Norfolk Southern (NYSE:NSC) Given Neutral Rating at Susquehanna

Norfolk Southern (NYSE:NSCGet Free Report)‘s stock had its “neutral” rating reiterated by equities researchers at Susquehanna in a report released on Tuesday, Marketbeat.com reports. They currently have a $260.00 price objective on the railroad operator’s stock, up from their prior price objective of $250.00. Susquehanna’s target price points to a potential upside of 1.78% from the company’s previous close.

NSC has been the topic of several other reports. Evercore ISI reduced their price target on Norfolk Southern from $284.00 to $269.00 and set an “outperform” rating on the stock in a report on Thursday, April 24th. Stifel Nicolaus cut their price objective on Norfolk Southern from $265.00 to $247.00 and set a “hold” rating on the stock in a research report on Monday, April 14th. BMO Capital Markets reiterated a “market perform” rating and issued a $255.00 target price on shares of Norfolk Southern in a research note on Thursday, April 24th. Bank of America lifted their target price on Norfolk Southern from $267.00 to $280.00 and gave the stock a “buy” rating in a research report on Friday, May 16th. Finally, Barclays cut their price target on shares of Norfolk Southern from $305.00 to $290.00 and set an “overweight” rating on the stock in a report on Wednesday, April 2nd. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat, Norfolk Southern has an average rating of “Moderate Buy” and a consensus price target of $267.71.

Check Out Our Latest Research Report on Norfolk Southern

Norfolk Southern Stock Performance

Norfolk Southern stock opened at $255.44 on Tuesday. The company’s 50-day moving average price is $238.71 and its 200-day moving average price is $239.21. Norfolk Southern has a twelve month low of $201.63 and a twelve month high of $277.60. The company has a quick ratio of 0.70, a current ratio of 0.78 and a debt-to-equity ratio of 1.15. The company has a market cap of $57.59 billion, a PE ratio of 17.45, a price-to-earnings-growth ratio of 2.02 and a beta of 1.32.

Norfolk Southern (NYSE:NSCGet Free Report) last issued its quarterly earnings results on Wednesday, April 23rd. The railroad operator reported $2.69 EPS for the quarter, missing the consensus estimate of $2.72 by ($0.03). The firm had revenue of $2.99 billion for the quarter, compared to the consensus estimate of $3.01 billion. Norfolk Southern had a net margin of 27.40% and a return on equity of 19.65%. The business’s revenue for the quarter was down .4% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.49 earnings per share. On average, equities research analysts forecast that Norfolk Southern will post 13 EPS for the current fiscal year.

Hedge Funds Weigh In On Norfolk Southern

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. WPG Advisers LLC purchased a new position in Norfolk Southern in the 1st quarter worth $27,000. Vision Financial Markets LLC purchased a new stake in shares of Norfolk Southern in the 4th quarter valued at $28,000. Fourth Dimension Wealth LLC purchased a new stake in shares of Norfolk Southern in the 4th quarter valued at $28,000. Atlantic Private Wealth LLC purchased a new stake in shares of Norfolk Southern in the 4th quarter valued at $29,000. Finally, Putney Financial Group LLC purchased a new stake in shares of Norfolk Southern in the 4th quarter valued at $30,000. Hedge funds and other institutional investors own 75.10% of the company’s stock.

Norfolk Southern Company Profile

(Get Free Report)

Norfolk Southern Corporation, together with its subsidiaries, engages in the rail transportation of raw materials, intermediate products, and finished goods in the United States. The company transports agriculture, forest, and consumer products comprising soybeans, wheat, corn, fertilizers, livestock and poultry feed, food products, food oils, flour, sweeteners, ethanol, lumber and wood products, pulp board and paper products, wood fibers, wood pulp, beverages, and canned goods; chemicals consist of sulfur and related chemicals, petroleum products comprising crude oil, chlorine and bleaching compounds, plastics, rubber, industrial chemicals, chemical wastes, sand, and natural gas liquids; metals and construction materials, such as steel, aluminum products, machinery, scrap metals, cement, aggregates, minerals, clay, transportation equipment, and military-related products; and automotive, including finished motor vehicles and automotive parts, as well as coal.

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