Norfolk Southern Corp. Receives Consensus Rating of “Buy” from Brokerages (NYSE:NSC)
Shares of Norfolk Southern Corp. (NYSE:NSC) have received an average rating of “Buy” from the nineteen brokerages that are presently covering the company, AnalystRatings.Net reports. Six analysts have rated the stock with a hold recommendation and ten have given a buy recommendation to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $106.83.
A number of analysts have recently weighed in on NSC shares. Analysts at Raymond James reiterated an “outperform” rating on shares of Norfolk Southern Corp. in a research note on Thursday, July 24th. They now have a $113.00 price target on the stock, up previously from $109.00. Separately, analysts at Credit Suisse reiterated an “outperform” rating on shares of Norfolk Southern Corp. in a research note on Thursday, July 24th. They now have a $120.00 price target on the stock, up previously from $115.00. Finally, analysts at Macquarie reiterated a “neutral” rating on shares of Norfolk Southern Corp. in a research note on Thursday, July 24th. They now have a $107.00 price target on the stock, up previously from $106.00.
Norfolk Southern Corp. (NYSE:NSC) opened at 100.35 on Friday. Norfolk Southern Corp. has a 52-week low of $71.86 and a 52-week high of $108.84. The stock has a 50-day moving average of $103. and a 200-day moving average of $97.54. The company has a market cap of $31.060 billion and a price-to-earnings ratio of 16.29.
Norfolk Southern Corp. (NYSE:NSC) last released its earnings data 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. Analysts expect that Norfolk Southern Corp. will post $6.48 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, September 10th. Stockholders of record on Friday, August 1st will be paid a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a dividend yield of 2.28%. The ex-dividend date is Wednesday, July 30th. This is a boost from Norfolk Southern Corp.’s previous quarterly dividend of $0.54.
In other Norfolk Southern Corp. news, President James A. Squires unloaded 32,030 shares of Norfolk Southern Corp. stock in a transaction dated Tuesday, July 29th. The stock was sold at an average price of $104.95, for a total value of $3,361,548.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Norfolk Southern Corporation (NYSE:NSC) is a Virginia based company that controls a railroad, Norfolk Southern Railway Company.
Receive News & Ratings for Norfolk Southern Corp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Norfolk Southern Corp and related companies with Analyst Ratings Network's FREE daily email newsletter.