Why Is Norfolk Southern (NSC) In the News Today?

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.

The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.