Norfolk Southern Corp. Price Target Increased to $110.00 by Analysts at Cowen and Company (NSC)
Analysts at Cowen and Company increased their target price on shares of Norfolk Southern Corp. (NYSE:NSC) from $98.00 to $110.00 in a research report issued to clients and investors on Thursday, AnalystRatings.Net reports. The firm currently has an “outperform” rating on the stock. Cowen and Company’s price target indicates a potential upside of 18.36% from the company’s current price.
Norfolk Southern Corp. (NYSE:NSC) opened at 92.94 on Thursday. Norfolk Southern Corp. has a 52 week low of $68.18 and a 52 week high of $94.75. The stock has a 50-day moving average of $90.31 and a 200-day moving average of $81.62. The company has a market cap of $28.710 billion and a P/E ratio of 16.32.
Norfolk Southern Corp. (NYSE:NSC) last released its earnings data on Wednesday, January 22nd. The company reported $1.64 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.50 by $0.14. The company had revenue of $2.88 billion for the quarter, compared to the consensus estimate of $2.85 billion. During the same quarter in the prior year, the company posted $1.30 earnings per share. The company’s quarterly revenue was up 7.3% on a year-over-year basis. On average, analysts predict that Norfolk Southern Corp. will post $5.71 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Monday, March 10th. Investors of record on Friday, February 7th will be paid a dividend of 0.54 per share. This represents a $2.16 annualized dividend and a dividend yield of 2.32%. The ex-dividend date is Wednesday, February 5th. This is an increase from Norfolk Southern Corp.’s previous quarterly dividend of $0.52.
A number of other analysts have also recently weighed in on NSC. Analysts at RBC Capital raised their price target on shares of Norfolk Southern Corp. from $91.00 to $100.00 in a research note to investors on Thursday. They now have a “sector perform” rating on the stock. Separately, analysts at Bank of America Corp. raised their price target on shares of Norfolk Southern Corp. from $90.00 to $103.00 in a research note to investors on Thursday. They now have a “buy” rating on the stock. Finally, analysts at JPMorgan Chase & Co. upgraded shares of Norfolk Southern Corp. from a “neutral” rating to an “overweight” rating in a research note to investors on Thursday. They now have a $110.00 price target on the stock, up previously from $92.00. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and fifteen have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $93.52.
Norfolk Southern Corporation (NYSE:NSC) is a Virginia based company that controls a railroad, Norfolk Southern Railway Company.
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