Shares of Norfolk Southern Co. (NYSE: NSC) have received an average “Moderate buy” recommendation from the twenty-one research firms covering the stock, Bloomberg Ratings reports. One equities research analyst has rated the stock with a sell recommendation, five have given a hold recommendation, and nine have given a buy recommendation to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $283.10. Several research analysts have commented on the company. Wells Fargo & Company cut their price target on Norfolk Southern from $340.00 to $274.00 and set an “overweight” rating on the stock in a research report on Friday, July 15th. Barclays cut their price target on Norfolk Southern from $300.00 to $255.00 and set an “equal weight” rating on the stock in a research report on Tuesday, June 14th.
Citigroup lowered Norfolk Southern from a “buy” rating to a “neutral” rating and cut their price target for the stock from $345.00 to $260.00 in a research report on Thursday, May 19th. Credit Suisse Group assumed coverage on Norfolk Southern in a research report on Monday, June 27th. They set an “outperform” rating and a $267.00 price target on the stock. Finally, JPMorgan Chase & Co. lowered Norfolk Southern from an “overweight” rating to a “neutral” rating and cut their price target for the stock from $306.00 to $258.00 in a research report on Tuesday, July 12th. Shares of NSC opened at $249.85 on Monday. The stock has a 50-day simple moving average of $244.39 and a 200-day simple moving average of $250.12. The company has a debt-to-equity ratio of 1.10, a quick ratio of 0.98, and a current ratio of 1.10. The stock has a market capitalization of $58.68 billion, a PE ratio of 19.89, a PEG ratio of 1.85, and a beta of 1.32. Norfolk Southern has a one-year low of $217.00 and a one-year high of $299.20.
Norfolk Southern (NYSE: NSC) announced its quarterly earnings data on Wednesday, July 27th. The railroad operator reported $3.45 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.48 by ($0.03). The company had revenue of $3.25 billion during the quarter, compared to analysts’ expectations of $3.14 billion. Norfolk Southern had a net margin of 25.57% and a return on equity of 22.42%. The business’s quarterly revenue was up 16.1% compared to last year’s last quarter. During the same quarter in the previous year, the company posted $3.28 EPS. Analysts predict that Norfolk Southern will post 13.66 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Saturday, August 20th. On Monday, August 8th were issued a $1.24 dividend. The ex-dividend date of this dividend was Friday, August 5th. This represents a $4.96 dividend on an annualized basis and a dividend yield of 1.99%. Norfolk Southern’s dividend payout ratio (DPR) is 39.49%. In related news, Director James A. Squires sold 105,420 shares of the company’s stock in a transaction on Tuesday, August 2nd. The stock was sold at an average price of $248.81, for a total value of $26,229,550.20. Following the completion of the transaction, the director now owns 42,728 shares in the company, valued at $10,631,153.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, accessible through the SEC website. Insiders own 0.31% of the company’s stock.
Several institutional investors and hedge funds have recently added or reduced their stakes in NSC. Vectors Research Management LLC boosted its holdings in Norfolk Southern by 468.8% in the fourth quarter. Vectors Research Management LLC now owns 91 shares of the railroad operator’s stock valued at $27,000 after purchasing 75 shares during the last quarter. Blume Capital Management Inc. purchased a new position in Norfolk Southern in the first quarter, valued at about $29,000. NuWave Investment Management LLC purchased a new position in Norfolk Southern in the second quarter, valued at about $25,000. Concord Wealth Partners boosted its holdings in Norfolk Southern by 2,300.0% in the first quarter.
Concord Wealth Partners now owns 120 shares of the railroad operator’s stock valued at $34,000 after purchasing an additional 115 shares during the last quarter. Finally, Worth Asset Management LLC purchased a new position in Norfolk Southern in the first quarter, valued at about $30,000. Institutional investors and hedge funds own 73.44% of the stock.