Media headlines about Norfolk Souther Corporation (NYSE:NSC) have trended somewhat positive this week, Accern Sentiment reports. The research group scores the sentiment of press coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Norfolk Souther Corporation earned a news sentiment score of 0.11 on Accern’s scale. Accern also gave media headlines about the railroad operator an impact score of 45.7626190391148 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
These are some of the media headlines that may have effected Accern Sentiment Analysis’s scoring:
- Will CSX Manage to Surpass Analysts’ Revenue Estimates in 3Q17? (finance.yahoo.com)
- Norfolk Souther Corporation (NSC) Receives Hold Rating from Aegis (americanbankingnews.com)
- Norfolk Souther Corporation (NSC) Expected to Post Q4 2017 Earnings of $1.54 Per Share (americanbankingnews.com)
- Norfolk Souther Corporation (NSC) Given Average Recommendation of “Hold” by Brokerages (americanbankingnews.com)
- Inside Norfolk Southern’s Freight Volume Growth in Week 39 (marketrealist.com)
Shares of Norfolk Souther Corporation (NSC) traded up 1.67% on Thursday, hitting $133.69. The firm has a market cap of $38.53 billion, a PE ratio of 21.72 and a beta of 1.38. Norfolk Souther Corporation has a 52 week low of $89.95 and a 52 week high of $133.97. The company’s 50-day moving average price is $127.13 and its 200-day moving average price is $120.06.
Norfolk Souther Corporation (NYSE:NSC) last posted its quarterly earnings results on Wednesday, July 26th. The railroad operator reported $1.71 EPS for the quarter, beating the consensus estimate of $1.65 by $0.06. The firm had revenue of $2.64 billion during the quarter, compared to analysts’ expectations of $2.64 billion. Norfolk Souther Corporation had a return on equity of 14.45% and a net margin of 17.66%. The company’s revenue for the quarter was up 7.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.36 EPS. On average, equities analysts anticipate that Norfolk Souther Corporation will post $6.35 earnings per share for the current fiscal year.
Norfolk Souther Corporation declared that its Board of Directors has initiated a share buyback program on Tuesday, September 26th that authorizes the company to repurchase 50,000,000 shares. This repurchase authorization authorizes the railroad operator to purchase shares of its stock through open market purchases. Shares repurchase programs are often an indication that the company’s management believes its stock is undervalued.
NSC has been the topic of a number of research reports. ValuEngine upgraded Norfolk Souther Corporation from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Credit Suisse Group restated an “outperform” rating and issued a $139.00 price objective (up from $133.00) on shares of Norfolk Souther Corporation in a report on Thursday, July 13th. They noted that the move was a valuation call. Royal Bank Of Canada restated a “sell” rating and issued a $117.00 price objective on shares of Norfolk Souther Corporation in a report on Tuesday, August 29th. Cowen and Company restated a “buy” rating and issued a $130.00 price objective on shares of Norfolk Souther Corporation in a report on Tuesday, July 11th. Finally, Stifel Nicolaus restated a “hold” rating and issued a $124.00 price objective on shares of Norfolk Souther Corporation in a report on Tuesday, September 12th. Five analysts have rated the stock with a sell rating, sixteen have given a hold rating and seven have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $115.18.
In other news, VP Thomas E. Hurlbut sold 300 shares of the stock in a transaction that occurred on Tuesday, August 29th. The stock was sold at an average price of $118.80, for a total value of $35,640.00. Following the completion of the transaction, the vice president now directly owns 4,000 shares of the company’s stock, valued at approximately $475,200. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, COO Michael Joseph Wheeler sold 2,370 shares of the stock in a transaction that occurred on Friday, August 25th. The stock was sold at an average price of $118.68, for a total value of $281,271.60. Following the completion of the transaction, the chief operating officer now directly owns 13,492 shares of the company’s stock, valued at $1,601,230.56. The disclosure for this sale can be found here. Over the last three months, insiders sold 27,077 shares of company stock valued at $3,244,531. 0.36% of the stock is currently owned by insiders.
Norfolk Souther Corporation Company Profile
Norfolk Southern Corporation is a holding company engaged in the rail transportation business. As of December 31, 2016, the Company operated approximately 19,500 miles of road primarily in the East and Midwest. The Company is engaged in the rail transportation of raw materials, intermediate products and finished goods primarily in the Southeast, East and Midwest.
Receive News & Ratings for Norfolk Souther Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Norfolk Souther Corporation and related companies with MarketBeat.com's FREE daily email newsletter.