A statement released earlier today by Zacks Investment Research about Norfolk Southern Corp. (NYSE:NSC) bumps the target price to $106.00
- Updated: October 2, 2016
Stating a potential upside of 0.12%, Zacks Investment Research upped the price target of Norfolk Southern Corp. (NYSE:NSC) to $106.00
On 9/12/2016, Barclays Capital released a statement on Norfolk Southern Corp. (NYSE:NSC) upped the target price from $92.00 to $104.00 that suggested an upside of 0.15%.
Having a price of $94.60, Norfolk Southern Corp. (NYSE:NSC) traded 2.01% higher on the day. With the last close up 10.85% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the same period. Norfolk Southern Corp. has recorded a 50-day average of $92.58 and a two hundred day average of $87.56. Volume of trade was up over the average, with 1,921,332 shares of NSC changing hands over the typical 1,401,250
With a total market value of $0, Norfolk Southern Corp. has price-earnings ratio of 18.18 with a one year low of $64.51 and a one year high of $98.75 .
In addition to Zacks Investment Research reporting its stock price target, a total of 23 brokers have issued a research note on the company. The average stock price target is $90.11 with 2 brokers rating the stock a strong buy, 6 brokers rating the stock a buy, 19 brokers rating the stock a hold, 0 brokers rating the stock a underperform, and finally 0 brokers rating the stock a sell.
Brief Synopsis On Norfolk Southern Corp. (NYSE:NSC)
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. The Company, through interchange with rail carriers, to and from the rest of the United States. The Company also transports overseas freight through various Atlantic and Gulf Coast ports. It provides logistics services and offers the intermodal network in the eastern half of the United States. The Company's system reaches various manufacturing plants, electric generating facilities, mines, distribution centers and other businesses located in its service area. The Company's intermodal market group consists of shipments moving in trailers, domestic and international containers, and RoadRailer equipment.
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