Norfolk Southern (NYSE:NSC) PT Raised to $275.00

Norfolk Southern (NYSE:NSC - Get Free Report) had its price target increased by research analysts at JPMorgan Chase & Co. from $240.00 to $275.00 in a research note issued on Tuesday, Benzinga reports. The firm currently has an "overweight" rating on the railroad operator's stock. JPMorgan Chase & Co.'s price target suggests a potential upside of 8.53% from the stock's current price.

NSC has been the subject of several other research reports. BMO Capital Markets reduced their price objective on shares of Norfolk Southern from $250.00 to $245.00 and set a "market perform" rating for the company in a research note on Monday, January 29th. The Goldman Sachs Group boosted their target price on shares of Norfolk Southern from $252.00 to $283.00 and gave the stock a "buy" rating in a research report on Thursday, March 21st. Citigroup increased their price target on shares of Norfolk Southern from $253.00 to $286.00 and gave the company a "buy" rating in a report on Thursday, February 8th. UBS Group upgraded shares of Norfolk Southern from a "neutral" rating to a "buy" rating and raised their price target for the stock from $238.00 to $302.00 in a research report on Monday, March 4th. Finally, Barclays raised shares of Norfolk Southern from an "equal weight" rating to an "overweight" rating and upped their price objective for the company from $255.00 to $305.00 in a research report on Wednesday, February 21st. One analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, Norfolk Southern presently has a consensus rating of "Moderate Buy" and an average price target of $257.41.

Norfolk Southern Stock Up 1.3 %

NYSE NSC traded up $3.13 on Tuesday, reaching $253.39. The stock had a trading volume of 1,295,179 shares, compared to its average volume of 1,310,469. Norfolk Southern has a 1 year low of $183.09 and a 1 year high of $263.66. The business has a 50 day moving average price of $253.90 and a 200 day moving average price of $228.62. The company has a current ratio of 1.24, a quick ratio of 1.14 and a debt-to-equity ratio of 1.34. The company has a market capitalization of $62.39 billion, a price-to-earnings ratio of 31.59, a P/E/G ratio of 3.35 and a beta of 1.30.

Norfolk Southern (NYSE:NSC - Get Free Report) last announced its quarterly earnings results on Friday, January 26th. The railroad operator reported $2.83 EPS for the quarter, missing the consensus estimate of $2.87 by ($0.04). The firm had revenue of $3.10 billion during the quarter, compared to the consensus estimate of $3.09 billion. Norfolk Southern had a net margin of 15.03% and a return on equity of 21.06%. The company's quarterly revenue was down 4.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.42 EPS. On average, analysts forecast that Norfolk Southern will post 12.14 EPS for the current fiscal year.

Institutional Trading of Norfolk Southern

Several institutional investors and hedge funds have recently added to or reduced their stakes in NSC. Raleigh Capital Management Inc. raised its stake in Norfolk Southern by 4.4% in the 4th quarter. Raleigh Capital Management Inc. now owns 956 shares of the railroad operator's stock worth $226,000 after purchasing an additional 40 shares in the last quarter. MCF Advisors LLC raised its position in Norfolk Southern by 4.2% during the fourth quarter. MCF Advisors LLC now owns 1,016 shares of the railroad operator's stock valued at $240,000 after purchasing an additional 41 shares in the last quarter. Fiduciary Group LLC raised its holdings in shares of Norfolk Southern by 0.4% during the 4th quarter. Fiduciary Group LLC now owns 9,986 shares of the railroad operator's stock worth $2,360,000 after buying an additional 41 shares in the last quarter. ZWJ Investment Counsel Inc. raised its stake in Norfolk Southern by 0.6% during the fourth quarter. ZWJ Investment Counsel Inc. now owns 7,456 shares of the railroad operator's stock worth $1,762,000 after acquiring an additional 43 shares in the last quarter. Finally, Wealthcare Advisory Partners LLC lifted its holdings in shares of Norfolk Southern by 2.6% in the fourth quarter. Wealthcare Advisory Partners LLC now owns 1,679 shares of the railroad operator's stock worth $397,000 after acquiring an additional 43 shares during the last quarter. 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.