Norfolk Souther Corporation (NSC) Given Daily News Impact Score of 0.12
News stories about Norfolk Souther Corporation (NYSE:NSC) have trended somewhat positive this week, Accern Sentiment Analysis reports. The research firm ranks the sentiment of news coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Norfolk Souther Corporation earned a daily sentiment score of 0.12 on Accern’s scale. Accern also assigned news stories about the railroad operator an impact score of 45.9283312397815 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
A number of research firms have recently issued reports on NSC. Stifel Nicolaus reaffirmed a “hold” rating and set a $124.00 price objective on shares of Norfolk Souther Corporation in a report on Tuesday, September 12th. ValuEngine raised shares of Norfolk Souther Corporation from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Credit Suisse Group reaffirmed an “outperform” rating and set a $139.00 price objective (up from $133.00) on shares of Norfolk Souther Corporation in a report on Thursday, July 13th. They noted that the move was a valuation call. Cowen and Company reaffirmed a “buy” rating and set a $130.00 price objective on shares of Norfolk Souther Corporation in a report on Tuesday, July 11th. Finally, Scotiabank downgraded shares of Norfolk Souther Corporation from a “sector outperform” rating to a “sector perform” rating in a report on Thursday, July 6th. Four research analysts have rated the stock with a sell rating, thirteen have given a hold rating and nine have given a buy rating to the company’s stock. Norfolk Souther Corporation has a consensus rating of “Hold” and an average price target of $115.00.
Norfolk Souther Corporation (NYSE:NSC) opened at 130.31 on Tuesday. Norfolk Souther Corporation has a 52 week low of $89.95 and a 52 week high of $131.41. The stock’s 50 day moving average is $120.17 and its 200 day moving average is $118.29. The company has a market capitalization of $37.55 billion, a P/E ratio of 21.17 and a beta of 1.32.
Norfolk Souther Corporation (NYSE:NSC) last posted its quarterly earnings results on Wednesday, July 26th. The railroad operator reported $1.71 EPS for the quarter, beating the consensus estimate of $1.65 by $0.06. Norfolk Souther Corporation had a net margin of 17.66% and a return on equity of 14.45%. The business had revenue of $2.64 billion during the quarter, compared to analyst estimates of $2.64 billion. During the same quarter in the previous year, the business posted $1.36 EPS. The company’s quarterly revenue was up 7.5% compared to the same quarter last year. On average, equities research analysts expect that Norfolk Souther Corporation will post $6.32 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Monday, September 11th. Stockholders of record on Monday, August 7th were issued a $0.61 dividend. The ex-dividend date was Thursday, August 3rd. This represents a $2.44 annualized dividend and a dividend yield of 1.86%. Norfolk Souther Corporation’s dividend payout ratio is currently 39.61%.
In other news, VP Thomas E. Hurlbut sold 300 shares of the business’s stock in a transaction dated 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 in the company, valued at approximately $475,200. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Chairman James A. Squires sold 24,407 shares of the business’s stock in a transaction dated 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 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 90 days, insiders sold 27,077 shares of company stock valued at $3,244,531. Company insiders own 0.36% of the company’s stock.
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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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