Norfolk Southern (NYSE:NSC) Reaches New 1-Year High After Analyst Upgrade

Shares of Norfolk Southern Co. (NYSE:NSCGet Free Report) reached a new 52-week high during mid-day trading on Friday after Citigroup raised their price target on the stock from $253.00 to $286.00. Citigroup currently has a buy rating on the stock. Norfolk Southern traded as high as $256.00 and last traded at $255.41, with a volume of 96350 shares trading hands. The stock had previously closed at $254.05.

Several other research analysts have also issued reports on NSC. Sanford C. Bernstein raised shares of Norfolk Southern from a “market perform” rating to an “outperform” rating and set a $272.00 target price on the stock in a research note on Monday, January 22nd. Wells Fargo & Company lowered their price objective on shares of Norfolk Southern from $245.00 to $220.00 and set an “overweight” rating on the stock in a report on Thursday, October 26th. BMO Capital Markets lowered their target price on shares of Norfolk Southern from $250.00 to $245.00 and set a “market perform” rating on the stock in a report on Monday, January 29th. Bank of America raised shares of Norfolk Southern from a “neutral” rating to a “buy” rating and boosted their target price for the company from $204.00 to $248.00 in a research report on Friday, December 1st. Finally, Royal Bank of Canada cut their price objective on shares of Norfolk Southern from $215.00 to $207.00 and set a “sector perform” rating for the company in a research report on Monday, January 29th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, Norfolk Southern presently has a consensus rating of “Hold” and a consensus target price of $238.94.

Read Our Latest Stock Report on Norfolk Southern

Institutional Trading of Norfolk Southern

Institutional investors and hedge funds have recently bought and sold shares of the business. MCF Advisors LLC grew its holdings in shares of Norfolk Southern by 4.2% in the 4th quarter. MCF Advisors LLC now owns 1,016 shares of the railroad operator’s stock valued at $240,000 after acquiring an additional 41 shares in the last quarter. Fiduciary Group LLC raised its position in shares of Norfolk Southern by 0.4% in the fourth quarter. Fiduciary Group LLC now owns 9,986 shares of the railroad operator’s stock valued at $2,360,000 after buying an additional 41 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. raised its position in shares of Norfolk Southern by 1.0% in the second quarter. Tokio Marine Asset Management Co. Ltd. now owns 4,221 shares of the railroad operator’s stock valued at $957,000 after buying an additional 43 shares in the last quarter. ZWJ Investment Counsel Inc. raised its position in shares of Norfolk Southern by 0.6% in the fourth quarter. ZWJ Investment Counsel Inc. now owns 7,456 shares of the railroad operator’s stock valued at $1,762,000 after buying an additional 43 shares in the last quarter. Finally, Wealthcare Advisory Partners LLC raised its position in Norfolk Southern by 2.6% during the fourth quarter. Wealthcare Advisory Partners LLC now owns 1,679 shares of the railroad operator’s stock valued at $397,000 after purchasing an additional 43 shares in the last quarter. 72.37% of the stock is currently owned by institutional investors and hedge funds.

Norfolk Southern Trading Up 0.3 %

The firm’s 50-day simple moving average is $234.74 and its 200 day simple moving average is $215.97. The firm has a market capitalization of $57.56 billion, a price-to-earnings ratio of 31.77, a P/E/G ratio of 4.41 and a beta of 1.30. The company has a debt-to-equity ratio of 1.34, a current ratio of 1.24 and a quick ratio of 1.14.

Norfolk Southern (NYSE:NSCGet Free Report) last issued its quarterly earnings results on Friday, January 26th. The railroad operator reported $2.83 EPS for the quarter, missing analysts’ consensus estimates of $2.87 by ($0.04). Norfolk Southern had a net margin of 15.03% and a return on equity of 21.06%. The firm had revenue of $3.10 billion for the quarter, compared to the consensus estimate of $3.09 billion. During the same period last year, the company posted $3.42 EPS. The business’s revenue was down 4.2% compared to the same quarter last year. Equities analysts expect that Norfolk Southern Co. will post 12.25 earnings per share for the current year.

Norfolk Southern Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 20th. Shareholders of record on Friday, February 2nd will be paid a $1.35 dividend. The ex-dividend date of this dividend is Thursday, February 1st. This represents a $5.40 annualized dividend and a yield of 2.12%. Norfolk Southern’s dividend payout ratio (DPR) is 67.33%.

Norfolk Southern Company Profile

(Get Free Report)

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.

Further Reading

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