BofA Merrill upgraded Norfolk Southern (NYSE:NSC) from Neutral to Buy in a report released today.
- Updated: October 11, 2016
Yesterday Norfolk Southern (NYSE:NSC) traded 1.02% higher at $95.83. The company’s 50-day moving average is $93.73 and its 200-day moving average is $88.24. The last stock close price is up 9.72% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 527,348 shares of the stock were exchanged, down from an average trading volume of 1,391,910
BofA Merrill has upgraded Norfolk Southern (NYSE:NSC) from Neutral to Buy in a report released on 10/11/2016.
Previously on 10/07/2016, Zacks Investment Research reported about Norfolk Southern (NYSE:NSC) raised the target price from $0.00 to $109.00. At the time, this indicated a possible upside of 0.12%.
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Norfolk Southern 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 BofA Merrill reporting its target price, a total of 23 firms have reported on the stock. The consensus target price is $90.11 with 2 firms rating the stock a strong buy, 6 firms rating the stock a buy, 19 firms rating the stock a hold, 0 firms rating the stock a underperform, and finally 0 firms rating the stock a sell.
About Norfolk Southern (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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