Norfolk Southern - NSC Stock Forecast, Price & News

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, scrap paper, beverages, canned goods, and consumer products; chemicals consist of sulfur and related chemicals, petroleum products, chlorine and bleaching compounds, plastics, rubber, industrial chemicals, chemical wastes, and sand; 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. It also transports overseas freight through various Atlantic and Gulf Coast ports; and provides commuter rail passenger transportation services and operates an intermodal network. As of December 31, 2021, the company operated approximately 19,300 route miles in 22 states and the District of Columbia. Norfolk Southern Corporation was incorporated in 1980 and is based in Atlanta, Georgia.

Analysts Set New Price Targets

A number of equities analysts have weighed in on NSC shares. Credit Suisse Group began coverage on shares of Norfolk Southern in a research note on Monday, June 27th. They set an "outperform" rating and a $267.00 price target on the stock. Citigroup downgraded Norfolk Southern from a "buy" rating to a "neutral" rating and lowered their price target for the company from $345.00 to $260.00 in a research report on Thursday, May 19th. Susquehanna Bancshares cut their price objective on Norfolk Southern from $350.00 to $275.00 in a report on Wednesday, July 6th. Cowen decreased their target price on Norfolk Southern from $331.00 to $316.00 in a report on Thursday, July 28th. Finally, TD Securities raised their price target on shares of Norfolk Southern from $300.00 to $305.00 and gave the company a "buy" rating in a report on Thursday, April 28th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and ten have assigned a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $283.10.

Norfolk Southern Stock Up 0.2 %

NSC opened at $257.61 on Wednesday. The stock's fifty day moving average is $236.03 and its 200-day moving average is $252.73. The company has a market capitalization of $60.50 billion, a PE ratio of 20.51, a P/E/G ratio of 1.90 and a beta of 1.32. Norfolk Southern has a one year low of $217.00 and a one year high of $299.20. The company has a debt-to-equity ratio of 1.10, a quick ratio of 0.98 and a current ratio of 1.10.

Norfolk Southern (NYSE:NSC - Get Rating) last posted its quarterly earnings data on Wednesday, July 27th. The railroad operator reported $3.45 earnings per share for the quarter, missing the consensus estimate of $3.48 by ($0.03). Norfolk Southern had a net margin of 25.57% and a return on equity of 22.42%. The business had revenue of $3.25 billion for the quarter, compared to the consensus estimate of $3.14 billion. During the same quarter last year, the business posted $3.28 EPS. The business's revenue for the quarter was up 16.1% on a year-over-year basis. On average, equities analysts predict that Norfolk Southern will post 13.67 EPS for the current fiscal year.

Norfolk Southern Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Saturday, August 20th. Shareholders of record on Monday, August 8th will be paid a $1.24 dividend. This represents a $4.96 dividend on an annualized basis and a yield of 1.93%. The ex-dividend date is Friday, August 5th. Norfolk Southern's dividend payout ratio (DPR) is presently 39.49%.

Insiders Place Their Bets

In other Norfolk Southern news, CEO Alan H. Shaw sold 1,000 shares of the stock in a transaction on Wednesday, June 1st. The shares were sold at an average price of $241.84, for a total value of $241,840.00. Following the completion of the sale, the chief executive officer now directly owns 34,255 shares of the company's stock, valued at approximately $8,284,229.20. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Norfolk Southern news, Director James A. Squires sold 105,420 shares of Norfolk Southern stock in a transaction on Tuesday, August 2nd. The stock was sold at an average price of $248.81, for a total transaction of $26,229,550.20. Following the completion of the transaction, the director now directly owns 42,728 shares of the company's stock, valued at $10,631,153.68. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Alan H. Shaw sold 1,000 shares of the stock in a transaction dated Wednesday, June 1st. The stock was sold at an average price of $241.84, for a total transaction of $241,840.00. Following the sale, the chief executive officer now owns 34,255 shares of the company's stock, valued at approximately $8,284,229.20. The disclosure for this sale can be found here. Insiders own 0.31% of the company's stock.