Norfolk Souther Corporation (NSC) Getting Somewhat Favorable News Coverage, Accern Reports
Media coverage about Norfolk Souther Corporation (NYSE:NSC) has been trending somewhat positive on Tuesday, according to Accern Sentiment Analysis. The research firm scores the sentiment of media coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Norfolk Souther Corporation earned a daily sentiment score of 0.19 on Accern’s scale. Accern also gave headlines about the railroad operator an impact score of 46.3824249223759 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Here are some of the news headlines that may have impacted Accern’s analysis:
- Norfolk Souther Corporation (NSC) Receives “Buy” Rating from UBS AG (americanbankingnews.com)
- Canadian National Railway : Norfolk Souther Corporation (NSC) versus Canadian National Railway (CNI) Head to Head Review (4-traders.com)
- Norfolk Southern Announces Expiration Of Early Exchange Period Of Previously Announced Exchange Offers And Increase In Aggreg… (ih.advfn.com)
- IHS Markit Score Update: Rise in demand for ETFs holding Norfolk Southern Corp is a positive for its shares (finance.yahoo.com)
- ETFs with exposure to Norfolk Southern Corp. : August 11, 2017 (finance.yahoo.com)
Shares of Norfolk Souther Corporation (NSC) opened at 119.55 on Tuesday. The company has a market cap of $34.45 billion, a price-to-earnings ratio of 19.43 and a beta of 1.33. Norfolk Souther Corporation has a one year low of $87.97 and a one year high of $125.31. The company’s 50-day moving average is $118.79 and its 200-day moving average is $118.14.
Norfolk Souther Corporation (NYSE:NSC) last announced its earnings results on Wednesday, July 26th. The railroad operator reported $1.71 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.65 by $0.06. The company had revenue of $2.64 billion during the quarter, compared to analyst estimates of $2.64 billion. Norfolk Souther Corporation had a net margin of 17.66% and a return on equity of 14.45%. Norfolk Souther Corporation’s revenue was up 7.5% compared to the same quarter last year. During the same quarter last year, the firm posted $1.36 earnings per share. On average, equities analysts predict that Norfolk Souther Corporation will post $6.32 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Monday, September 11th. Shareholders of record on Monday, August 7th will be paid a dividend of $0.61 per share. This represents a $2.44 annualized dividend and a yield of 2.04%. The ex-dividend date is Thursday, August 3rd. Norfolk Souther Corporation’s dividend payout ratio (DPR) is presently 39.61%.
NSC has been the subject of several research analyst reports. Zacks Investment Research raised shares of Norfolk Souther Corporation from a “hold” rating to a “buy” rating and set a $132.00 target price for the company in a research note on Wednesday, May 3rd. Deutsche Bank AG lifted their price objective on shares of Norfolk Souther Corporation from $126.00 to $132.00 and gave the stock a “buy” rating in a research note on Friday, April 28th. Stifel Nicolaus lifted their price objective on shares of Norfolk Souther Corporation from $114.00 to $122.00 and gave the stock a “hold” rating in a research note on Monday, May 1st. TD Securities reissued a “hold” rating on shares of Norfolk Souther Corporation in a research note on Thursday, April 27th. Finally, ValuEngine raised shares of Norfolk Souther Corporation from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Four equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating and nine have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $112.35.
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In other Norfolk Souther Corporation news, VP Thomas E. Hurlbut sold 802 shares of the stock in a transaction dated Thursday, May 25th. The shares were sold at an average price of $116.54, for a total transaction of $93,465.08. Following the completion of the transaction, the vice president now owns 4,300 shares of the company’s stock, valued at $501,122. The sale was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 0.36% of the company’s stock.
About Norfolk Souther Corporation
Norfolk Southern Corporation is a holding company engaged in the rail transportation business. As of December 31, 2016, the Company operated approximately 19,500 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.
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