Norfolk Southern (NSC) Price Target Raised to $210.00

Norfolk Southern (NYSE:NSC) had its target price boosted by research analysts at Loop Capital to $210.00 in a note issued to investors on Monday, The Fly reports. The brokerage currently has a “buy” rating on the railroad operator’s stock. Loop Capital’s target price points to a potential upside of 18.68% from the stock’s current price.

Other analysts have also recently issued reports about the stock. Credit Suisse Group reduced their target price on shares of Norfolk Southern from $188.00 to $187.00 and set an “outperform” rating for the company in a research note on Thursday, October 25th. Zacks Investment Research cut shares of Norfolk Southern from a “buy” rating to a “hold” rating in a research note on Tuesday, December 11th. Argus reiterated a “buy” rating on shares of Norfolk Southern in a research note on Thursday, January 3rd. JPMorgan Chase & Co. upgraded shares of Norfolk Southern from a “neutral” rating to an “overweight” rating and lifted their target price for the company from $198.00 to $203.00 in a research note on Tuesday, December 18th. Finally, Bank of America cut shares of Norfolk Southern from a “buy” rating to a “neutral” rating and set a $182.00 target price for the company. in a research note on Thursday, October 18th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and eleven have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $176.63.

NYSE:NSC traded up $5.49 during mid-day trading on Monday, hitting $176.95. The stock had a trading volume of 4,588,104 shares, compared to its average volume of 2,163,057. The company has a market cap of $46.70 billion, a PE ratio of 18.61, a P/E/G ratio of 1.58 and a beta of 1.38. Norfolk Southern has a 52 week low of $127.79 and a 52 week high of $186.91. The company has a quick ratio of 0.64, a current ratio of 0.72 and a debt-to-equity ratio of 0.69.

Norfolk Southern (NYSE:NSC) last issued its quarterly earnings data on Thursday, January 24th. The railroad operator reported $2.57 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.30 by $0.27. The firm had revenue of $2.90 billion for the quarter, compared to the consensus estimate of $2.85 billion. Norfolk Southern had a net margin of 23.27% and a return on equity of 16.71%. Norfolk Southern’s quarterly revenue was up 8.5% compared to the same quarter last year. During the same period last year, the firm posted $1.69 EPS. As a group, equities analysts anticipate that Norfolk Southern will post 10.25 EPS for the current year.

A number of hedge funds have recently made changes to their positions in the stock. Level Four Advisory Services LLC increased its position in Norfolk Southern by 3.0% during the fourth quarter. Level Four Advisory Services LLC now owns 2,054 shares of the railroad operator’s stock worth $307,000 after acquiring an additional 60 shares during the period. Savant Capital LLC increased its holdings in Norfolk Southern by 1.2% in the 4th quarter. Savant Capital LLC now owns 5,930 shares of the railroad operator’s stock valued at $887,000 after buying an additional 72 shares during the period. Stratos Wealth Partners LTD. increased its holdings in Norfolk Southern by 0.7% in the 4th quarter. Stratos Wealth Partners LTD. now owns 11,083 shares of the railroad operator’s stock valued at $1,657,000 after buying an additional 72 shares during the period. Stony Point Wealth Management Inc. increased its holdings in Norfolk Southern by 5.0% in the 4th quarter. Stony Point Wealth Management Inc. now owns 1,589 shares of the railroad operator’s stock valued at $238,000 after buying an additional 75 shares during the period. Finally, Hudson Valley Investment Advisors Inc. ADV increased its holdings in Norfolk Southern by 2.0% in the 4th quarter. Hudson Valley Investment Advisors Inc. ADV now owns 3,825 shares of the railroad operator’s stock valued at $572,000 after buying an additional 75 shares during the period. 81.25% of the stock is currently owned by institutional investors and hedge funds.

About Norfolk Southern

Norfolk Southern Corporation, together with its subsidiaries, engages in the rail transportation of raw materials, intermediate products, and finished goods. It also transports overseas freight through various Atlantic and Gulf Coast ports, as well as coal, automotive, and industrial products; and provides commuter passenger services.

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Analyst Recommendations for Norfolk Southern (NYSE:NSC)

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