Norfolk Southern Corp. Hits New 52-Week High at $85.83 (NSC)
Shares of Norfolk Southern Corp. (NYSE:NSC) hit a new 52-week high on Wednesday, AR Network reports. The company traded as high as $85.83 and last traded at $85.45, with a volume of 3,599,595 shares trading hands. The stock had previously closed at $80.60.
A number of research firms have recently commented on NSC. Analysts at Bank of America Corp. upgraded shares of Norfolk Southern Corp. to a “neutral” rating in a research note to investors on Wednesday. Separately, analysts at RBC Capital downgraded shares of Norfolk Southern Corp. from an “outperform” rating to a “sector perform” rating in a research note to investors on Thursday, October 17th. They now have a $89.00 price target on the stock, down previously from $94.00. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Norfolk Southern Corp. in a research note to investors on Thursday, October 3rd. They now have a $82.00 price target on the stock. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and fourteen have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $83.55.
Norfolk Southern Corp. has a 52-week low of $56.05 and a 52-week high of $81.00. The stock has a 50-day moving average of $74.08 and a 200-day moving average of $75.30. The company has a market cap of $26.834 billion and a price-to-earnings ratio of 14.90.
Norfolk Southern Corp. (NYSE:NSC) last issued its quarterly earnings data on Wednesday, October 23rd. The company reported $1.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.39 by $0.14. The company had revenue of $2.82 billion for the quarter, compared to the consensus estimate of $2.77 billion. During the same quarter in the previous year, the company posted $1.24 earnings per share. The company’s revenue for the quarter was up 4.9% on a year-over-year basis. On average, analysts predict that Norfolk Southern Corp. will post $5.50 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, December 10th. Investors of record on Friday, November 1st will be paid a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a dividend yield of 2.58%.
Norfolk Southern Corporation (NYSE:NSC) is a Virginia based company that controls a railroad, Norfolk Southern Railway Company.
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