Today, the EVP & COO of Norfolk Southern (NYSE: NSC), Wheeler Michael Joseph, sold shares of NSC for $302.7K.
Following Wheeler Michael Joseph’s last NSC Sell transaction on February 20, 2018, the stock climbed by 11.6%. In addition to Wheeler Michael Joseph, 3 other NSC executives reported Sell trades in the last month.
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Based on Norfolk Southern’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $2.72 billion and quarterly net profit of $551 million. In comparison, last year the company earned revenue of $2.58 billion and had a net profit of $432 million. NSC’s market cap is $42.63B and the company has a P/E ratio of 7.87. Currently, Norfolk Southern has an average volume of 990.6K.
Nine different firms, including Avondale and Barclays, currently also have a Sell rating on the stock. Based on 9 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $158.00, reflecting a -4.4% downside.
The insider sentiment on Norfolk Southern has been negative according to 46 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.
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Norfolk Southern Corp. is a transportation company, which owns a freight railroad. It engages in the rail transportation of raw materials, intermediate products, and finished goods primarily in the Southeast, East, and Midwest and, via interchange with rail carriers, to and from the rest of the United States.
