares of Norfolk Souther Corporation (NSC) opened at 121.16 on Friday. Norfolk Souther Corporation has a one year low of $89.92 and a one year high of $125.31. The company has a 50 day moving average price of $117.93 and a 200 day moving average price of $118.06. The company has a market cap of $34.92 billion, a price-to-earnings ratio of 19.69 and a beta of 1.33.

Norfolk Souther Corporation (NYSE:NSC) last issued its earnings results on Wednesday, July 26th. The railroad operator reported $1.71 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.65 by $0.06. The company had revenue of $2.64 billion during the quarter, compared to analyst estimates of $2.64 billion. Norfolk Souther Corporation had a return on equity of 14.45% and a net margin of 17.66%. The firm’s quarterly revenue was up 7.5% on a year-over-year basis. During the same quarter last year, the business posted $1.36 EPS. Equities analysts predict that Norfolk Souther Corporation will post $6.32 EPS for the current year.

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In related news, VP Thomas E. Hurlbut sold 300 shares of the business’s stock in a transaction on Tuesday, August 29th. The shares were sold at an average price of $118.80, for a total transaction of $35,640.00. Following the completion of the transaction, the vice president now owns 4,000 shares in the company, valued at $475,200. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Chairman James A. Squires sold 24,407 shares of the business’s stock in a transaction on Tuesday, August 15th. The stock was sold at an average price of $119.95, for a total transaction of $2,927,619.65. Following the transaction, the chairman now owns 76,481 shares of the company’s stock, valued at approximately $9,173,895.95. The disclosure for this sale can be found here. In the last 90 days, insiders sold 27,077 shares of company stock valued at $3,244,531. Insiders own 0.36% of the company’s stock.

Several institutional investors have recently modified their holdings of NSC. BlackRock Inc. increased its position in shares of Norfolk Souther Corporation by 3,039.1% in the first quarter. BlackRock Inc. now owns 19,551,432 shares of the railroad operator’s stock worth $2,189,172,000 after buying an additional 18,928,598 shares during the last quarter. Alliancebernstein L.P. boosted its stake in shares of Norfolk Souther Corporation by 936.1% in the first quarter. Alliancebernstein L.P. now owns 5,378,457 shares of the railroad operator’s stock worth $602,226,000 after buying an additional 4,859,355 shares during the period. JPMorgan Chase & Co. boosted its stake in shares of Norfolk Souther Corporation by 31.8% in the first quarter. JPMorgan Chase & Co. now owns 4,209,269 shares of the railroad operator’s stock worth $471,313,000 after buying an additional 1,016,319 shares during the period. Lazard Asset Management LLC boosted its stake in shares of Norfolk Souther Corporation by 17.1% in the second quarter. Lazard Asset Management LLC now owns 6,343,533 shares of the railroad operator’s stock worth $772,007,000 after buying an additional 925,496 shares during the period. Finally, Investec Asset Management LTD bought a new stake in shares of Norfolk Souther Corporation during the first quarter worth $92,710,000. Hedge funds and other institutional investors own 70.63% of the company’s stock.

About Norfolk Souther Corporation

Norfolk Southern Corporation is a holding company engaged in the rail transportation business. As of December 31, 2016, the Company operated approximately 19,500 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.

Analyst Recommendations for Norfolk Souther Corporation (NYSE:NSC)

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