Norfolk Southern Corp. (NYSE:NSC) soared 0.11% during previous trade, a total of 2.53M shares exchanged hands compared with its average trading volume of 1.94M shares whereas its relative volume is 1.23. The stock has a market capitalization of $33.18B along with 290.55M outstanding shares. Stock’s intraday price range hit the peak level of $115.52 and touched the lowest level of $114.24.
Most recently Norfolk Southern Corp. (NYSE:NSC)’s price target was revised on 3/15/17 and according to 24 analysts stock’s price will reach at $119.29 during 52 weeks with standard deviation of 22.20. Stock’s minimum price target estimates has been figured out at $64 while the maximum price target forecast is established at $138, if we look at the price target with an optimistic approach it has upside potential of 20% from its latest closing price of $114.84.
Historically, if we look at price target revisions, two weeks ago Norfolk Southern Corp. (NYSE:NSC)’s price target was revised on 2/14/17 by the analysts, however the bullish price estimates of the stock set at $138 while the bearish estimates kept at $64 over the next one year. Stock’s 52-week target was retained at $109.17, the estimates indicates a standard deviation of 22.20.
While taking an overview of recommendation trends, the stock currently has an average brokerage recommendation of 2.40. ABR value is precisely based on brokerage recommendations, where out of 21 brokerage recommendations 8 rate Norfolk Southern Corp. (NYSE:NSC) stock a Strong Buy, 0 rate the stocks of the company a Buy, 11 rate Hold, 0 rate Sell and 2 recommend a Strong Sell. Most recently on 1/10/17 the stock of Norfolk Southern Corp. (NYSE:NSC) downgraded by CLSA from Outperform to Underperform. However previously on 1/9/17 it was downgraded by Seaport Global Securities from Buy to Neutral. A research note issued on 11/2/16 the stock was upgraded by Argus from Hold to Buy.
Norfolk Southern Corp. (NYSE:NSC) performance over the past one year soared 40.14% whereas its year to date (YTD) performance indicated a bullish trend of 6.82%. During the last six months the stock climbed 27.19%. Quarterly performance of the company shows optimistic momentum of 6.78% while its last one month trend is negative with -6.58%. Stock’s weekly performance expressed down trend of -3.92%.
The company’s price sits -2.66% below from its 50-day moving average of $120.38 and 15.36% far from the stock’s 200-day moving average which is $106.40. Norfolk Southern Corp. (NYSE:NSC)’s shares are currently trading -8.13% away from the 52-week high price of $125 and +50.67% far from the 52-week low price of $76.22.
According to consensus agreement of 27 analysts Norfolk Southern Corp. (NYSE:NSC) will report earnings per share of $1.33 in their quarterly report and it is expected to announce the company’s results on 4/20/17. For the current quarter the company has high EPS estimates of $1.42 in contradiction of low EPS estimates of $1.23. However a year ago for the same quarter the company has reported $1.29 EPS. Current year EPS projections for Norfolk Southern Corp. (NYSE:NSC) set at $6.15 according to the sentiments of 29 analysts, while its lowest earnings estimates are $5.5 and highest earnings estimates are $6.5.
According to 20 analysts, Norfolk Southern Corp. (NYSE:NSC)’s revenue estimates for the current quarter are $2.52B meanwhile the company has high revenue estimates of $2.6B in contradiction of low revenue estimates of $2.42B. For the current year the company’s revenue estimates are $10.39B compared to low analyst estimates of $10.17B and high estimates of $10.6B according to the projection of 25 analysts.