Credit Suisse Group Lowers Norfolk Southern (NYSE:NSC) Price Target to $278.00

Norfolk Southern (NYSE:NSCGet Rating) had its target price reduced by Credit Suisse Group from $282.00 to $278.00 in a research note released on Tuesday, Marketbeat.com reports. They currently have an outperform rating on the railroad operator’s stock.

Other research analysts have also recently issued reports about the stock. Stifel Nicolaus reduced their price target on shares of Norfolk Southern from $275.00 to $271.00 and set a buy rating on the stock in a research report on Monday, October 17th. Morgan Stanley reduced their target price on shares of Norfolk Southern from $178.00 to $177.00 and set an underweight rating on the stock in a research report on Thursday, October 27th. Benchmark reduced their target price on shares of Norfolk Southern to $250.00 in a research report on Thursday, October 13th. Cowen reduced their target price on shares of Norfolk Southern from $247.00 to $243.00 in a research report on Thursday, October 27th. Finally, Wolfe Research cut shares of Norfolk Southern from an outperform rating to a peer perform rating and set a $245.00 target price on the stock. in a research report on Thursday, November 17th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of Hold and an average price target of $243.71.

Norfolk Southern Trading Up 0.7 %

Shares of NSC stock opened at $251.10 on Tuesday. The stock has a market cap of $58.13 billion, a price-to-earnings ratio of 18.46, a price-to-earnings-growth ratio of 1.97 and a beta of 1.32. The company has a quick ratio of 0.87, a current ratio of 0.97 and a debt-to-equity ratio of 1.11. Norfolk Southern has a fifty-two week low of $203.65 and a fifty-two week high of $299.20. The firm’s 50 day moving average price is $226.70 and its two-hundred day moving average price is $235.54.

Norfolk Southern Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, November 21st. Shareholders of record on Friday, November 4th were issued a $1.24 dividend. This represents a $4.96 dividend on an annualized basis and a yield of 1.98%. The ex-dividend date of this dividend was Thursday, November 3rd. Norfolk Southern’s payout ratio is 36.47%.

Institutional Trading of Norfolk Southern

Several institutional investors and hedge funds have recently bought and sold shares of the stock. U.S. Capital Wealth Advisors LLC raised its holdings in Norfolk Southern by 2.1% during the 2nd quarter. U.S. Capital Wealth Advisors LLC now owns 1,980 shares of the railroad operator’s stock worth $450,000 after buying an additional 40 shares during the period. Canal Capital Management LLC raised its holdings in Norfolk Southern by 2.8% during the 2nd quarter. Canal Capital Management LLC now owns 1,589 shares of the railroad operator’s stock worth $361,000 after buying an additional 44 shares during the period. Wayfinding Financial LLC raised its holdings in Norfolk Southern by 5.1% during the 1st quarter. Wayfinding Financial LLC now owns 929 shares of the railroad operator’s stock worth $237,000 after buying an additional 45 shares during the period. CX Institutional raised its holdings in Norfolk Southern by 6.3% during the 1st quarter. CX Institutional now owns 758 shares of the railroad operator’s stock worth $216,000 after buying an additional 45 shares during the period. Finally, Somerset Trust Co raised its holdings in Norfolk Southern by 0.3% during the 2nd quarter. Somerset Trust Co now owns 17,289 shares of the railroad operator’s stock worth $3,930,000 after buying an additional 45 shares during the period. Institutional investors and hedge funds own 73.44% of the company’s stock.

About Norfolk Southern

(Get Rating)

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.

Featured Stories

Analyst Recommendations for Norfolk Southern (NYSE:NSC)

Receive News & Ratings for Norfolk Southern Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Norfolk Southern and related companies with MarketBeat.com's FREE daily email newsletter.