Shares of Norfolk Southern Corp. (NYSE:NSC) have received a consensus rating of “Hold” from the twenty-two brokerages that are presently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and nine have assigned a buy rating to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $164.42.
NSC has been the topic of a number of analyst reports. Stifel Nicolaus set a $180.00 price objective on shares of Norfolk Southern and gave the stock a “hold” rating in a research note on Wednesday, August 8th. Deutsche Bank upgraded shares of Norfolk Southern from a “hold” rating to a “buy” rating and set a $205.00 price objective on the stock in a research note on Tuesday, August 14th. Loop Capital increased their price objective on shares of Norfolk Southern to $179.00 and gave the stock a “hold” rating in a research note on Thursday, August 16th. Argus increased their price objective on shares of Norfolk Southern from $170.00 to $185.00 and gave the stock a “buy” rating in a research note on Tuesday, July 31st. Finally, TD Securities increased their price objective on shares of Norfolk Southern from $165.00 to $175.00 and gave the stock a “hold” rating in a research note on Thursday, July 26th.
In other news, Chairman James A. Squires sold 34,077 shares of the firm’s stock in a transaction that occurred on Monday, August 13th. The shares were sold at an average price of $171.73, for a total value of $5,852,043.21. Following the sale, the chairman now directly owns 63,958 shares in the company, valued at approximately $10,983,507.34. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Cynthia C. Earhart sold 2,370 shares of the firm’s stock in a transaction that occurred on Wednesday, August 29th. The shares were sold at an average price of $175.09, for a total transaction of $414,963.30. Following the completion of the sale, the vice president now owns 2,370 shares in the company, valued at $414,963.30. The disclosure for this sale can be found here. Company insiders own 0.36% of the company’s stock.
Institutional investors and hedge funds have recently bought and sold shares of the company. Kaizen Advisory LLC boosted its stake in shares of Norfolk Southern by 138.0% in the 2nd quarter. Kaizen Advisory LLC now owns 664 shares of the railroad operator’s stock valued at $100,000 after purchasing an additional 385 shares in the last quarter. Marshall & Sullivan Inc. WA acquired a new stake in Norfolk Southern during the 2nd quarter worth approximately $102,000. Sun Life Financial INC boosted its position in Norfolk Southern by 336.4% during the 2nd quarter. Sun Life Financial INC now owns 768 shares of the railroad operator’s stock worth $116,000 after buying an additional 592 shares during the period. Bay Colony Advisory Group Inc d b a Bay Colony Advisors acquired a new stake in Norfolk Southern during the 2nd quarter worth approximately $117,000. Finally, Highlander Capital Management LLC acquired a new stake in Norfolk Southern during the 1st quarter worth approximately $106,000. Institutional investors own 72.43% of the company’s stock.
NYSE:NSC traded down $0.04 during mid-day trading on Friday, reaching $184.24. 2,243,631 shares of the company’s stock were exchanged, compared to its average volume of 1,719,203. Norfolk Southern has a one year low of $125.59 and a one year high of $186.91. The firm has a market cap of $51.60 billion, a price-to-earnings ratio of 27.87, a P/E/G ratio of 1.68 and a beta of 1.41. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.70 and a current ratio of 0.81.
Norfolk Southern (NYSE:NSC) last released its quarterly earnings results on Wednesday, July 25th. The railroad operator reported $2.50 EPS for the quarter, topping analysts’ consensus estimates of $2.31 by $0.19. Norfolk Southern had a net margin of 52.36% and a return on equity of 14.53%. The business had revenue of $2.90 billion for the quarter, compared to analyst estimates of $2.87 billion. During the same period last year, the firm earned $1.71 earnings per share. Norfolk Southern’s revenue for the quarter was up 9.9% compared to the same quarter last year. sell-side analysts anticipate that Norfolk Southern will post 9.13 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Monday, September 10th. Stockholders of record on Monday, August 6th were paid a $0.80 dividend. This is an increase from Norfolk Southern’s previous quarterly dividend of $0.72. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.74%. The ex-dividend date was Friday, August 3rd. Norfolk Southern’s dividend payout ratio (DPR) is presently 48.41%.
About Norfolk Southern
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.
See Also: NASDAQ
Receive News & Ratings for Norfolk Southern Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Norfolk Southern and related companies with MarketBeat.com's FREE daily email newsletter.