Norfolk Souther Corporation (NSC) Given Consensus Rating of “Hold” by Analysts
Shares of Norfolk Souther Corporation (NYSE:NSC) have been assigned an average rating of “Hold” from the twenty-eight research firms that are currently covering the stock, Marketbeat.com reports. Four equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and nine have issued a buy rating on the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $111.25.
Several research analysts recently weighed in on NSC shares. Cowen and Company restated a “buy” rating and issued a $130.00 price objective on shares of Norfolk Souther Corporation in a research report on Tuesday, July 11th. Zacks Investment Research raised shares of Norfolk Souther Corporation from a “hold” rating to a “buy” rating and set a $133.00 price target for the company in a report on Tuesday, June 13th. ValuEngine raised shares of Norfolk Souther Corporation from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Wolfe Research raised shares of Norfolk Souther Corporation from a “market perform” rating to a “buy” rating and set a $126.00 price target for the company in a report on Monday, August 7th. Finally, UBS AG reissued a “buy” rating and issued a $133.00 price target on shares of Norfolk Souther Corporation in a report on Monday, August 14th.
In other news, VP Thomas E. Hurlbut sold 300 shares of the company’s stock in a transaction on Tuesday, August 29th. The shares were sold at an average price of $118.80, for a total value of $35,640.00. Following the completion of the sale, the vice president now owns 4,000 shares of the company’s stock, valued at approximately $475,200. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman James A. Squires sold 24,407 shares of the company’s stock in a transaction on Tuesday, August 15th. The shares were sold at an average price of $119.95, for a total transaction of $2,927,619.65. Following the completion of the sale, the chairman now directly owns 76,481 shares of the company’s stock, valued at approximately $9,173,895.95. The disclosure for this sale can be found here. In the last three months, insiders sold 27,077 shares of company stock valued at $3,244,531. Corporate insiders own 0.36% of the company’s stock.
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Atlantic Trust LLC purchased a new stake in Norfolk Souther Corporation during the 2nd quarter valued at $144,000. WFG Advisors LP raised its holdings in Norfolk Souther Corporation by 5.3% in the 2nd quarter. WFG Advisors LP now owns 2,488 shares of the railroad operator’s stock worth $303,000 after purchasing an additional 126 shares in the last quarter. Toronto Dominion Bank raised its holdings in Norfolk Souther Corporation by 25.5% in the 2nd quarter. Toronto Dominion Bank now owns 98,418 shares of the railroad operator’s stock worth $11,974,000 after purchasing an additional 19,995 shares in the last quarter. Advisory Services Network LLC raised its holdings in Norfolk Souther Corporation by 25.1% in the 2nd quarter. Advisory Services Network LLC now owns 10,500 shares of the railroad operator’s stock worth $1,278,000 after purchasing an additional 2,110 shares in the last quarter. Finally, Beaton Management Co. Inc. bought a new position in Norfolk Souther Corporation in the 2nd quarter worth $438,000. 70.64% of the stock is owned by institutional investors and hedge funds.
Shares of Norfolk Souther Corporation (NYSE NSC) traded up 0.13% during mid-day trading on Tuesday, reaching $126.58. The company’s stock had a trading volume of 1,575,962 shares. The stock has a market capitalization of $36.48 billion, a P/E ratio of 20.57 and a beta of 1.32. The company has a 50 day moving average price of $117.91 and a 200 day moving average price of $117.98. Norfolk Souther Corporation has a 12 month low of $89.92 and a 12 month high of $126.98.
Norfolk Souther Corporation (NYSE:NSC) last released its quarterly earnings data on Wednesday, July 26th. The railroad operator reported $1.71 earnings per share for the quarter, beating analysts’ consensus estimates of $1.65 by $0.06. Norfolk Souther Corporation had a return on equity of 14.45% and a net margin of 17.66%. The company had revenue of $2.64 billion for the quarter, compared to the consensus estimate of $2.64 billion. During the same period in the previous year, the business earned $1.36 earnings per share. The company’s quarterly revenue was up 7.5% on a year-over-year basis. On average, equities research analysts anticipate that Norfolk Souther Corporation will post $6.32 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Monday, September 11th. Shareholders of record on Monday, August 7th were paid a $0.61 dividend. The ex-dividend date of this dividend was Thursday, August 3rd. This represents a $2.44 dividend on an annualized basis and a yield of 1.93%. Norfolk Souther Corporation’s dividend payout ratio is presently 39.61%.
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Norfolk Souther Corporation Company Profile
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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