A statement released earlier today by Zacks Investment Research about Norfolk Southern Corp. (NYSE:NSC) raises the target price to $109.00
- Updated: October 7, 2016
Yesterday Norfolk Southern Corp. (NYSE:NSC) traded -0.69% lower at $97.33. The company’s 50-day moving average is $93.61 and its 200-day moving average is $88.08. The last stock close price is up 9.87% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 1,441,822 shares of the stock were exchanged, up from an average trading volume of 1,397,890
Norfolk Southern Corp. (NYSE:NSC) had its target price raised to $109.00 by Zacks Investment Research in a report released 10/07/2016. The new target price indicates a possible upside of 0.12% based on the company's last stock close price.
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Norfolk Southern Corp. has a 52 week low of $64.51 and a 52 week high of $98.75 with a P/E ratio of 18.13 The company’s market cap is currently $0.
In addition to Zacks Investment Research reporting its stock price target, a total of 23 brokers have issued a report on NSC. The one year target is $90.11 with two equity analysts rating the company a strong buy, six equity analysts rating the company a buy, nineteen equity analysts rating the company a hold, zero brokerages rating the company a underperform, and lastly zero brokerages rating the company a sell.
General Company Details For 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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