Norfolk Southern Corp. (NYSE:NSC) shares shot up 2.6% during trading on Wednesday . The company traded as high as $91.43 and last traded at $90.75, with a volume of 2,434,010 shares trading hands. The stock had previously closed at $88.42.

A number of research firms have recently commented on NSC. Citigroup Inc. reaffirmed a “hold” rating on shares of Norfolk Southern Corp. in a research note on Saturday, April 23rd. Barclays PLC upped their price objective on shares of Norfolk Southern Corp. from $88.00 to $90.00 and gave the company an “equal weight” rating in a research note on Friday, April 22nd. Cowen and Company reaffirmed a “buy” rating on shares of Norfolk Southern Corp. in a research note on Saturday, April 23rd. BMO Capital Markets dropped their price objective on shares of Norfolk Southern Corp. from $131.00 to $125.00 and set an “outperform” rating for the company in a research note on Monday, March 28th. Finally, Deutsche Bank AG upped their price objective on shares of Norfolk Southern Corp. from $91.00 to $96.00 and gave the company a “hold” rating in a research note on Monday, March 28th. Two investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and eight have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $88.57.

The firm has a 50 day moving average of $84.52 and a 200 day moving average of $80.88. The company has a market cap of $26.84 billion and a PE ratio of 16.83.

Norfolk Southern Corp. (NYSE:NSC) last issued its quarterly earnings data on Thursday, April 21st. The railroad operator reported $1.29 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.97 by $0.32. The company earned $2.42 billion during the quarter, compared to the consensus estimate of $2.38 billion. The firm’s revenue was down 5.7% on a year-over-year basis. During the same period in the previous year, the business posted $1.00 earnings per share. On average, equities research analysts anticipate that Norfolk Southern Corp. will post $5.51 EPS for the current fiscal year.

In other Norfolk Southern Corp. news, VP Cynthia C. Earhart sold 6,500 shares of Norfolk Southern Corp. stock in a transaction that occurred on Monday, April 25th. The stock was sold at an average price of $90.04, for a total value of $585,260.00. Following the transaction, the vice president now directly owns 6,500 shares of the company’s stock, valued at approximately $585,260. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, VP Thomas E. Hurlbut sold 668 shares of Norfolk Southern Corp. stock in a transaction that occurred on Thursday, May 5th. The stock was sold at an average price of $89.92, for a total value of $60,066.56. Following the completion of the transaction, the vice president now directly owns 12,203 shares in the company, valued at $1,097,293.76. The disclosure for this sale can be found here.

A number of hedge funds and institutional investors have modified their holdings of NSC. Private Advisor Group LLC increased its position in shares of Norfolk Southern Corp. by 18.5% in the fourth quarter. Private Advisor Group LLC now owns 12,442 shares of the railroad operator’s stock valued at $1,052,000 after buying an additional 1,942 shares in the last quarter. Boys Arnold & Co. Inc. increased its position in shares of Norfolk Southern Corp. by 95.9% in the fourth quarter. Boys Arnold & Co. Inc. now owns 12,548 shares of the railroad operator’s stock valued at $1,061,000 after buying an additional 6,143 shares in the last quarter. LS Investment Advisors LLC increased its position in shares of Norfolk Southern Corp. by 25.2% in the fourth quarter. LS Investment Advisors LLC now owns 12,875 shares of the railroad operator’s stock valued at $1,089,000 after buying an additional 2,592 shares in the last quarter. Trexquant Investment LP acquired a new position in shares of Norfolk Southern Corp. during the fourth quarter valued at approximately $1,117,000. Finally, Haverford Trust Co. increased its position in shares of Norfolk Southern Corp. by 6.2% in the fourth quarter. Haverford Trust Co. now owns 14,746 shares of the railroad operator’s stock valued at $1,247,000 after buying an additional 863 shares in the last quarter.

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.

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