Norfolk Southern Corp. (NYSE:NSC)‘s stock had its “neutral” rating reiterated by Zacks in a research note issued on Thursday, American Banking and Market News reports. They currently have a $82.00 target price on the stock. Zacks‘ price objective points to a potential upside of 5.98% from the company’s current price.
Zacks‘ analyst wrote, “Norfolk Southern will likely benefit from favorable pricing revisions and abundant opportunities within the transportation business sector. The growing market share of its Intermodal segment and an improving Merchandize segment bode well for the company. Investment in key projects and recovery in the construction and agriculture market will likely support the company’s efforts to generate better revenues in the coming quarters. However, our positive outlook on Norfolk Southern is somewhat dampened by the lackluster performance by the Coal segment that could hold back its growth momentum in the days ahead. Other risks faced by the company include regulatory issues, volatile fuel prices, labor problems and competitive pressure. Hence, we adhere to our Neutral recommendation on the stock.”
A number of other analysts have also recently weighed in on NSC. Analysts at Sanford C. Bernstein raised their price target on shares of Norfolk Southern Corp. (NYSE:NSC) from $72.00 to $79.00 in a research note to investors on Wednesday. They now have a “market perform” rating on the stock. Separately, analysts at Avondale Partners upgraded shares of Norfolk Southern Corp. (NYSE:NSC) from a “market perform” rating to an “outperform” rating in a research note to investors on Wednesday. Finally, analysts at RBC Capital reiterated a “buy” rating on shares of Norfolk Southern Corp. (NYSE:NSC) in a research note to investors on Thursday, September 19th. They now have a $84.00 price target on the stock. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and fifteen have assigned a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $82.86.
Shares of Norfolk Southern Corp. (NYSE:NSC) opened at 77.37 on Thursday. Norfolk Southern Corp. has a 1-year low of $56.05 and a 1-year high of $81.00. The stock has a 50-day moving average of $75.49 and a 200-day moving average of $75.67. The company has a market cap of $24.136 billion and a price-to-earnings ratio of 14.30.
Norfolk Southern Corp. (NYSE:NSC) last issued its quarterly earnings data on Tuesday, July 23rd. The company reported $1.46 EPS for the quarter, missing the Thomson Reuters consensus estimate of $1.49 by $0.03. The company had revenue of $2.80 billion for the quarter, compared to the consensus estimate of $2.85 billion. During the same quarter in the previous year, the company posted $1.60 earnings per share. The company’s revenue for the quarter was down 2.5% on a year-over-year basis. On average, analysts predict that Norfolk Southern Corp. will post $5.50 earnings per share for the current fiscal year.
Norfolk Southern Corporation (NYSE:NSC) is a Virginia based company that controls a railroad, Norfolk Southern Railway Company.
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