Credit Suisse Increases Norfolk Southern Corp. Price Target to $96.00 (NSC)
Investment analysts at Credit Suisse upped their price objective on shares of Norfolk Southern Corp. (NYSE:NSC) from $88.00 to $96.00 in a note issued to investors on Friday, Stock Ratings Network.com reports. The firm currently has an “outperform” rating on the stock. Credit Suisse’s price target points to a potential upside of 9.53% from the company’s current price.
In other Norfolk Southern Corp. news, VP James A. Hixon unloaded 10,000 shares of the company’s stock in a transaction dated Thursday, October 24th. The stock was sold at an average price of $86.95, for a total value of $869,500.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Norfolk Southern Corp. (NYSE:NSC) opened at 87.65 on Friday. 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 $27.343 billion and a price-to-earnings ratio of 16.24.
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. On average, analysts predict that Norfolk Southern Corp. will post $5.63 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 2.37%. The ex-dividend date is Wednesday, October 30th.
NSC has been the subject of a number of other recent research reports. 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 investment analyst has rated the stock with a sell rating, nine have given a hold rating and fifteen have issued a buy rating to the company’s stock. Norfolk Southern Corp. currently has a consensus rating of “Buy” and a consensus price target of $86.65.
Norfolk Southern Corporation (NYSE:NSC) is a Virginia based company that controls a railroad, Norfolk Southern Railway Company.
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