Norfolk Southern (NYSE:NSC) Stock Price Expected to Rise, Evercore ISI Analyst Says

Key Points

• Evercore ISI raised its target price for Norfolk Southern from $289.00 to $298.00, indicating a potential upside of 0.13% from the stock's previous close.
• Analysts have varied opinions on Norfolk Southern, with seven rating it as a Buy and fourteen as a Hold, leading to an average rating of "Hold" and a consensus price target of $288.45.
• The stock opened at $297.61 and has seen a twelve-month low of $201.63 and a high of $298.42, reflecting its volatility and market performance.

Norfolk Southern (NYSE:NSC - Get Free Report) had its target price increased by stock analysts at Evercore ISI from $289.00 to $298.00 in a research report issued to clients and investors on Thursday,MarketScreener reports. Evercore ISI's price objective points to a potential upside of 0.13% from the stock's previous close.

NSC has been the topic of a number of other reports. Robert W. Baird increased their target price on Norfolk Southern from $255.00 to $300.00 and gave the stock a "neutral" rating in a report on Tuesday, July 22nd. Baird R W raised Norfolk Southern to a "hold" rating in a research report on Tuesday, July 1st. Benchmark lowered Norfolk Southern from a "buy" rating to a "hold" rating in a report on Wednesday, July 30th. Loop Capital raised their target price on Norfolk Southern from $235.00 to $278.00 and gave the stock a "hold" rating in a research note on Tuesday, September 16th. Finally, Sanford C. Bernstein lifted their price target on Norfolk Southern from $295.00 to $305.00 and gave the company an "outperform" rating in a research report on Monday, July 21st. Seven analysts have rated the stock with a Buy rating and fourteen have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $288.45.

Norfolk Southern Trading Up 1.0%

NSC opened at $297.61 on Thursday. Norfolk Southern has a twelve month low of $201.63 and a twelve month high of $298.42. The company has a 50-day simple moving average of $280.68 and a 200 day simple moving average of $253.47. The company has a quick ratio of 0.71, a current ratio of 0.79 and a debt-to-equity ratio of 1.11. The stock has a market capitalization of $66.85 billion, a price-to-earnings ratio of 20.11, a P/E/G ratio of 2.61 and a beta of 1.29.

Norfolk Southern (NYSE:NSC - Get Free Report) last issued its earnings results on Tuesday, July 29th. The railroad operator reported $3.29 EPS for the quarter, topping the consensus estimate of $3.24 by $0.05. Norfolk Southern had a return on equity of 19.35% and a net margin of 27.51%.The firm had revenue of $3.11 billion during the quarter, compared to the consensus estimate of $3.10 billion. Norfolk Southern has set its FY 2025 guidance at EPS. Analysts predict that Norfolk Southern will post 13 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. BNP Paribas bought a new stake in shares of Norfolk Southern in the 2nd quarter valued at approximately $26,000. True Wealth Design LLC boosted its position in Norfolk Southern by 423.8% during the 2nd quarter. True Wealth Design LLC now owns 110 shares of the railroad operator's stock valued at $28,000 after acquiring an additional 89 shares in the last quarter. WPG Advisers LLC bought a new stake in Norfolk Southern during the 1st quarter valued at $27,000. NewSquare Capital LLC grew its stake in Norfolk Southern by 58.5% during the 2nd quarter. NewSquare Capital LLC now owns 130 shares of the railroad operator's stock worth $33,000 after buying an additional 48 shares during the last quarter. Finally, Financial Gravity Companies Inc. purchased a new position in Norfolk Southern during the 2nd quarter worth $35,000. 75.10% of the stock is owned by institutional investors.

Norfolk Southern Company Profile

Norfolk Southern Corporation, together with its subsidiaries, engages in the rail transportation of raw materials, intermediate products, and finished goods in the United States. The company transports agriculture, forest, and consumer products comprising soybeans, wheat, corn, fertilizers, livestock and poultry feed, food products, food oils, flour, sweeteners, ethanol, lumber and wood products, pulp board and paper products, wood fibers, wood pulp, beverages, and canned goods; chemicals consist of sulfur and related chemicals, petroleum products comprising crude oil, chlorine and bleaching compounds, plastics, rubber, industrial chemicals, chemical wastes, sand, and natural gas liquids; metals and construction materials, such as steel, aluminum products, machinery, scrap metals, cement, aggregates, minerals, clay, transportation equipment, and military-related products; and automotive, including finished motor vehicles and automotive parts, as well as coal.

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