Norfolk Southern Corp.’s Outperform Rating Reaffirmed at Credit Suisse (NSC)
Norfolk Southern Corp. (NYSE:NSC)‘s stock had its “outperform” rating reiterated by equities research analysts at Credit Suisse in a research note issued to investors on Thursday. They currently have a $120.00 target price on the stock, up from their previous target price of $115.00. Credit Suisse’s target price indicates a potential upside of 12.32% from the stock’s previous close.
NSC has been the subject of a number of other recent research reports. Analysts at Macquarie reiterated a “neutral” rating on shares of Norfolk Southern Corp. in a research note on Thursday. They now have a $107.00 price target on the stock, up previously from $106.00. Separately, analysts at RBC Capital raised their price target on shares of Norfolk Southern Corp. from $111.00 to $114.00 in a research note on Thursday. They now have a “sector perform” rating on the stock. Finally, analysts at Deutsche Bank raised their price target on shares of Norfolk Southern Corp. from $96.00 to $106.00 in a research note on Tuesday, July 15th. They now have a “hold” rating on the stock. Seven investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Norfolk Southern Corp. presently has a consensus rating of “Buy” and an average price target of $105.40.
Norfolk Southern Corp. (NYSE:NSC) traded up 1.11% on Thursday, hitting $108.03. 893,875 shares of the company’s stock traded hands. Norfolk Southern Corp. has a 1-year low of $71.86 and a 1-year high of $108.84. The stock’s 50-day moving average is $102.9 and its 200-day moving average is $96.5. The company has a market cap of $33.451 billion and a P/E ratio of 18.40.
Norfolk Southern Corp. (NYSE:NSC) last announced its earnings results on Wednesday, July 23rd. The company reported $1.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.71 by $0.08. The company had revenue of $3.04 billion for the quarter, compared to the consensus estimate of $3.00 billion. During the same quarter in the previous year, the company posted $1.46 earnings per share. The company’s revenue for the quarter was up 8.6% on a year-over-year basis. On average, analysts predict that Norfolk Southern Corp. will post $6.39 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, September 10th. Shareholders of record on Friday, August 1st will be given a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a yield of 2.13%. The ex-dividend date of this dividend is Wednesday, July 30th. This is a positive change from Norfolk Southern Corp.’s previous quarterly dividend of $0.54.
Norfolk Southern Corporation (NYSE:NSC) is a Virginia based company that controls a railroad, Norfolk Southern Railway Company.
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