Norfolk Southern Corp. (NYSE:NSC)‘s stock had its “outperform” rating reaffirmed by research analysts at Credit Suisse Group AG in a research note issued on Sunday. They currently have a $133.00 price objective on the railroad operator’s stock. Credit Suisse Group AG’s price objective suggests a potential upside of 8.72% from the stock’s previous close.

NSC has been the topic of a number of other research reports. Royal Bank of Canada cut shares of Norfolk Southern Corp. from a “sector perform” rating to an “underperform” rating and set a $113.00 price target on the stock. in a report on Thursday, March 23rd. They noted that the move was a valuation call. Loop Capital reaffirmed a “hold” rating on shares of Norfolk Southern Corp. in a report on Saturday, March 25th. Deutsche Bank AG lifted their price target on shares of Norfolk Southern Corp. from $126.00 to $132.00 and gave the stock a “buy” rating in a report on Friday, April 28th. Wells Fargo & Co began coverage on shares of Norfolk Southern Corp. in a report on Monday, March 13th. They issued an “outperform” rating on the stock. Finally, Stifel Nicolaus lifted their price target on shares of Norfolk Southern Corp. from $114.00 to $122.00 and gave the stock a “hold” rating in a report on Monday, May 1st. Four analysts have rated the stock with a sell rating, fifteen have issued a hold rating and seven have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $106.06.

Analyst Recommendations for Norfolk Southern Corp. (NYSE:NSC)

Norfolk Southern Corp. (NYSE:NSC) traded up 2.14% during trading on Friday, hitting $122.33. The stock had a trading volume of 2,747,533 shares. Norfolk Southern Corp. has a 1-year low of $78.73 and a 1-year high of $125.00. The firm has a market capitalization of $35.45 billion, a PE ratio of 21.04 and a beta of 1.24. The firm has a 50 day moving average price of $115.90 and a 200-day moving average price of $113.53.

Norfolk Southern Corp. (NYSE:NSC) last posted its quarterly earnings results on Wednesday, April 26th. The railroad operator reported $1.48 EPS for the quarter, topping analysts’ consensus estimates of $1.36 by $0.12. The company had revenue of $2.58 billion for the quarter, compared to analysts’ expectations of $2.55 billion. Norfolk Southern Corp. had a net margin of 16.87% and a return on equity of 13.53%. Norfolk Southern Corp.’s revenue was up 6.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.29 EPS. On average, equities research analysts expect that Norfolk Southern Corp. will post $6.34 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Saturday, June 10th. Stockholders of record on Friday, May 5th will be given a dividend of $0.61 per share. The ex-dividend date of this dividend is Wednesday, May 3rd. This represents a $2.44 dividend on an annualized basis and a dividend yield of 1.99%. Norfolk Southern Corp.’s dividend payout ratio (DPR) is currently 43.42%.

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In other news, VP Thomas E. Hurlbut sold 571 shares of the business’s stock in a transaction on Friday, April 28th. The shares were sold at an average price of $117.66, for a total transaction of $67,183.86. Following the completion of the transaction, the vice president now directly owns 6,529 shares in the company, valued at approximately $768,202.14. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Thomas E. Hurlbut sold 1,427 shares of the business’s stock in a transaction on Friday, May 12th. The shares were sold at an average price of $116.92, for a total transaction of $166,844.84. Following the transaction, the vice president now owns 5,102 shares of the company’s stock, valued at $596,525.84. The disclosure for this sale can be found here. Insiders have sold a total of 11,445 shares of company stock valued at $1,363,323 over the last 90 days. Company insiders own 0.66% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in NSC. Achmea Investment Management B.V. purchased a new position in Norfolk Southern Corp. during the first quarter worth approximately $6,692,000. Bank of Nova Scotia raised its position in Norfolk Southern Corp. by 915.3% in the first quarter. Bank of Nova Scotia now owns 66,745 shares of the railroad operator’s stock worth $7,474,000 after buying an additional 60,171 shares during the period. Farmers National Bank raised its position in Norfolk Southern Corp. by 2.6% in the first quarter. Farmers National Bank now owns 30,515 shares of the railroad operator’s stock worth $2,962,000 after buying an additional 778 shares during the period. Lowe Brockenbrough & Co. Inc. raised its position in Norfolk Southern Corp. by 1.0% in the first quarter. Lowe Brockenbrough & Co. Inc. now owns 78,840 shares of the railroad operator’s stock worth $8,828,000 after buying an additional 778 shares during the period. Finally, Northern Oak Wealth Management Inc. purchased a new position in Norfolk Southern Corp. during the first quarter worth approximately $417,000. Hedge funds and other institutional investors own 70.02% of the company’s stock.

Norfolk Southern Corp. Company Profile

Norfolk Southern Corporation is a holding company engaged in the rail transportation business. As of December 31, 2016, the Company operated approximately 19,500 miles of road primarily in the East and Midwest. The Company is engaged in the rail transportation of raw materials, intermediate products and finished goods primarily in the Southeast, East and Midwest.

12 Month Chart for NYSE:NSC

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