Today Wall Street Journal is reporting: "No hazardous materials were aboard a train that derailed near Springfield on Saturday." For full coverage click here. Shares of the large-cap Industrials company have not moved much on the news as of the afternoon trading session, and are currently trading at $228.39.
The Norfolk Southern Railway is a Class I freight railroad in the United States, and is the current name of the former Southern Railway. The company belongs to the Industrials sector, which has an average price to earnings (P/E) ratio of 20.49 and an average price to book (P/B) ratio of 3.78. In contrast, Norfolk Southern has a trailing 12 month P/E ratio of 16.23 and a P/B ratio of 4.594.
Norfolk Southern has moved -18.08% over the last year compared to -3.7002325000000003% for the S&P 500 -- a difference of -14.38%. Norfolk Southern has a 52 week high of $285.6 and a 52 week low of $201.43. At today's price of $228.39 per share, Norfolk Southern is -8.71% away from its target price of $250.17, and on average, analysts give the stock a rating of hold. 1% of the company's shares are linked to short positions, and 77% of the shares are owned by institutional investors.
