Norfolk Southern (NSC) Projected to Post Earnings on Wednesday

Norfolk Southern (NYSE:NSC - Get Free Report) is projected to release its earnings data before the market opens on Wednesday, January 29th. Analysts expect Norfolk Southern to post earnings of $2.97 per share and revenue of $3,031,177.09 billion for the quarter. Investors that are interested in registering for the company's conference call can do so using this link.

Norfolk Southern Price Performance

Shares of NYSE:NSC traded up $5.03 during midday trading on Monday, hitting $259.70. 1,487,500 shares of the stock were exchanged, compared to its average volume of 1,160,238. The stock has a market cap of $58.76 billion, a P/E ratio of 24.39, a PEG ratio of 2.29 and a beta of 1.34. Norfolk Southern has a twelve month low of $206.71 and a twelve month high of $277.60. The company has a 50 day moving average price of $249.61 and a 200-day moving average price of $248.15. The company has a current ratio of 0.73, a quick ratio of 0.65 and a debt-to-equity ratio of 1.21.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. Wells Fargo & Company decreased their price target on shares of Norfolk Southern from $320.00 to $300.00 and set an "overweight" rating on the stock in a research note on Tuesday, January 7th. Benchmark lifted their price objective on Norfolk Southern from $270.00 to $285.00 and gave the company a "buy" rating in a research report on Wednesday, October 23rd. UBS Group boosted their target price on shares of Norfolk Southern from $289.00 to $309.00 and gave the company a "buy" rating in a report on Wednesday, October 23rd. Susquehanna decreased their target price on Norfolk Southern from $285.00 to $265.00 and set a "neutral" rating for the company in a report on Wednesday, January 8th. Finally, Stephens reiterated an "equal weight" rating and set a $263.00 price objective on shares of Norfolk Southern in a research note on Wednesday, October 23rd. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and thirteen have issued a buy rating to the company's stock. According to data from MarketBeat.com, Norfolk Southern has a consensus rating of "Moderate Buy" and a consensus price target of $275.68.

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Insider Buying and Selling at Norfolk Southern

In other Norfolk Southern news, Director Sameh Fahmy bought 350 shares of the stock in a transaction on Thursday, December 12th. The shares were purchased at an average price of $249.37 per share, with a total value of $87,279.50. Following the acquisition, the director now directly owns 10,350 shares of the company's stock, valued at $2,580,979.50. This represents a 3.50 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.19% of the company's stock.

About Norfolk Southern

Norfolk Southern Corporation, together with its subsidiaries, engages in the rail transportation of raw materials, intermediate products, and finished goods in the United States. The company transports agriculture, forest, and consumer products comprising soybeans, wheat, corn, fertilizers, livestock and poultry feed, food products, food oils, flour, sweeteners, ethanol, lumber and wood products, pulp board and paper products, wood fibers, wood pulp, beverages, and canned goods; chemicals consist of sulfur and related chemicals, petroleum products comprising crude oil, chlorine and bleaching compounds, plastics, rubber, industrial chemicals, chemical wastes, sand, and natural gas liquids; metals and construction materials, such as steel, aluminum products, machinery, scrap metals, cement, aggregates, minerals, clay, transportation equipment, and military-related products; and automotive, including finished motor vehicles and automotive parts, as well as coal.