Norfolk Southern (NYSE:NSC) Price Target Lowered to $275.00 at Barclays

Norfolk Southern (NYSE:NSC - Get Free Report) had its target price dropped by stock analysts at Barclays from $305.00 to $275.00 in a note issued to investors on Monday, Benzinga reports. The firm currently has an "overweight" rating on the railroad operator's stock. Barclays's price objective points to a potential upside of 19.06% from the company's current price.

Several other research firms also recently commented on NSC. 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. Stifel Nicolaus boosted their price target on shares of Norfolk Southern from $233.00 to $244.00 and gave the stock a "hold" rating in a report on Friday, April 12th. Benchmark restated a "buy" rating and set a $277.00 price target on shares of Norfolk Southern in a report on Thursday, April 25th. Citigroup boosted their price target on shares of Norfolk Southern from $253.00 to $286.00 and gave the stock a "buy" rating in a report on Thursday, February 8th. Finally, TD Cowen boosted their price target on shares of Norfolk Southern from $236.00 to $253.00 and gave the stock a "market perform" rating in a report on Thursday, March 21st. One research analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have assigned a buy rating to the company's stock. According to MarketBeat, Norfolk Southern currently has a consensus rating of "Moderate Buy" and an average price target of $260.74.

Norfolk Southern Stock Up 0.3 %

Shares of NYSE:NSC traded up $0.69 during midday trading on Monday, hitting $230.98. 2,171,896 shares of the company's stock were exchanged, compared to its average volume of 1,379,111. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.68 and a quick ratio of 0.61. The stock has a 50 day moving average price of $247.31 and a 200-day moving average price of $235.19. The company has a market cap of $52.18 billion, a PE ratio of 37.16, a price-to-earnings-growth ratio of 3.23 and a beta of 1.30. Norfolk Southern has a 12 month low of $183.09 and a 12 month high of $263.66.

Norfolk Southern (NYSE:NSC - Get Free Report) last posted its earnings results on Wednesday, April 24th. The railroad operator reported $2.49 EPS for the quarter, missing the consensus estimate of $2.58 by ($0.09). The business had revenue of $3 billion for the quarter, compared to the consensus estimate of $3.05 billion. Norfolk Southern had a return on equity of 19.61% and a net margin of 11.76%. The company's revenue was down 4.1% on a year-over-year basis. During the same period in the previous year, the firm earned $3.32 earnings per share. On average, sell-side analysts anticipate that Norfolk Southern will post 11.62 EPS for the current fiscal year.

Institutional Trading of Norfolk Southern

Several hedge funds and other institutional investors have recently modified their holdings of NSC. Cedar Wealth Management LLC bought a new stake in shares of Norfolk Southern in the first quarter valued at approximately $27,000. Provence Wealth Management Group bought a new stake in Norfolk Southern during the 3rd quarter worth approximately $28,000. Exchange Traded Concepts LLC increased its holdings in Norfolk Southern by 662.5% during the 4th quarter. Exchange Traded Concepts LLC now owns 122 shares of the railroad operator's stock worth $29,000 after acquiring an additional 106 shares during the period. Operose Advisors LLC bought a new stake in Norfolk Southern during the 3rd quarter worth approximately $32,000. Finally, Orion Capital Management LLC bought a new stake in Norfolk Southern during the 3rd quarter worth approximately $32,000. Institutional investors own 75.10% 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 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.