Norfolk Souther Corporation (NSC) Receives Hold Rating from Aegis

Norfolk Souther Corporation (NYSE:NSC)‘s stock had its “hold” rating reaffirmed by research analysts at Aegis in a report released on Tuesday. They presently have a $125.00 target price on the railroad operator’s stock, up from their prior target price of $120.00. Aegis’ price target would suggest a potential downside of 4.43% from the stock’s current price.

Several other research analysts also recently commented on the company. Citigroup Inc. increased their price objective on Norfolk Souther Corporation from $124.00 to $135.00 and gave the company a “neutral” rating in a research note on Wednesday, October 4th. ValuEngine cut Norfolk Souther Corporation from a “buy” rating to a “hold” rating in a report on Monday, October 2nd. Morgan Stanley restated an “underweight” rating and issued a $75.00 target price (down from $77.00) on shares of Norfolk Souther Corporation in a report on Monday, October 2nd. Stifel Nicolaus restated a “hold” rating and issued a $124.00 target price on shares of Norfolk Souther Corporation in a report on Tuesday, September 12th. Finally, Royal Bank Of Canada restated a “sell” rating and issued a $117.00 target price on shares of Norfolk Souther Corporation in a report on Tuesday, August 29th. Five equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and eight have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $113.29.

Norfolk Souther Corporation (NYSE:NSC) traded down 0.64% on Tuesday, hitting $129.95. 766,876 shares of the company were exchanged. Norfolk Souther Corporation has a 52-week low of $89.95 and a 52-week high of $133.81. The stock has a market capitalization of $37.45 billion, a P/E ratio of 21.12 and a beta of 1.38. The stock’s 50-day moving average price is $126.04 and its 200-day moving average price is $119.74.

Norfolk Souther Corporation (NYSE:NSC) last posted its quarterly earnings data on Wednesday, July 26th. The railroad operator reported $1.71 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.65 by $0.06. Norfolk Souther Corporation had a return on equity of 14.45% and a net margin of 17.66%. The firm had revenue of $2.64 billion during the quarter, compared to the consensus estimate of $2.64 billion. During the same period in the prior year, the company earned $1.36 EPS. The firm’s revenue was up 7.5% compared to the same quarter last year. On average, equities research analysts anticipate that Norfolk Souther Corporation will post $6.34 earnings per share for the current fiscal year.

Norfolk Souther Corporation declared that its board has approved a stock repurchase program on Tuesday, September 26th that permits the company to buyback 50,000,000 outstanding shares. This buyback authorization permits the railroad operator to buy shares of its stock through open market purchases. Shares buyback programs are typically an indication that the company’s leadership believes its stock is undervalued.

COPYRIGHT VIOLATION WARNING: “Norfolk Souther Corporation (NSC) Receives Hold Rating from Aegis” was posted by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this article on another site, it was stolen and reposted in violation of US and international copyright and trademark legislation. The legal version of this article can be read at https://ledgergazette.com/2017/10/10/norfolk-souther-corporation-nsc-receives-hold-rating-from-aegis.html.

In other Norfolk Souther Corporation news, VP Thomas E. Hurlbut sold 300 shares of Norfolk Souther Corporation stock in a transaction that occurred on Tuesday, August 29th. The stock was sold at an average price of $118.80, for a total transaction of $35,640.00. Following the transaction, the vice president now owns 4,000 shares of the company’s stock, valued at $475,200. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, COO Michael Joseph Wheeler sold 2,370 shares of Norfolk Souther Corporation stock in a transaction that occurred on Friday, August 25th. The stock was sold at an average price of $118.68, for a total value of $281,271.60. Following the transaction, the chief operating officer now directly owns 13,492 shares in the company, valued at approximately $1,601,230.56. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 27,077 shares of company stock worth $3,244,531. 0.36% of the stock is currently owned by corporate insiders.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Krilogy Financial LLC increased its position in Norfolk Souther Corporation by 2.6% during the second quarter. Krilogy Financial LLC now owns 855 shares of the railroad operator’s stock worth $104,000 after buying an additional 22 shares during the period. AlphaMark Advisors LLC increased its position in Norfolk Souther Corporation by 20.7% during the second quarter. AlphaMark Advisors LLC now owns 875 shares of the railroad operator’s stock worth $106,000 after buying an additional 150 shares during the period. D Orazio & Associates Inc. increased its position in Norfolk Souther Corporation by 0.5% during the first quarter. D Orazio & Associates Inc. now owns 891 shares of the railroad operator’s stock worth $100,000 after buying an additional 4 shares during the period. Harfst & Associates Inc. increased its position in Norfolk Souther Corporation by 58.8% during the second quarter. Harfst & Associates Inc. now owns 945 shares of the railroad operator’s stock worth $115,000 after buying an additional 3

