News articles about Norfolk Southern (NYSE:NSC) have trended somewhat positive this week, Accern Sentiment reports. The research firm identifies negative and positive media coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Norfolk Southern earned a news impact score of 0.13 on Accern’s scale. Accern also gave media stories about the railroad operator an impact score of 46.577475702901 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Here are some of the news stories that may have effected Accern’s rankings:
- Shares of NSC Up 32.1% Since Uptrend Call on Shares (mysmartrend.com)
- Norfolk Southern Corp. (NSC) Receives Consensus Rating of “Hold” from Analysts (americanbankingnews.com)
- Norfolk Southern (NSC) Upgraded at Scotiabank (americanbankingnews.com)
- Here’s Why We Think Norfolk Southern Will Grow Strongly In The Near Term (trefis.com)
- Loop Capital Increases Norfolk Southern (NSC) Price Target to $144.00 (americanbankingnews.com)
Norfolk Southern (NYSE NSC) traded down $1.34 during trading hours on Tuesday, hitting $153.00. 2,492,700 shares of the stock traded hands, compared to its average volume of 1,526,820. The company has a market cap of $43,780.00, a P/E ratio of 24.32, a price-to-earnings-growth ratio of 1.71 and a beta of 1.37. Norfolk Southern has a one year low of $105.89 and a one year high of $157.15. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.73 and a current ratio of 0.83.
Norfolk Southern announced that its board has authorized a share buyback program on Tuesday, September 26th that allows the company to buyback 50,000,000 shares. This buyback authorization allows the railroad operator to purchase shares of its stock through open market purchases. Shares buyback programs are usually an indication that the company’s board of directors believes its stock is undervalued.
A number of equities research analysts have recently weighed in on NSC shares. Loop Capital lowered shares of Norfolk Southern from a “hold” rating to a “sell” rating and set a $133.00 price target on the stock. in a research report on Monday, November 27th. Robert W. Baird restated a “hold” rating and issued a $136.00 price target on shares of Norfolk Southern in a research report on Friday, November 10th. Zacks Investment Research lowered shares of Norfolk Southern from a “buy” rating to a “hold” rating in a research note on Thursday, November 2nd. Morgan Stanley reaffirmed an “underweight” rating and issued a $75.00 price objective (down previously from $77.00) on shares of Norfolk Southern in a research note on Monday, October 2nd. Finally, Goldman Sachs Group started coverage on shares of Norfolk Southern in a research note on Monday, November 13th. They issued a “neutral” rating and a $126.00 price objective for the company. Four analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and eight have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $132.90.
In other news, COO Michael Joseph Wheeler sold 3,568 shares of the stock in a transaction on Thursday, October 26th. The shares were sold at an average price of $133.00, for a total transaction of $474,544.00. Following the completion of the sale, the chief operating officer now owns 15,837 shares of the company’s stock, valued at $2,106,321. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Thomas E. Hurlbut sold 6,175 shares of the stock in a transaction on Wednesday, November 22nd. The stock was sold at an average price of $129.61, for a total transaction of $800,341.75. Following the sale, the vice president now directly owns 7,568 shares of the company’s stock, valued at approximately $980,888.48. The disclosure for this sale can be found here. Insiders sold 12,113 shares of company stock valued at $1,594,148 in the last ninety days. Insiders own 0.36% of the company’s stock.
COPYRIGHT VIOLATION WARNING: “Somewhat Favorable News Coverage Somewhat Unlikely to Impact Norfolk Southern (NYSE:NSC) Stock Price” was originally published by BBNS and is the sole property of of BBNS. If you are accessing this news story on another domain, it was illegally stolen and reposted in violation of U.S. and international trademark and copyright law. The original version of this news story can be read at https://baseballnewssource.com/markets/norfolk-southern-nsc-earning-somewhat-positive-media-coverage-accern-reports/1821300.html.
Norfolk Southern Company Profile
Norfolk Southern Corporation is a holding company engaged in the rail transportation business. As of December 31, 2016, the Company operated approximately 19,500 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.
Receive News & Ratings for Norfolk Southern Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Norfolk Southern and related companies with MarketBeat.com's FREE daily email newsletter.