Norfolk Southern Corp. VP James Hixon Sells 10,000 Shares (NSC)
Norfolk Southern Corp. (NYSE:NSC) VP James Hixon sold 10,000 shares of Norfolk Southern Corp. stock in a transaction that occurred on Thursday, October 24th. The shares were sold at an average price of $86.95, for a total value of $869,500.00. Following the completion of the transaction, the vice president now directly owns 134,445 shares of the company’s stock, valued at approximately $11,689,993. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Several analysts have recently commented on the stock. Analysts at TD Securities raised their price target on shares of Norfolk Southern Corp. from $91.00 to $96.00 in a research note to investors on Thursday. They now have a “buy” rating on the stock. Separately, analysts at BMO Capital Markets raised their price target on shares of Norfolk Southern Corp. from $90.00 to $94.00 in a research note to investors on Thursday. They now have an “outperform” rating on the stock. Finally, analysts at Sanford C. Bernstein raised their price target on shares of Norfolk Southern Corp. from $79.00 to $86.00 in a research note to investors on Thursday. They now have a “market perform” rating on the stock. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and fourteen have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $86.16.
Norfolk Southern Corp. (NYSE:NSC) traded down 0.25% on Friday, hitting $87.65. 2,289,203 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 $27.343 billion and a P/E ratio of 16.24.
Norfolk Southern Corp. (NYSE:NSC) last released its earnings data on Wednesday, October 23rd. The company reported $1.53 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $1.24 earnings per share. Norfolk Southern Corp.’s revenue was up 4.9% compared to the same quarter last 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 2.37%. 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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