Norfolk Southern (NYSE:NSC) was downgraded by investment analysts at Cascend Securities from a “buy” rating to a “hold” rating in a research note issued to investors on Wednesday, Marketbeat Ratings reports.

Other equities research analysts have also recently issued research reports about the company. Bank of America assumed coverage on Sogou in a research note on Monday, April 1st. They issued an “underperform” rating and a $5.60 target price on the stock. TD Securities boosted their target price on TFI International from C$52.00 to C$54.00 and gave the company a “buy” rating in a research note on Thursday, April 25th. Citigroup set a $20.00 target price on Compania de Minas Buenaventura SAA and gave the company a “buy” rating in a research note on Thursday, April 4th. Barclays upped their price objective on T. Rowe Price Group from $90.00 to $95.00 and gave the stock an “underweight” rating in a research note on Thursday, April 25th. Finally, Deutsche Bank upgraded CYBERAGENT INC/ADR from a “hold” rating to a “buy” rating in a research note on Wednesday, June 12th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and thirteen have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $204.47.

NYSE NSC opened at $195.86 on Wednesday. The company has a market cap of $54.91 billion, a PE ratio of 20.60, a price-to-earnings-growth ratio of 1.63 and a beta of 1.32. The company has a 50 day moving average price of $198.71. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.67 and a quick ratio of 0.59. Norfolk Southern has a 52 week low of $138.65 and a 52 week high of $211.46.

Norfolk Southern (NYSE:NSC) last released its earnings results on Wednesday, April 24th. The railroad operator reported $2.51 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.17 by $0.34. The firm had revenue of $2.84 billion for the quarter, compared to analysts’ expectations of $2.82 billion. Norfolk Southern had a return on equity of 17.80% and a net margin of 24.10%. The business’s quarterly revenue was up 4.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.93 EPS. Sell-side analysts forecast that Norfolk Southern will post 10.82 earnings per share for the current fiscal year.

In related news, Chairman James A. Squires sold 3,024 shares of the stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $204.71, for a total value of $619,043.04. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, COO Michael Joseph Wheeler sold 2,500 shares of the stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $204.57, for a total value of $511,425.00. Following the completion of the sale, the chief operating officer now owns 12,919 shares in the company, valued at approximately $2,642,839.83. The disclosure for this sale can be found here. Corporate insiders own 0.19% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Eagle Global Advisors LLC grew its holdings in shares of Norfolk Southern by 2.0% during the 1st quarter. Eagle Global Advisors LLC now owns 2,550 shares of the railroad operator’s stock worth $477,000 after purchasing an additional 50 shares in the last quarter. Harfst & Associates Inc. grew its holdings in shares of Norfolk Southern by 3.7% during the 1st quarter. Harfst & Associates Inc. now owns 1,394 shares of the railroad operator’s stock worth $260,000 after purchasing an additional 50 shares in the last quarter. Alera Investment Advisors LLC grew its holdings in shares of Norfolk Southern by 4.8% during the 1st quarter. Alera Investment Advisors LLC now owns 1,129 shares of the railroad operator’s stock worth $211,000 after purchasing an additional 52 shares in the last quarter. Telemus Capital LLC grew its holdings in shares of Norfolk Southern by 3.5% during the 1st quarter. Telemus Capital LLC now owns 1,618 shares of the railroad operator’s stock worth $302,000 after purchasing an additional 55 shares in the last quarter. Finally, Bigelow Investment Advisors LLC grew its holdings in shares of Norfolk Southern by 1.0% during the 2nd quarter. Bigelow Investment Advisors LLC now owns 5,409 shares of the railroad operator’s stock worth $1,078,000 after purchasing an additional 55 shares in the last quarter. Institutional investors and hedge funds own 72.56% of the company’s stock.

Norfolk Southern Company Profile

Norfolk Southern Corporation, together with its subsidiaries, engages in the rail transportation of raw materials, intermediate products, and finished goods. The company transports industrial products, including chemicals, agriculture, and metals and construction materials; and coal, automobiles, and automotive parts.

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Analyst Recommendations for Norfolk Southern (NYSE:NSC)

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