Shares of Norfolk Southern Corp. (NYSE:NSC) have received a consensus rating of “Hold” from the thirty-two analysts that are currently covering the company. Three analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and eleven have assigned a buy rating to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $92.98.

A number of equities analysts have recently issued reports on the company. Vertical Group raised Norfolk Southern Corp. from a “sell” rating to a “hold” rating in a report on Friday. Vertical Research raised Norfolk Southern Corp. from a “sell” rating to a “hold” rating in a report on Thursday. Argus raised Norfolk Southern Corp. from a “hold” rating to a “buy” rating and raised their price target for the company from $91.60 to $104.00 in a report on Wednesday, November 2nd. Deutsche Bank AG initiated coverage on Norfolk Southern Corp. in a report on Wednesday, November 2nd. They set a “buy” rating and a $110.00 price target for the company. Finally, Zacks Investment Research raised Norfolk Southern Corp. from a “hold” rating to a “buy” rating and set a $103.00 price target for the company in a report on Monday, October 31st.

In other news, VP Thomas E. Hurlbut sold 850 shares of the business’s stock in a transaction that occurred on Wednesday, August 24th. The stock was sold at an average price of $92.28, for a total transaction of $78,438.00. Following the completion of the sale, the vice president now owns 10,730 shares in the company, valued at $990,164.40. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP Thomas E. Hurlbut sold 1,017 shares of the business’s stock in a transaction that occurred on Wednesday, August 17th. The stock was sold at an average price of $89.30, for a total value of $90,818.10. Following the sale, the vice president now owns 12,597 shares of the company’s stock, valued at approximately $1,124,912.10. The disclosure for this sale can be found here. Insiders own 0.66% of the company’s stock.

Several large investors have recently modified their holdings of NSC. Vanguard Group Inc. boosted its stake in shares of Norfolk Southern Corp. by 2.4% in the second quarter. Vanguard Group Inc. now owns 20,272,445 shares of the railroad operator’s stock worth $1,725,793,000 after buying an additional 478,702 shares in the last quarter. Capital International Investors boosted its stake in shares of Norfolk Southern Corp. by 5.6% in the second quarter. Capital International Investors now owns 5,850,200 shares of the railroad operator’s stock worth $498,028,000 after buying an additional 309,700 shares in the last quarter. Wells Fargo & Company MN boosted its stake in shares of Norfolk Southern Corp. by 5.4% in the third quarter. Wells Fargo & Company MN now owns 5,703,831 shares of the railroad operator’s stock worth $553,614,000 after buying an additional 292,319 shares in the last quarter. Northern Trust Corp boosted its stake in shares of Norfolk Southern Corp. by 2.1% in the third quarter. Northern Trust Corp now owns 4,906,015 shares of the railroad operator’s stock worth $476,178,000 after buying an additional 98,768 shares in the last quarter. Finally, BlackRock Fund Advisors boosted its stake in shares of Norfolk Southern Corp. by 4.5% in the third quarter. BlackRock Fund Advisors now owns 4,024,586 shares of the railroad operator’s stock worth $390,626,000 after buying an additional 175,129 shares in the last quarter. Institutional investors own 67.97% of the company’s stock.

Shares of Norfolk Southern Corp. (NYSE:NSC) opened at 100.91 on Tuesday. Norfolk Southern Corp. has a 12 month low of $64.51 and a 12 month high of $101.19. The firm has a market capitalization of $29.46 billion, a price-to-earnings ratio of 18.69 and a beta of 1.13. The stock’s 50 day moving average price is $94.70 and its 200-day moving average price is $90.07.

Norfolk Southern Corp. (NYSE:NSC) last issued its earnings results on Wednesday, October 26th. The railroad operator reported $1.55 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.45 by $0.10. Norfolk Southern Corp. had a return on equity of 13.15% and a net margin of 16.27%. The business earned $2.52 billion during the quarter, compared to analysts’ expectations of $2.25 billion. During the same period in the prior year, the firm posted $1.49 EPS. Norfolk Southern Corp.’s quarterly revenue was down 7.0% compared to the same quarter last year. On average, equities research analysts predict that Norfolk Southern Corp. will post $5.55 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, December 10th. Stockholders of record on Friday, November 4th will be issued a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a dividend yield of 2.34%. The ex-dividend date is Wednesday, November 2nd. Norfolk Southern Corp.’s dividend payout ratio is presently 43.70%.

About Norfolk Southern Corp.

Norfolk Southern Corporation is a holding company engaged in the rail transportation business. The Company operates approximately 20,000 miles of road primarily in the East and Midwest. The Company is engaged in the rail transportation of raw materials, intermediate products and finished goods primarily in the Southeast, East and Midwest.

5 Day Chart for NYSE:NSC

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