Norfolk Southern (NYSE:NSC) had its price target boosted by analysts at Credit Suisse Group from $181.00 to $195.00 in a report issued on Tuesday, The Fly reports. The brokerage currently has an “outperform” rating on the railroad operator’s stock. Credit Suisse Group’s price objective would suggest a potential upside of 8.09% from the company’s previous close.
Several other research analysts have also recently issued reports on the company. Morgan Stanley raised their price objective on Norfolk Southern from $116.00 to $133.00 and gave the stock an “underweight” rating in a research note on Tuesday. UBS Group restated a “buy” rating and issued a $202.00 price objective (up from $190.00) on shares of Norfolk Southern in a research note on Tuesday. JPMorgan Chase & Co. raised their price objective on Norfolk Southern to $214.00 and gave the stock a “positive” rating in a research note on Tuesday. Cowen restated an “outperform” rating and issued a $200.00 price objective (up from $194.00) on shares of Norfolk Southern in a research note on Tuesday. Finally, ValuEngine upgraded Norfolk Southern from a “hold” rating to a “buy” rating in a research note on Tuesday. One equities 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. The company currently has a consensus rating of “Buy” and a consensus target price of $182.32.
Shares of NYSE:NSC traded down $0.20 during trading on Tuesday, hitting $180.41. The stock had a trading volume of 188,876 shares, compared to its average volume of 2,170,663. Norfolk Southern has a 12-month low of $127.79 and a 12-month high of $186.91. The stock has a market cap of $46.70 billion, a price-to-earnings ratio of 18.97, a PEG ratio of 1.58 and a beta of 1.38. 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 announced its quarterly earnings data on Thursday, January 24th. The railroad operator reported $2.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.30 by $0.27. Norfolk Southern had a return on equity of 16.71% and a net margin of 23.27%. The firm had revenue of $2.90 billion during the quarter, compared to analysts’ expectations of $2.85 billion. During the same period last year, the business posted $1.69 earnings per share. The company’s revenue for the quarter was up 8.5% compared to the same quarter last year. As a group, equities analysts anticipate that Norfolk Southern will post 10.25 EPS for the current fiscal year.
A number of hedge funds have recently made changes to their positions in NSC. Bruderman Asset Management LLC purchased a new position in Norfolk Southern during the fourth quarter valued at approximately $26,000. Intercontinental Wealth Advisors LLC purchased a new position in Norfolk Southern during the fourth quarter valued at approximately $27,000. Moody National Bank Trust Division purchased a new position in Norfolk Southern during the fourth quarter valued at approximately $31,000. Arlington Partners LLC purchased a new position in Norfolk Southern during the fourth quarter valued at approximately $37,000. Finally, Athena Capital Advisors LLC purchased a new position in Norfolk Southern during the fourth quarter valued at approximately $39,000. Institutional investors 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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