Norfolk Southern (NYSE:NSC) had its price objective raised by analysts at BMO Capital Markets to $185.00 in a research note issued to investors on Tuesday, The Fly reports. The firm currently has a “market perform” rating on the railroad operator’s stock. BMO Capital Markets’ price target would suggest a potential upside of 4.55% from the company’s current price.
Several other research firms have also commented on NSC. Credit Suisse Group reissued an “outperform” rating and set a $195.00 price objective (up previously from $181.00) on shares of Norfolk Southern in a research note on Tuesday. ValuEngine raised shares of Norfolk Southern from a “hold” rating to a “buy” rating in a research note on Tuesday. JPMorgan Chase & Co. boosted their price objective on shares of Norfolk Southern to $214.00 and gave the stock a “positive” rating in a research note on Tuesday. Morgan Stanley boosted their price objective on shares of Norfolk Southern from $116.00 to $133.00 and gave the stock an “underweight” rating in a research note on Tuesday. Finally, Zacks Investment Research raised shares of Norfolk Southern from a “hold” rating to a “buy” rating and set a $191.00 price objective on the stock in a research note on Wednesday, November 21st. One analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have assigned a buy rating to the company’s stock. Norfolk Southern currently has a consensus rating of “Buy” and a consensus price target of $181.79.
Shares of NSC opened at $176.95 on Tuesday. The stock 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. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.64 and a current ratio of 0.72. Norfolk Southern has a 1-year low of $127.79 and a 1-year high of $186.91.
Norfolk Southern (NYSE:NSC) last announced its earnings results on Thursday, January 24th. The railroad operator reported $2.57 earnings per share for the quarter, beating analysts’ consensus estimates of $2.30 by $0.27. The firm had revenue of $2.90 billion for the quarter, compared to analyst estimates of $2.85 billion. Norfolk Southern had a net margin of 23.27% and a return on equity of 16.71%. The company’s revenue for the quarter was up 8.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.69 EPS. Research analysts expect that Norfolk Southern will post 10.25 EPS for the current year.
Institutional investors have recently modified their holdings of the business. Bruderman Asset Management LLC purchased a new position in Norfolk Southern in the fourth quarter worth about $26,000. Intercontinental Wealth Advisors LLC purchased a new position in Norfolk Southern in the fourth quarter worth about $27,000. Moody National Bank Trust Division purchased a new position in Norfolk Southern in the fourth quarter worth about $31,000. Arlington Partners LLC purchased a new position in Norfolk Southern in the fourth quarter worth about $37,000. Finally, Athena Capital Advisors LLC purchased a new position in Norfolk Southern in the fourth quarter worth about $39,000. 81.25% of the stock is owned by institutional investors and hedge funds.
Norfolk Southern Company Profile
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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