Norfolk Souther Corporation (NSC) Receives Price Target

Norfolk Souther Corporation (NSC) : The highest short term price target forecast on Norfolk Souther Corporation (NSC) is $102 and the lowest target price is $64. A total of 15 equity analysts are currently covering the company. The average price of all the analysts is $88.17 with a standard deviation of $11.63.

Norfolk Souther Corporation (NSC) : 3 brokerage houses believe that Norfolk Souther Corporation (NSC) is a Strong Buy at current levels. 1 Analyst considers the fundamentals to be worthy of a Buy recommendation. 12 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Norfolk Souther Corporation (NSC). Zacks Investment Research suggests a Hold with a rank of 3. 2 others believe that the stock has run up ahead of its fundamentals and advise a Strong Sell on the stock.The median of all the 18 Wall Street Analysts endorse the stock as a Hold with a rating of 2.79.


Also, Atlantic Equities initiates coverage on Norfolk Souther Corporation (NYSE:NSC). Atlantic Equities has a Neutral rating on the shares. The rating by the firm was issued on August 11, 2016.

Norfolk Souther Corporation (NYSE:NSC): The stock opened at $94.11 on Thursday but the bulls could not build on the opening and the stock topped out at $94.25 for the day. The stock traded down to $92.88 during the day, due to lack of any buying support eventually closed down at $93.80 with a loss of -0.11% for the day. The stock had closed at $93.90 on the previous day. The total traded volume was 1,142,560 shares.

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 Companys system reaches various individual industries, electric generating facilities, mines, distribution centers, transload facilities and other businesses located in its service area. The Companys 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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