On January 22, 2024, Bernstein analyst David Vernon made a significant upgrade to Norfolk Southern (NYSE:NSC), raising its rating from Market Perform to Outperform and setting a price target of $272. This news has sparked interest among investors and analysts alike, as they eagerly await the stock’s performance.
Based on the latest available data, Norfolk Southern’s stock closed at $226.14 on MarketWatch, with a day range of $224.50 to $228.53. Over the past 52 weeks, the stock has fluctuated between $183.09 and $260.20, showcasing its potential for growth.
Yahoo Finance reported a previous close of $234.26 for Norfolk Southern, with a 52-week range of $183.09 to $259.67. Analysts have estimated a 1-year target of $241.09, further highlighting the positive outlook for the stock.
CNBC’s data revealed that Norfolk Southern closed at $229.09, with a 52-week range mirroring the previous reports at $183.09 to $260.20. The company’s market cap stands at an impressive $51.806B, indicating its substantial presence in the market.
According to The Wall Street Journal, Norfolk Southern’s stock experienced a day range of $232.70 to $235.98, aligning with the overall trend observed in the 52-week range of $183.09 to $259.67. The stock’s market value stands at $52.97B, solidifying its position as a valuable asset.
With an average price target of $240.83 from 28 ratings, it is crucial to monitor Norfolk Southern’s performance closely. Investors will be eagerly watching to see if the stock can reach the upgraded price target set by Bernstein analyst David Vernon.
Norfolk Southern Corporation (NSC) Stock Price Sees Minor Drop, but Remains Stable and Above Moving Average on January 22, 2024
On January 22, 2024, Norfolk Southern Corporation (NSC) experienced a slight drop in its stock price. NSC shares decreased by $0.21, resulting in a 0.09% drop from the previous market close. The stock had closed at $234.05.
Despite this minor decline, NSC’s stock performance remains relatively strong. The company is currently trading in the middle of its 52-week range, indicating stability and resilience in the face of market fluctuations. Additionally, NSC’s stock price is above its 200-day simple moving average, suggesting a positive long-term trend.
It is worth noting that NSC’s stock has shown some positive momentum in pre-market trading on January 22, 2024. The stock price has risen by $1.95 during this period, indicating potential optimism among investors.
Overall, NSC’s stock performance on January 22, 2024, showcases a mixed picture. While there was a slight drop in the stock price since the previous market close, the company’s stock remains within a stable range and above its long-term moving average. The rise in pre-market trading suggests that there may be positive sentiment surrounding NSC among investors. As always, it is important for investors to closely monitor the stock’s performance and consider various factors before making any investment decisions.
Norfolk Southern Corporation (NSC) Delivers Impressive Financial Performance, Making It a Promising Investment for Shareholders
Norfolk Southern Corporation (NSC) showcased a strong performance in the stock market on January 22, 2024. The company’s total revenue has risen by 14.39% over the past year, reaching $12.74 billion. NSC’s net income has also increased by 8.82% to $3.27 billion, and its earnings per share have grown by 14.56% to $13.88. These positive financial results indicate that NSC is on a solid trajectory and is an appealing investment option for shareholders.
