Trading Wire: Consensus Projections on Shares of Norfolk Southern Corporation (NYSE:NSC)

EPS is commonly considered to be one of the most important factors when evaluating the price of a share. Taking a look at the current quarter consensus earnings per share estimate provided by Zacks Research, we can see that the number for Norfolk Southern Corporation (NYSE:NSC) is 2.19. This estimate is using projections provided by 4 Wall Street analysts. Last quarter, the company notched a quarterly EPS of 2.52. Trading around earnings reports can be difficult. Gauging which direction a stock will shift after earnings can sometimes be a toss up. Sometimes, companies may report great numbers with a solid beat, and the stock will head lower. Other times, a stock will miss projections, but the price will rise. Traders who are able to take on the risk may be able to withstand the high volatility that could follow after the report is released.

At some point, individual investors may find themselves routinely falling prey to the lure of performance chasing. It can be highly tempting to want to be a part of a near-term stock run to the upside. Short-term investors may only be interested in these types of moves, but longer-term investors may want to be a bit more cautious. Chasing performance may end up leading the investor away from previously defined goals and the overall strategy. Investors who are committed to achieving long-term success may occasionally need to reshuffle the deck when the short-term clatter becomes too noisy.

Sell-side Street analysts often offer stock ratings for companies that they cover. Based on analysts polled by Zacks Research, the present average broker rating on shares of Norfolk Southern Corporation (NYSE:NSC) is presently 2.18. This average rating includes analysts who have given Sell, Buy and Hold ratings on the equity. This rating uses a numerical recommendation scale from 1 to 5. A score of 1 would represent a Buy recommendation, and a score of 5 would indicate a Sell recommendation. Out of all the analysts providing recommendations, 8 have rated the stock a Strong Buy or Buy, based on data provided by Zacks Research.

Taking a look at some target price information, we note that shares of Norfolk Southern Corporation (NYSE:NSC) presently have an average target price of $180.21. This is the consensus target price using estimates offered by analysts polled by Zacks Research. Sell-side analysts can calculate price target projections using various methods. Many investors will track stock target prices, especially when analysts make changes to the target. A thorough research report will generally give detailed reasoning for a certain target projection. Some investors may watch sell-side targets very closely and use the data to help with their own stock research.

Let’s shift the focus and look at some historical stock price action on shares of Norfolk Southern Corporation (NYSE:NSC). After a recent market scan, we have seen that the stock has been trading near the $169.05 level. Investors may also be tracking the current stock price in relation to its 52-week high and low. The 52-week high is currently sitting at $186.71, and the 52-week low is $128.92. When the stock starts moving towards the 52-week high or 52-week low, investors may pay added attention to see if there will be a breakthrough that level. Over the last 12 weeks, the stock has moved 2.93%. Since the beginning of the calendar year, we can see that shares have changed 13.05%. Over the past 4 weeks, shares have moved 15.84%. Over the previous 5 sessions, the stock has moved 4.73%.

There are many traders who think that proper psychology is one of the most important aspects of becoming successful in the stock market. Traders may need to learn how to become confident while overcoming certain fears and dealing with extreme ups and downs. This may not be easy as individuals all draw off of prior experiences at some level. Being able to convert outside success to the stock market may take some work. Traders who are able to overcome previous bias may be on the right path for having the proper mindset when entering the market.

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