Norfolk Southern Corp. Price Target Raised to $86.00 at Sanford C. Bernstein (NSC)
Investment analysts at Sanford C. Bernstein raised their price target on shares of Norfolk Southern Corp. (NYSE:NSC) from $79.00 to $86.00 in a note issued to investors on Thursday, AmericanBankingNews.com reports. The firm currently has a “market perform” rating on the stock. Sanford C. Bernstein’s price objective would suggest a potential downside of 2.13% from the company’s current price.
A number of other firms have also recently commented on NSC. Analysts at Deutsche Bank raised their price target on shares of Norfolk Southern Corp. from $80.00 to $83.00 in a research note to investors on Thursday. They now have a “hold” rating on the stock. Separately, analysts at Barclays raised their price target on shares of Norfolk Southern Corp. from $85.00 to $93.00 in a research note to investors on Thursday. They now have an “equal weight” rating on the stock. Finally, analysts at Bank of America Corp. upgraded shares of Norfolk Southern Corp. to a “neutral” rating in a research note to investors on Wednesday. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and fourteen have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $85.25.
Shares of Norfolk Southern Corp. (NYSE:NSC) traded up 2.10% on Thursday, hitting $87.87. 3,359,819 shares of the company’s stock traded hands. Norfolk Southern Corp. has a 1-year low of $56.05 and a 1-year 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 $27.411 billion and a P/E ratio of 15.91.
Norfolk Southern Corp. (NYSE:NSC) last issued its quarterly earnings data on Wednesday, October 23rd. The company reported $1.53 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $1.24 earnings per share. The company’s quarterly revenue was up 4.9% on a year-over-year basis.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, December 10th. Shareholders 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 2.37%. The ex-dividend date is Wednesday, October 30th.
Norfolk Southern Corporation (NYSE:NSC) is a Virginia based company that controls a railroad, Norfolk Southern Railway Company.
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