Norfolk Southern (NYSE:NSC) had its target price increased by research analysts at Benchmark from $295.00 to $315.00 in a report released on Wednesday, Benzinga reports. The brokerage presently has a "buy" rating on the railroad operator's stock. Benchmark's price target suggests a potential upside of 9.50% from the stock's current price.
Other equities analysts have also recently issued research reports about the company. Credit Suisse Group decreased their price objective on Norfolk Southern from $283.00 to $271.00 and set an "outperform" rating for the company in a report on Thursday, January 28th. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell raised their price target on Norfolk Southern from $250.00 to $290.00 in a report on Monday, January 11th. Barclays upped their price objective on shares of Norfolk Southern from $272.00 to $300.00 and gave the company an "equal weight" rating in a report on Thursday, April 29th. BMO Capital Markets lifted their target price on shares of Norfolk Southern from $250.00 to $285.00 and gave the stock a "market perform" rating in a report on Thursday, April 29th. They noted that the move was a valuation call. Finally, TD Securities boosted their price objective on Norfolk Southern from $305.00 to $315.00 and gave the stock a "buy" rating in a report on Thursday, April 29th. Two analysts have rated the stock with a sell rating, seven have given a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. Norfolk Southern currently has a consensus rating of "Buy" and a consensus price target of $259.24.
Shares of NYSE NSC opened at $287.68 on Wednesday. The stock has a market capitalization of $71.99 billion, a price-to-earnings ratio of 37.02, a PEG ratio of 3.09 and a beta of 1.38. The business has a 50-day moving average of $271.68 and a 200-day moving average of $248.06. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.29 and a quick ratio of 1.16. Norfolk Southern has a fifty-two week low of $157.48 and a fifty-two week high of $288.07.
Norfolk Southern (NYSE:NSC) last announced its quarterly earnings data on Wednesday, April 28th. The railroad operator reported $2.66 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $2.55 by $0.11. The company had revenue of $2.64 billion during the quarter, compared to analysts' expectations of $2.62 billion. Norfolk Southern had a return on equity of 15.83% and a net margin of 20.27%. Norfolk Southern's revenue for the quarter was up .5% compared to the same quarter last year. During the same quarter last year, the company earned $2.58 EPS. On average, sell-side analysts expect that Norfolk Southern will post 9.1 EPS for the current year.
In related news, EVP Ann A. Adams sold 2,460 shares of the company's stock in a transaction dated Friday, February 19th. The shares were sold at an average price of $255.00, for a total value of $627,300.00. Following the sale, the executive vice president now owns 9,601 shares in the company, valued at approximately $2,448,255. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.32% of the company's stock.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Clear Perspectives Financial Planning LLC purchased a new stake in Norfolk Southern in the 4th quarter valued at about $30,000. Vantage Consulting Group Inc purchased a new stake in Norfolk Southern in the 4th quarter valued at about $31,000. Better Money Decisions LLC purchased a new stake in Norfolk Southern in the 1st quarter valued at about $34,000. Norway Savings Bank increased its stake in Norfolk Southern by 416.7% in the 4th quarter. Norway Savings Bank now owns 155 shares of the railroad operator's stock valued at $37,000 after buying an additional 125 shares during the last quarter. Finally, Orion Capital Management LLC purchased a new stake in Norfolk Southern in the 4th quarter valued at about $38,000. Institutional investors own 67.25% of the company's stock.
About Norfolk Southern
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 industrial products, including agriculture, forest and consumer products, chemicals, and metals and construction materials; and coal, automobiles, and automotive parts.
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