Analysts Set Norfolk Southern (NSC) Target Price at $138.28

Norfolk Southern (NYSE:NSC) has been assigned a consensus recommendation of “Hold” from the twenty-four analysts that are presently covering the firm, Marketbeat.com reports. Three investment analysts have rated the stock with a sell recommendation, fourteen have given a hold recommendation and seven have assigned a buy recommendation to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $138.28.

NSC has been the topic of several recent research reports. Zacks Investment Research raised Norfolk Southern from a “hold” rating to a “buy” rating and set a $166.00 price objective on the stock in a research note on Monday, January 29th. Credit Suisse Group reaffirmed a “buy” rating and issued a $177.00 price objective on shares of Norfolk Southern in a research note on Wednesday, January 17th. Scotiabank raised Norfolk Southern from a “sector perform” rating to a “buy” rating and set a $165.00 price objective on the stock in a research note on Friday, January 12th. ValuEngine raised Norfolk Southern from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Finally, BMO Capital Markets reaffirmed a “hold” rating and issued a $156.00 price objective on shares of Norfolk Southern in a research note on Monday, January 8th.

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Shares of NYSE NSC traded down $4.34 during trading on Friday, hitting $129.36. The company had a trading volume of 2,298,519 shares, compared to its average volume of 1,909,193. The company has a quick ratio of 0.76, a current ratio of 0.84 and a debt-to-equity ratio of 0.56. Norfolk Southern has a 12 month low of $111.07 and a 12 month high of $157.15. The company has a market capitalization of $37,970.42, a P/E ratio of 19.57, a price-to-earnings-growth ratio of 1.32 and a beta of 1.31.

Norfolk Southern (NYSE:NSC) last posted its quarterly earnings data on Wednesday, January 24th. The railroad operator reported $1.69 EPS for the quarter, topping the consensus estimate of $1.56 by $0.13. Norfolk Southern had a return on equity of 14.16% and a net margin of 51.22%. The firm had revenue of $2.67 billion for the quarter, compared to the consensus estimate of $2.66 billion. During the same quarter last year, the company earned $1.42 earnings per share. The business’s revenue for the quarter was up 7.2% compared to the same quarter last year. research analysts anticipate that Norfolk Southern will post 8.42 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Saturday, March 10th. Investors of record on Friday, February 2nd were paid a dividend of $0.72 per share. This represents a $2.88 annualized dividend and a yield of 2.23%. The ex-dividend date of this dividend was Thursday, February 1st. This is an increase from Norfolk Southern’s previous quarterly dividend of $0.61. Norfolk Southern’s dividend payout ratio (DPR) is 43.57%.

In other Norfolk Southern news, VP Thomas E. Hurlbut sold 467 shares of the firm’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $150.17, for a total transaction of $70,129.39. Following the completion of the transaction, the vice president now owns 5,000 shares in the company, valued at approximately $750,850. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman James A. Squires sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $150.10, for a total value of $1,501,000.00. The disclosure for this sale can be found here. Insiders have sold a total of 13,166 shares of company stock worth $1,958,040 in the last three months. 0.36% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Somerset Trust Co grew its holdings in Norfolk Southern by 2.4% during the 4th quarter. Somerset Trust Co now owns 14,222 shares of the railroad operator’s stock valued at $2,061,000 after buying an additional 338 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Norfolk Southern by 0.5% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 63,624 shares of the railroad operator’s stock valued at $9,219,000 after buying an additional 345 shares in the last quarter. HM Payson & Co. grew its holdings in Norfolk Southern by 2.2% during the 4th quarter. HM Payson & Co. now owns 17,088 shares of the railroad operator’s stock valued at $2,476,000 after buying an additional 363 shares in the last quarter. United Bank grew its holdings in Norfolk Southern by 3.9% during the 4th quarter. United Bank now owns 9,708 shares of the railroad operator’s stock valued at $1,407,000 after buying an additional 365 shares in the last quarter. Finally, First Allied Advisory Services Inc. grew its holdings in Norfolk Southern by 7.6% during the 4th quarter. First Allied Advisory Services Inc. now owns 5,386 shares of the railroad operator’s stock valued at $781,000 after buying an additional 379 shares in the last quarter. Institutional investors and hedge funds own 72.48% of the company’s stock.

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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.

Analyst Recommendations for Norfolk Southern (NYSE:NSC)

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