Barclays Maintains Norfolk Southern Corp. to Equal-weight with Price Target $88.00

Brokerage firm Barclays Maintains its rating on Norfolk Southern Corp.(NYSE:NSC). In a research note issued to the investors, the brokerage major Lowers the price-target to $88.00 per share. The shares have been rated Equal-weight. The rating by Barclays was issued on Apr 11, 2016.

In a different note, Scotiabank said it Initiates Coverage on Norfolk Southern Corp., according to a research note issued on Mar 15, 2016. The shares have been rated ‘Sector Outperform’ by the firm. On Feb 19, 2016, Credit Suisse said it Maintains its rating on Norfolk Southern Corp.. In the research note, the firm Raises the price-target to $69.00 per share. The shares have been rated ‘Neutral’ by the firm. On Jan 28, 2016, Deutsche Bank said it Maintains its rating on Norfolk Southern Corp.. In the research note, the firm Raises the price-target to $83.00 per share. The shares have been rated ‘Hold’ by the firm. On Jan 28, 2016, Macquarie said it Maintains its rating on Norfolk Southern Corp.. In the research note, the firm Raises the price-target to $66.00 per share. The shares have been rated ‘Underperform’ by the firm. On Jan 28, 2016, Buckingham Research said it Downgrades its rating on Norfolk Southern Corp.. The shares have been rated ‘Neutral’ by the firm. On Jan 28, 2016, Avondale Partners said it Upgrades its rating on Norfolk Southern Corp.. The shares have been rated ‘Market Perform’ by the firm.

Norfolk Southern Corp. (NSC) shares turned negative on Fridays trading session with the shares closing down -0.51 points or -0.62% at a volume of 14,76,073. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $82.6. The peak price level was also seen at $82.6 while the days lowest was $81.38. Finally the shares closed at $81.63. The 52-week high of the shares is $107.31 while the 52-week low is $64.51. According to the latest information available, the market cap of the company is $24,342 M.

Norfolk Southern Corp.(NSC) last announced its earnings results on Jan 27, 2016 for Fiscal Year 2015 and Q4.Company reported revenue of $2.52B. Analysts had an estimated revenue of $2.58B. Earnings per share were $1.30. Analysts had estimated an EPS of $1.26.

Several Insider Transactions has been reported to the SEC. On Aug 14, 2015, Wesley G Bush (director) purchased 3,000 shares at $81.38 per share price.Also, On Mar 10, 2015, Thomas E Hurlbut (Vice President and Controller) sold 1,000 shares at $108.19 per share price.

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.

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