Somewhat Favorable Media Coverage Somewhat Unlikely to Impact Norfolk Souther Corporation (NSC) Share Price
Media stories about Norfolk Souther Corporation (NYSE:NSC) have been trending somewhat positive recently, Accern reports. Accern ranks the sentiment of media coverage by analyzing more than 20 million blog and news sources. 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 media sentiment score of 0.08 on Accern’s scale. Accern also assigned news articles about the railroad operator an impact score of 46.8736244316854 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
These are some of the media stories that may have impacted Accern Sentiment Analysis’s scoring:
- Norfolk Souther Corporation (NSC) Expected to Post Earnings of $1.56 Per Share (americanbankingnews.com)
- Worth Watching Stocks Roundup: Las Vegas Sands Corp., (NYSE: LVS), Norfolk Southern Corporation, (NYSE: NSC … – Stocks In The News (press release) (tradingnewsnow.com)
- Norfolk Southern Corp. breached its 50 day moving average in a Bearish Manner : NSC-US : November 9, 2017 (finance.yahoo.com)
- Norfolk Southern Corp. : NSC-US: Dividend Analysis : November 03rd, 2017 (record date) : By the numbers : November 3, 2017 (finance.yahoo.com)
Several analysts have recently commented on the stock. BidaskClub upgraded shares of Norfolk Souther Corporation from a “strong sell” rating to a “sell” rating in a research report on Thursday, August 10th. UBS AG restated a “buy” rating and set a $133.00 price objective on shares of Norfolk Souther Corporation in a research report on Monday, August 14th. Cowen and Company restated an “outperform” rating and set a $130.00 price objective on shares of Norfolk Souther Corporation in a research report on Tuesday, August 1st. Wolfe Research upgraded shares of Norfolk Souther Corporation from a “market perform” rating to a “buy” rating and set a $126.00 price objective on the stock in a research report on Monday, August 7th. Finally, Zacks Investment Research upgraded shares of Norfolk Souther Corporation from a “hold” rating to a “buy” rating and set a $147.00 price objective on the stock in a research report on Wednesday, November 1st. Four equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and six have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $127.26.
Norfolk Souther Corporation (NYSE:NSC) opened at $127.15 on Friday. Norfolk Souther Corporation has a 52 week low of $98.92 and a 52 week high of $134.52. The company has a market cap of $36,624.18, a price-to-earnings ratio of 20.12, a price-to-earnings-growth ratio of 1.65 and a beta of 1.37. The company has a quick ratio of 0.73, a current ratio of 0.83 and a debt-to-equity ratio of 0.73.
Norfolk Souther Corporation (NYSE:NSC) last released its quarterly earnings results on Wednesday, October 25th. The railroad operator reported $1.75 EPS for the quarter, topping analysts’ consensus estimates of $1.64 by $0.11. Norfolk Souther Corporation had a net margin of 17.86% and a return on equity of 14.72%. The firm had revenue of $2.67 billion during the quarter, compared to analysts’ expectations of $2.65 billion. During the same period in the previous year, the company earned $1.55 EPS. The firm’s revenue for the quarter was up 5.8% compared to the same quarter last year. sell-side analysts anticipate that Norfolk Souther Corporation will post 6.46 earnings per share for the current fiscal year.
Norfolk Souther Corporation announced that its Board of Directors has authorized a share repurchase plan on Tuesday, September 26th that authorizes the company to buyback 50,000,000 shares. This buyback authorization authorizes the railroad operator to reacquire shares of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s board of directors believes its stock is undervalued.
The company also recently declared a quarterly dividend, which will be paid on Monday, December 11th. Investors of record on Friday, November 3rd will be paid a dividend of $0.61 per share. The ex-dividend date of this dividend is Thursday, November 2nd. This represents a $2.44 dividend on an annualized basis and a dividend yield of 1.92%. Norfolk Souther Corporation’s dividend payout ratio is presently 38.36%.
In other news, COO Michael Joseph Wheeler sold 2,370 shares of the business’s stock in a transaction dated Friday, August 25th. The shares were sold at an average price of $118.68, for a total value of $281,271.60. Following the completion of the sale, the chief operating officer now owns 13,492 shares in the company, valued at approximately $1,601,230.56. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, 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 transaction 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 disclosure for this sale can be found here. Insiders have sold a total of 30,645 shares of company stock valued at $3,719,075 in the last quarter. 0.36% of the stock is currently owned by company insiders.
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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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