Norfolk Southern (NSC) Stock Rating Upgraded by ValuEngine

ValuEngine upgraded shares of Norfolk Southern (NYSE:NSC) from a hold rating to a buy rating in a research report sent to investors on Thursday, ValuEngine reports.

NSC has been the topic of several other reports. Zacks Investment Research upgraded Norfolk Southern from a hold rating to a buy rating and set a $200.00 price objective on the stock in a research note on Friday, March 8th. Loop Capital raised their price objective on Norfolk Southern to $210.00 and gave the company a buy rating in a research note on Monday, February 11th. Morgan Stanley raised their price objective on Norfolk Southern from $116.00 to $133.00 and gave the company an underweight rating in a research note on Tuesday, February 12th. Argus restated a buy rating on shares of Norfolk Southern in a research note on Thursday, January 3rd. Finally, Royal Bank of Canada cut Norfolk Southern from a sector perform rating to an underperform rating and dropped their price objective for the company from $180.00 to $178.00 in a research note on Tuesday, February 19th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and twelve have given a buy rating to the company. Norfolk Southern currently has an average rating of Hold and an average price target of $190.47.

Shares of NSC opened at $198.58 on Thursday. Norfolk Southern has a 12-month low of $133.47 and a 12-month high of $200.00. The company has a current ratio of 0.72, a quick ratio of 0.64 and a debt-to-equity ratio of 0.69. The firm has a market capitalization of $53.11 billion, a P/E ratio of 20.88, a PEG ratio of 1.69 and a beta of 1.43.

Norfolk Southern (NYSE:NSC) last issued its earnings results on Thursday, January 24th. The railroad operator reported $2.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.30 by $0.27. Norfolk Southern had a return on equity of 16.71% and a net margin of 23.27%. The company had revenue of $2.90 billion for the quarter, compared to analysts’ expectations of $2.85 billion. During the same period last year, the business earned $1.69 EPS. Norfolk Southern’s quarterly revenue was up 8.5% compared to the same quarter last year. As a group, sell-side analysts forecast that Norfolk Southern will post 10.42 earnings per share for the current fiscal year.

In other news, COO Michael Joseph Wheeler sold 4,761 shares of Norfolk Southern stock in a transaction on Tuesday, February 12th. The stock was sold at an average price of $180.23, for a total transaction of $858,075.03. Following the sale, the chief operating officer now directly owns 19,724 shares in the company, valued at approximately $3,554,856.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Jason Andrew Zampi sold 519 shares of Norfolk Southern stock in a transaction on Thursday, February 14th. The stock was sold at an average price of $181.34, for a total value of $94,115.46. The disclosure for this sale can be found here. Insiders own 0.19% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in NSC. Oregon Public Employees Retirement Fund increased its holdings in Norfolk Southern by 14,153.5% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 22,774,792 shares of the railroad operator’s stock worth $152,000 after acquiring an additional 22,615,008 shares during the last quarter. Vanguard Group Inc increased its holdings in Norfolk Southern by 1.6% in the 3rd quarter. Vanguard Group Inc now owns 21,159,132 shares of the railroad operator’s stock worth $3,819,223,000 after acquiring an additional 336,725 shares during the last quarter. BlackRock Inc. increased its holdings in Norfolk Southern by 0.9% in the 4th quarter. BlackRock Inc. now owns 20,052,895 shares of the railroad operator’s stock worth $2,998,712,000 after acquiring an additional 169,821 shares during the last quarter. Geode Capital Management LLC increased its holdings in Norfolk Southern by 7.1% in the 4th quarter. Geode Capital Management LLC now owns 3,364,851 shares of the railroad operator’s stock worth $502,245,000 after acquiring an additional 221,780 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in Norfolk Southern by 0.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,210,893 shares of the railroad operator’s stock worth $480,144,000 after acquiring an additional 17,877 shares during the last quarter. Institutional investors own 74.39% 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. The company transports industrial products, including chemicals, agriculture, and metals and construction materials; and coal, automobiles, and automotive parts.

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Analyst Recommendations for Norfolk Southern (NYSE:NSC)

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