Norfolk Southern Corp. Hits New 52-Week High at $101.33 (NSC)
Norfolk Southern Corp. (NYSE:NSC) reached a new 52-week high during trading on Friday , American Banking News.com reports. The company traded as high as $101.33 and last traded at $100.51, with a volume of 438,928 shares. The stock had previously closed at $101.04.
Several analysts have recently commented on the stock. Analysts at Credit Suisse reiterated an “outperform” rating on shares of Norfolk Southern Corp. in a research note on Thursday, April 24th. They now have a $109.00 price target on the stock. Separately, analysts at Macquarie initiated coverage on shares of Norfolk Southern Corp. in a research note on Thursday, April 10th. They set a “neutral” rating and a $99.00 price target on the stock. Finally, analysts at Robert W. Baird raised their price target on shares of Norfolk Southern Corp. from $102.00 to $107.00 in a research note on Wednesday, April 9th. Seven equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $99.95.
The stock has a 50-day moving average of $96.13 and a 200-day moving average of $92.78. The company has a market cap of $31.130 billion and a P/E ratio of 17.40.
Norfolk Southern Corp. (NYSE:NSC) last released its earnings data on Wednesday, April 23rd. The company reported $1.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.15 by $0.02. The company had revenue of $2.70 billion for the quarter, compared to the consensus estimate of $2.74 billion. During the same quarter in the previous year, the company posted $1.22 earnings per share. The company’s revenue for the quarter was down 1.8% on a year-over-year basis. Analysts expect that Norfolk Southern Corp. will post $6.29 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, June 10th. Investors of record on Friday, May 2nd will be given a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a yield of 2.14%. The ex-dividend date of this dividend is Wednesday, April 30th.
Norfolk Southern Corporation (NYSE:NSC) is a Virginia based company that controls a railroad, Norfolk Southern Railway Company.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.