Norfolk Southern (NYSE:NSC) had its price objective lifted by Loop Capital to $210.00 in a research report sent to investors on Monday, The Fly reports. They currently have a buy rating on the railroad operator’s stock.
Several other analysts have also weighed in on NSC. Zacks Investment Research upgraded shares of Norfolk Southern from a hold rating to a buy rating and set a $191.00 target price on the stock in a research report on Wednesday, November 21st. TD Securities lifted their target price on shares of Norfolk Southern from $180.00 to $185.00 and gave the company a buy rating in a research report on Friday, January 25th. Atlantic Securities assumed coverage on shares of Norfolk Southern in a research report on Tuesday, January 8th. They set a neutral rating on the stock. Stifel Nicolaus upgraded shares of Norfolk Southern from a hold rating to a buy rating and set a $189.00 target price on the stock in a research report on Wednesday, October 24th. Finally, Morgan Stanley boosted their price target on shares of Norfolk Southern from $113.00 to $115.00 and gave the company an underweight rating in a research report on Monday, October 29th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have issued a buy rating to the stock. The company currently has a consensus rating of Buy and a consensus target price of $176.63.
Shares of Norfolk Southern stock opened at $176.95 on Monday. The company has a current ratio of 0.72, a quick ratio of 0.64 and a debt-to-equity ratio of 0.69. Norfolk Southern has a twelve month low of $127.79 and a twelve month high of $186.91. The stock has a market cap of $46.70 billion, a PE ratio of 18.61, a price-to-earnings-growth ratio of 1.58 and a beta of 1.38.
Norfolk Southern (NYSE:NSC) last issued its earnings results on Thursday, January 24th. The railroad operator reported $2.57 earnings per share for the quarter, beating the consensus estimate of $2.30 by $0.27. Norfolk Southern had a net margin of 23.27% and a return on equity of 16.71%. The business had revenue of $2.90 billion for the quarter, compared to analyst estimates of $2.85 billion. During the same period in the previous year, the business earned $1.69 EPS. The firm’s revenue was up 8.5% on a year-over-year basis. Research analysts forecast that Norfolk Southern will post 10.25 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Monday, March 11th. Shareholders of record on Monday, February 4th will be given a $0.86 dividend. The ex-dividend date is Friday, February 1st. This is a positive change from Norfolk Southern’s previous quarterly dividend of $0.80. This represents a $3.44 dividend on an annualized basis and a yield of 1.94%. Norfolk Southern’s payout ratio is 36.17%.
Large investors have recently added to or reduced their stakes in the business. Bruderman Asset Management LLC bought a new position in shares of Norfolk Southern in the fourth quarter worth about $26,000. Intercontinental Wealth Advisors LLC bought a new position in shares of Norfolk Southern in the fourth quarter worth about $27,000. Moody National Bank Trust Division bought a new position in shares of Norfolk Southern in the fourth quarter worth about $31,000. Arlington Partners LLC bought a new position in shares of Norfolk Southern in the fourth quarter worth about $37,000. Finally, Athena Capital Advisors LLC bought a new position in shares of Norfolk Southern in the fourth quarter worth about $39,000. Hedge funds and other institutional investors own 81.25% of the company’s stock.
Norfolk Southern Company Profile
Norfolk Southern Corporation, together with its subsidiaries, engages in the rail transportation of raw materials, intermediate products, and finished goods. It also transports overseas freight through various Atlantic and Gulf Coast ports, as well as coal, automotive, and industrial products; and provides commuter passenger services.
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