Avondale Partners downgraded Norfolk Southern Corp. (NYSE:NSC) to Underperform in a statement released earlier today.
- Updated: October 15, 2016
Avondale Partners has downgraded Norfolk Southern Corp. (NYSE:NSC) to Underperform in a report released on 10/12/2016.
Boasting a price of $94.67, Norfolk Southern Corp. (NYSE:NSC) traded 0.13% higher on the day. With the last stock price close up 7.33% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the same time period. The company has recorded a 50-day moving average of $94.02 and a 200-day moving average of $88.46. 1,473,619 shares of the stock traded hands, up from an avg. volume of 1,402,290
Recent Performance Chart
Norfolk Southern Corp. has 52 week low of $64.51 and a one year high of $98.75 with a price-earnings ratio of 17.78 and has a total market value of $0.
A total of 23 brokerages have released a ratings update on NSC. Two analysts rating the stock a strong buy, 6 equity analysts rating the company a buy, nineteen brokers rating the stock a hold, zero analysts rating the company a underperform, and finally zero brokerages rating the company a sell with a one year target of $90.11.
Brief Synopsis About 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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