Canadian Pacific said to explore Norfolk Southern takeover

The rating is an average of the various different ratings given by analysts and brokers to Norfolk Southern Corporation, and then averaged into one rating by a team of analysts at Zacks in Chicago, Illinois. For example, if a company forecasts future profitability, the estimated P/E will be lower than the current P/E. P/E is calculated by dividing the market price per share by the expected earnings per share, and also referred to as price-to-earnings.

Canadian Pacific and Norfolk Southern could not be immediately reached for comment. Norfolk Southern Corporation stands at 11.40% and its gross margin is 38.10%. The 50-Day Moving Average price is $79.10 and the 200 Day Moving Average price is recorded at $86.21.

Here are the numbers with regard to valuation of Norfolk Southern Corporation It has a market cap of 26459.27 with a P/E of 15.94, a P/S of 2.44 and earnings per share this year of 5.60%.

Julie Piggott, the chief financial officer of the railroad at Warren Buffett’s Berkshire Hathaway Inc., said government watchdogs may be reluctant to allow more consolidation of major companies in her industry.

There are now twenty-nine analysts that cover Norfolk Southern Corp stock. On a consensus basis this yields to a Hold rating. The earnings per share is used as an indicator of a company’s profitability of loss. They now have a $76.00 price target on the stock, down previously from $91.00. On the date of report, the stock closed at $80.39.

Another research firm was Barclays who downgraded their Equal-weight rating to Underweight on October 5. The stock was bought at an average price of $81.38 per share, with a total value of $244,140.00.

Norfolk Southern has about 30,000 employees, more than 1,150 of those in Hampton Roads.

Norfolk Southern Corporation (Norfolk Southern) is a Virginia based company that controls a railroad, Norfolk Southern Railway Company. CP Rail in a release said it has “no material news pending at this time”. The Company also transports overseas freight through various Atlantic and Gulf Coast ports. It provides logistics services and offers intermodal network in the eastern half of the United States. The Company’s general merchandise market group is composed of five commodity groupings: chemicals; metals and construction; agriculture, consumer products, and Government; automotive, and paper, clay and forest products.