Stock on Radar: Norfolk Southern Corp. (NYSE:NSC) Price Target Update

During the past trading session, shares of Norfolk Southern Corp. (NYSE:NSC) traded +0.7793%. Covering analysts are predicting the stock to move to $99.4000 within the next year. Depending on the analyst, target price projections may differ widely. This target price is a consensus number based on polled analysts by Thomson Reuters. 

Wall Street analysts have the ability to use various metrics to help calculate target projections. A commonly used metric is a company’s P/E Ratio. This calculation stems from dividing the current share price by the projected earnings per share. At the time of this writing, Norfolk Southern Corporation Co has a price to earnings ratio of 19.8684. Investors may also evaluate a company’s PEG or price to earnings growth ratio. The PEG ratio represents the ratio of the price to earnings to the anticipated future growth rate of the company. If a company has a PEG Ratio below one, it may be viewed as undervalued. If a company has a PEG Ratio above one, it may indicate that the company is overvalued. A PEG Ratio near one may be seen as fair value. The stock presently has a PEG Ratio of 1.7700.

Taking a brief view of stock performance, we see that company shares are currently trading $10.2827 off the 50-day moving average of $97.0069 and $16.2237 off of the 200-day moving average of $91.0659. The stock has been recently recorded -0.5565% off of the 52-week high of 107.8900 and +66.3147% away from the 52-week low of 64.5100. Tracking the stock price relative to moving averages and highs and lows for the year may help evaluate the future value of the stock.