JPMorgan Chase & Co. Cuts Norfolk Southern (NYSE:NSC) Price Target to $318.00

Posted by Francis Steltz on Oct 8th, 2026

Norfolk Southern (NYSE:NSC – Free Report) had its price target cut by JPMorgan Chase & Co. from $338.00 to $318.00 in a research report released on Monday,Benzinga reports. They currently have a neutral rating on the railroad operator’s stock.

A number of other equities research analysts have also recently commented on NSC. BMO Capital Markets upped their target price on shares of Norfolk Southern from $310.00 to $355.00 and gave the company a “market perform” rating in a report on Monday, July 27th. Robert W. Baird raised their price target on Norfolk Southern from $360.00 to $377.00 and gave the stock a “neutral” rating in a report on Monday, July 27th. Weiss Ratings cut Norfolk Southern from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday, September 25th. Citigroup boosted their price target on Norfolk Southern from $351.00 to $376.00 and gave the company a “neutral” rating in a research report on Friday, July 24th. Finally, TD Cowen upped their price objective on Norfolk Southern from $337.00 to $376.00 and gave the company a “buy” rating in a research note on Friday, July 24th. Seven equities research analysts have rated the stock with a Buy rating and fourteen have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Norfolk Southern currently has a consensus rating of “Hold” and an average price target of $346.94.

Check Out Our Latest Stock Report on Norfolk Southern

Norfolk Southern Stock Performance

Shares of NSC opened at $313.01 on Monday. The company has a current ratio of 0.83, a quick ratio of 0.73 and a debt-to-equity ratio of 0.98. The firm has a market cap of $70.31 billion, a PE ratio of 26.71, a price-to-earnings-growth ratio of 4.74 and a beta of 1.29. The company’s 50 day simple moving average is $329.46 and its 200-day simple moving average is $317.55. Norfolk Southern has a 12-month low of $277.80 and a 12-month high of $358.60.

Norfolk Southern (NYSE:NSC – Get Free Report) last released its quarterly earnings results on Thursday, July 23rd. The railroad operator reported $3.52 EPS for the quarter, beating the consensus estimate of $3.32 by $0.20. Norfolk Southern had a net margin of 21.02% and a return on equity of 18.21%. The firm had revenue of $3.46 billion during the quarter, compared to the consensus estimate of $3.38 billion. During the same quarter in the prior year, the firm earned $3.29 EPS. Norfolk Southern’s revenue for the quarter was up 12.5% on a year-over-year basis. As a group, equities analysts predict that Norfolk Southern will post 12.75 EPS for the current year.

Norfolk Southern Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, August 20th. Stockholders of record on Friday, August 7th were paid a $1.35 dividend. This represents a $5.40 annualized dividend and a dividend yield of 1.7%. The ex-dividend date was Friday, August 7th. Norfolk Southern’s dividend payout ratio (DPR) is 46.08%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Sovereign Financial Group Inc. increased its position in Norfolk Southern by 3.3% in the first quarter. Sovereign Financial Group Inc. now owns 1,108 shares of the railroad operator’s stock worth $318,000 after buying an additional 35 shares during the period. Bar Harbor Wealth Management boosted its holdings in shares of Norfolk Southern by 0.6% during the first quarter. Bar Harbor Wealth Management now owns 6,290 shares of the railroad operator’s stock valued at $1,805,000 after acquiring an additional 36 shares during the period. Apollon Financial LLC boosted its holdings in shares of Norfolk Southern by 4.3% during the first quarter. Apollon Financial LLC now owns 881 shares of the railroad operator’s stock valued at $253,000 after acquiring an additional 36 shares during the period. Moss Adams Wealth Advisors LLC grew its position in shares of Norfolk Southern by 4.6% during the first quarter. Moss Adams Wealth Advisors LLC now owns 827 shares of the railroad operator’s stock worth $237,000 after acquiring an additional 36 shares during the last quarter. Finally, Turtle Creek Wealth Advisors LLC increased its holdings in shares of Norfolk Southern by 4.4% in the 1st quarter. Turtle Creek Wealth Advisors LLC now owns 952 shares of the railroad operator’s stock worth $273,000 after acquiring an additional 40 shares during the period. 75.10% of the stock is currently owned by institutional investors and hedge funds.

Norfolk Southern Company Profile

(Get Free Report)

Norfolk Southern Corporation (NYSE: NSC) is a transportation company that operates one of the largest rail networks in the eastern United States. Through its principal subsidiary, Norfolk Southern Railway, the company provides freight rail transportation and related services for industrial, agricultural and consumer markets.

Norfolk Southern’s network serves 22 states and the District of Columbia, connecting major ports, manufacturing centers and distribution hubs across the East Coast and the Midwest.