Several other research analysts also recently commented on the company. Citigroup Inc. increased their price objective on Norfolk Souther Corporation from $124.00 to $135.00 and gave the company a “neutral” rating in a research note on Wednesday, October 4th. ValuEngine cut Norfolk Souther Corporation from a “buy” rating to a “hold” rating in a report on Monday, October 2nd. Morgan Stanley restated an “underweight” rating and issued a $75.00 target price (down from $77.00) on shares of Norfolk Souther Corporation in a report on Monday, October 2nd. Stifel Nicolaus restated a “hold” rating and issued a $124.00 target price on shares of Norfolk Souther Corporation in a report on Tuesday, September 12th. Finally, Royal Bank Of Canada restated a “sell” rating and issued a $117.00 target price on shares of Norfolk Souther Corporation in a report on Tuesday, August 29th. Five equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and eight have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $113.29.

Norfolk Souther Corporation (NYSE:NSC) traded down 0.64% on Tuesday, hitting $129.95. 766,876 shares of the company were exchanged. Norfolk Souther Corporation has a 52-week low of $89.95 and a 52-week high of $133.81. The stock has a market capitalization of $37.45 billion, a P/E ratio of 21.12 and a beta of 1.38. The stock’s 50-day moving average price is $126.04 and its 200-day moving average price is $119.74.

Norfolk Souther Corporation (NYSE:NSC) last posted its quarterly earnings data on Wednesday, July 26th. The railroad operator reported $1.71 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.65 by $0.06. Norfolk Souther Corporation had a return on equity of 14.45% and a net margin of 17.66%. The firm had revenue of $2.64 billion during the quarter, compared to the consensus estimate of $2.64 billion. During the same period in the prior year, the company earned $1.36 EPS. The firm’s revenue was up 7.5% compared to the same quarter last year. On average, equities research analysts anticipate that Norfolk Souther Corporation will post $6.34 earnings per share for the current fiscal year.

Norfolk Souther Corporation declared that its board has approved a stock repurchase program on Tuesday, September 26th that permits the company to buyback 50,000,000 outstanding shares. This buyback authorization permits the railroad operator to buy shares of its stock through open market purchases. Shares buyback programs are typically an indication that the company’s leadership believes its stock is undervalued.

COPYRIGHT VIOLATION WARNING: “Norfolk Souther Corporation (NSC) Receives Hold Rating from Aegis” was posted by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this article on another site, it was stolen and reposted in violation of US and international copyright and trademark legislation. The legal version of this article can be read at https://ledgergazette.com/2017/10/10/norfolk-souther-corporation-nsc-receives-hold-rating-from-aegis.html.

In other Norfolk Souther Corporation news, VP Thomas E. Hurlbut sold 300 shares of Norfolk Souther Corporation stock in a transaction that occurred on Tuesday, August 29th. The stock was sold at an average price of $118.80, for a total transaction of $35,640.00. Following the transaction, the vice president now owns 4,000 shares of the company’s stock, valued at $475,200. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, COO Michael Joseph Wheeler sold 2,370 shares of Norfolk Souther Corporation stock in a transaction that occurred on Friday, August 25th. The stock was sold at an average price of $118.68, for a total value of $281,271.60. Following the transaction, the chief operating officer now directly owns 13,492 shares in the company, valued at approximately $1,601,230.56. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 27,077 shares of company stock worth $3,244,531. 0.36% of the stock is currently owned by corporate insiders.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Krilogy Financial LLC increased its position in Norfolk Souther Corporation by 2.6% during the second quarter. Krilogy Financial LLC now owns 855 shares of the railroad operator’s stock worth $104,000 after buying an additional 22 shares during the period. AlphaMark Advisors LLC increased its position in Norfolk Souther Corporation by 20.7% during the second quarter. AlphaMark Advisors LLC now owns 875 shares of the railroad operator’s stock worth $106,000 after buying an additional 150 shares during the period. D Orazio & Associates Inc. increased its position in Norfolk Souther Corporation by 0.5% during the first quarter. D Orazio & Associates Inc. now owns 891 shares of the railroad operator’s stock worth $100,000 after buying an additional 4 shares during the period. Harfst & Associates Inc. increased its position in Norfolk Souther Corporation by 58.8% during the second quarter. Harfst & Associates Inc. now owns 945 shares of the railroad operator’s stock worth $115,000 after buying an additional 350 shares during the period. Finally, Parkside Financial Bank & Trust increased its position in Norfolk Souther Corporation by 35.3% during the first quarter. Parkside Financial Bank & Trust now owns 958 shares of the railroad operator’s stock worth $107,000 after buying an additional 250 shares during the period. 70.60% of the stock is currently owned by institutional investors.

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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