Norfolk Southern (NYSE:NSC) had its price objective upped by investment analysts at JPMorgan Chase & Co. to $214.00 in a research note issued on Tuesday, The Fly reports. The brokerage presently has a “positive” rating on the railroad operator’s stock. JPMorgan Chase & Co.‘s price objective suggests a potential upside of 20.94% from the company’s previous close.
Several other research analysts also recently weighed in on NSC. Bank of America downgraded 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. Morgan Stanley set a $113.00 target price on shares of Norfolk Southern and gave the company a “sell” rating in a research note on Monday, October 22nd. Loop Capital raised shares of Norfolk Southern from a “hold” rating to a “buy” rating and boosted their target price for the company from $179.00 to $190.00 in a research note on Wednesday, October 24th. Stifel Nicolaus upgraded Norfolk Southern from a “hold” rating to a “buy” rating and set a $189.00 price target for the company in a report on Wednesday, October 24th. Finally, TD Securities upgraded Norfolk Southern from a “hold” rating to a “buy” rating in a report on Thursday, October 25th. They noted that the move was a valuation call. One research 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. The company currently has an average rating of “Buy” and an average target price of $177.84.
NYSE:NSC opened at $176.95 on Tuesday. The firm has a market cap of $46.70 billion, a PE ratio of 18.61, a PEG ratio of 1.58 and a beta of 1.38. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.72 and a quick ratio of 0.64. Norfolk Southern has a 52-week low of $127.79 and a 52-week 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 the consensus estimate of $2.30 by $0.27. Norfolk Southern had a net margin of 23.27% and a return on equity of 16.71%. The firm had revenue of $2.90 billion during the quarter, compared to the consensus estimate of $2.85 billion. During the same quarter in the previous year, the company posted $1.69 EPS. The firm’s revenue for the quarter was up 8.5% on a year-over-year basis. On average, analysts expect that Norfolk Southern will post 10.25 EPS for the current fiscal year.
Several large investors have recently modified their holdings of NSC. Bruderman Asset Management LLC acquired a new stake in shares of Norfolk Southern during the 4th quarter valued at approximately $26,000. Intercontinental Wealth Advisors LLC acquired a new stake in shares of Norfolk Southern during the 4th quarter valued at approximately $27,000. Moody National Bank Trust Division acquired a new stake in shares of Norfolk Southern during the 4th quarter valued at approximately $31,000. Arlington Partners LLC acquired a new stake in shares of Norfolk Southern during the 4th quarter valued at approximately $37,000. Finally, Athena Capital Advisors LLC acquired a new stake in shares of Norfolk Southern during the 4th quarter valued at approximately $39,000. Institutional investors and hedge funds own 81.25% of the company’s stock.
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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