Zacks Investment Research downgraded Norfolk Southern Corp. (NYSE:NSC) to Hold in a statement released earlier today.
- Updated: October 9, 2016
Zacks Investment Research has downgraded Norfolk Southern Corp. (NYSE:NSC) to Hold in a report released on 10/05/2016.
On Wednesday September 28, 2016, Zacks Investment Research released a statement for Norfolk Southern Corp. (NYSE:NSC) increased the target price from $0.00 to $106.00 that suggested an upside of 0.12%.
Just yesterday Norfolk Southern Corp. (NYSE:NSC) traded -0.69% lower at $97.01. The company’s 50-day moving average is $93.61 and its two hundred day average is $88.08. With the last stock price close up 9.87% relative to the two hundred day average, compared with the Standard & Poor's 500 Index which has decreased -0.01% over the date range. 1,441,822 shares of the stock were exchanged, up from an average trading volume of 1,397,890
Recent Performance Chart
With a total market value of $0, Norfolk Southern Corp. has 52 week low of $64.51 and a one year high of $98.75 with a PE ratio of 18.13 .
Also covering Norfolk Southern Corp.'s target, a total of 23 equity analysts have issued a ratings update on Norfolk Southern Corp.. The 12-month price target is $90.11 with 2 brokers rating the stock a strong buy, 6 equity analysts rating the company a buy, nineteen brokerages rating the company a hold, zero analysts rating the company a underperform, and lastly 0 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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