Norfolk Southern Corp. (NYSE:NSC) Given Average Recommendation of “Hold” by Brokerages

Norfolk Southern Corp. (NYSE:NSC) has been given an average recommendation of “Hold” by the twenty-two ratings firms that are presently covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a sell recommendation, eight have assigned a hold recommendation and twelve have given a buy recommendation to the company. The average 12-month price target among analysts that have covered the stock in the last year is $205.83.

A number of brokerages have recently commented on NSC. Goldman Sachs Group began coverage on shares of Norfolk Southern in a report on Wednesday, July 10th. They issued a “buy” rating and a $237.00 target price for the company. Loop Capital upped their target price on shares of Norfolk Southern to $237.00 and gave the company a “buy” rating in a report on Thursday, April 25th. Morgan Stanley set a $130.00 price target on shares of Norfolk Southern and gave the stock a “sell” rating in a report on Monday, July 8th. BMO Capital Markets increased their price target on shares of Norfolk Southern from $185.00 to $210.00 and gave the stock a “market perform” rating in a report on Thursday, April 25th. Finally, ValuEngine cut shares of Norfolk Southern from a “buy” rating to a “hold” rating in a report on Wednesday, July 17th.

In other news, Director Jennifer F. Scanlon bought 525 shares of the firm’s stock in a transaction that occurred on Monday, July 29th. The shares were purchased at an average price of $191.52 per share, for a total transaction of $100,548.00. Following the completion of the transaction, the director now owns 525 shares in the company, valued at $100,548. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Chairman James A. Squires sold 3,024 shares of the firm’s stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of $204.71, for a total transaction of $619,043.04. The disclosure for this sale can be found here. 0.19% of the stock is owned by corporate insiders.

Institutional investors and hedge funds have recently made changes to their positions in the business. Joseph P. Lucia & Associates LLC purchased a new stake in Norfolk Southern during the 1st quarter worth $25,000. Krane Funds Advisors LLC acquired a new stake in shares of Norfolk Southern during the second quarter valued at approximately $26,000. Weaver Consulting Group acquired a new stake in shares of Norfolk Southern during the first quarter valued at approximately $30,000. AGF Investments LLC raised its holdings in shares of Norfolk Southern by 173.5% during the second quarter. AGF Investments LLC now owns 186 shares of the railroad operator’s stock valued at $37,000 after acquiring an additional 118 shares during the period. Finally, Coastal Capital Group Inc. acquired a new stake in shares of Norfolk Southern during the second quarter valued at approximately $40,000. Institutional investors own 73.49% of the company’s stock.

Shares of NYSE:NSC traded up $3.62 on Tuesday, reaching $178.16. The company’s stock had a trading volume of 845,490 shares, compared to its average volume of 2,318,321. The business has a 50-day moving average price of $193.02. Norfolk Southern has a 52-week low of $138.65 and a 52-week high of $211.46. The company has a quick ratio of 0.68, a current ratio of 0.78 and a debt-to-equity ratio of 0.72. The company has a market cap of $45.98 billion, a PE ratio of 18.73, a P/E/G ratio of 1.44 and a beta of 1.31.

Norfolk Southern (NYSE:NSC) last announced its earnings results on Wednesday, July 24th. The railroad operator reported $2.70 EPS for the quarter, missing analysts’ consensus estimates of $2.77 by ($0.07). Norfolk Southern had a net margin of 24.15% and a return on equity of 18.24%. The business had revenue of $2.93 billion during the quarter, compared to analysts’ expectations of $2.95 billion. During the same period in the previous year, the company posted $2.50 earnings per share. Norfolk Southern’s quarterly revenue was up .9% on a year-over-year basis. On average, sell-side analysts forecast that Norfolk Southern will post 10.67 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 10th. Stockholders of record on Monday, August 5th will be given a $0.94 dividend. The ex-dividend date is Friday, August 2nd. This is a positive change from Norfolk Southern’s previous quarterly dividend of $0.86. This represents a $3.76 annualized dividend and a dividend yield of 2.11%. Norfolk Southern’s dividend payout ratio is currently 39.54%.

Norfolk Southern Company Profile

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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