Brokerage firm RBC Capital Downgrades its rating on Norfolk Southern Corp.(NSC). The shares have been rated Underperform. Previously, the analysts had a Sector Perform rating on the shares. The rating by the stock financial advisor at RBC Capital was issued on Mar 23, 2017 in a research report to their Investors and Clients.
In a different note, On Mar 15, 2017, Wolfe Research said it Downgrades its rating on Norfolk Southern Corp.. The shares have been rated ‘Peer Perform’ by the firm. Buckingham said it Initiates Coverage On Norfolk Southern Corp., according to a research note issued on Jan 18, 2017. In the research note, the firm Announces the price-target to $104 per share. The shares have been rated ‘Neutral’ by the firm.
Norfolk Southern Corp. (NSC) made into the market gainers list on Fridays trading session with the shares advancing 0.10% or 0.11 points. Due to strong positive momentum, the stock ended at $110.66, which is also near the day’s high of $111.51. The stock began the session at $110.8 and the volume stood at 12,76,656 shares. The 52-week high of the shares is $125 and the 52 week low is $78.15. The company has a current market capitalization of $34,384 M and it has 31,07,13,900 shares in outstanding.
Norfolk Southern Corp.(NSC) last announced its earnings results on Jan 25, 2017 for Fiscal Year 2016 and Q4.Company reported revenue of $2.490B. Analysts had an estimated revenue of $2.490B. Earnings per share were $1.42. Analysts had estimated an EPS of $1.36.
Several Insider Transactions has been reported to the SEC. On Feb 23, 2017, Marta R Stewart (EVP-Finance and CFO) sold 2,331 shares at $124.43 per share price.Also, On Feb 21, 2017, Thomas E Hurlbut (Vice President and Controller) sold 1,475 shares at $122.37 per share price.On Feb 8, 2017, William Andrew Galanko (SVP – Law and Corp. Comm.) sold 5,934 shares at $119.13 per share price, according to the Form-4 filing with the securities and exchange commission.
Norfolk Southern Corporation is a holding company. The Company owns a freight railroad Norfolk Southern Railway Company. The Company is engaged in the rail transportation of raw materials intermediate products and finished goods primarily in the Southeast East and Midwest and 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 an intermodal network in the eastern half of the United States. The Company’s system reaches various individual industries electric generating facilities mines distribution centers transload facilities and other businesses located in its service area. The Company’s general merchandise market group is composed of five commodity groupings: chemicals; metals and construction; agriculture consumer products and Government; automotive and paper clay and forest products.