Media stories about Norfolk Southern (NYSE:NSC) have been trending somewhat positive on Saturday, Accern Sentiment Analysis reports. The research group identifies negative and positive press coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Norfolk Southern earned a news impact score of 0.11 on Accern’s scale. Accern also assigned media headlines about the railroad operator an impact score of 46.5903072888795 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Here are some of the news stories that may have effected Accern Sentiment’s rankings:
- Here’s Why We Think Norfolk Southern Will Grow Strongly In The Near Term (trefis.com)
- Loop Capital Increases Norfolk Southern (NSC) Price Target to $144.00 (americanbankingnews.com)
- Norfolk Southern facilitated over $1 billion in industrial development along rail lines in 2017 (finance.yahoo.com)
- Comparing Norfolk Southern (NSC) & Knight-Swift Transportation (SWFT) (americanbankingnews.com)
- Early Moves to Watch – Norfolk Southern Corporation (NYSE: NSC) – Alpha Beta Stock (alphabetastock.com)
Shares of Norfolk Southern (NYSE NSC) traded up $0.33 during midday trading on Friday, reaching $154.34. 1,850,000 shares of the company were exchanged, compared to its average volume of 1,520,000. Norfolk Southern has a one year low of $105.89 and a one year high of $156.08. The stock has a market cap of $44,160.00, a PE ratio of 24.54, a P/E/G ratio of 1.77 and a beta of 1.37. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.73 and a current ratio of 0.83.
Norfolk Southern (NYSE:NSC) last issued its quarterly earnings results on Wednesday, October 25th. The railroad operator reported $1.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.64 by $0.11. Norfolk Southern had a net margin of 17.86% and a return on equity of 14.72%. The company had revenue of $2.67 billion during the quarter, compared to analysts’ expectations of $2.65 billion. During the same period last year, the company posted $1.55 EPS. Norfolk Southern’s revenue was up 5.8% on a year-over-year basis. research analysts anticipate that Norfolk Southern will post 6.48 earnings per share for the current year.
Norfolk Southern declared that its Board of Directors has initiated a share repurchase plan on Tuesday, September 26th that allows the company to buyback 50,000,000 shares. This buyback authorization allows the railroad operator to repurchase shares of its stock through open market purchases. Shares buyback plans are generally an indication that the company’s board of directors believes its stock is undervalued.
A number of equities research analysts have issued reports on NSC shares. UBS Group raised their price target on shares of Norfolk Southern from $133.00 to $154.00 and gave the stock a “buy” rating in a report on Thursday, October 26th. Credit Suisse Group reissued a “buy” rating and issued a $143.00 price target (up previously from $133.00) on shares of Norfolk Southern in a report on Thursday, October 12th. They noted that the move was a valuation call. Argus raised their price target on shares of Norfolk Southern from $145.00 to $150.00 and gave the stock a “buy” rating in a report on Tuesday, October 31st. Zacks Investment Research raised shares of Norfolk Southern from a “hold” rating to a “buy” rating and set a $147.00 price target on the stock in a report on Wednesday, November 1st. Finally, ValuEngine raised shares of Norfolk Southern from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Four research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and eight have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $132.90.
In related news, COO Michael Joseph Wheeler sold 3,568 shares of Norfolk Southern stock in a transaction dated Thursday, October 26th. The shares were sold at an average price of $133.00, for a total transaction of $474,544.00. Following the completion of the transaction, the chief operating officer now directly owns 15,837 shares of the company’s stock, valued at approximately $2,106,321. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP Thomas E. Hurlbut sold 2,370 shares of Norfolk Southern stock in a transaction dated Wednesday, November 29th. The shares were sold at an average price of $134.71, for a total transaction of $319,262.70. Following the transaction, the vice president now directly owns 6,370 shares of the company’s stock, valued at $858,102.70. The disclosure for this sale can be found here. Over the last three months, insiders have sold 12,113 shares of company stock valued at $1,594,148. 0.36% of the stock is currently owned by corporate insiders.
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About Norfolk Southern
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.
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