Norfolk Southern (NYSE:NSC) Given New $292.00 Price Target at JPMorgan Chase & Co.

Norfolk Southern (NYSE:NSC) had its price target reduced by stock analysts at JPMorgan Chase & Co. from $296.00 to $292.00 in a report released on Tuesday,MarketScreener reports. The firm presently has a “neutral” rating on the railroad operator’s stock. JPMorgan Chase & Co.‘s target price points to a potential upside of 1.78% from the stock’s current price.

NSC has been the subject of a number of other research reports. Evercore raised their target price on shares of Norfolk Southern from $298.00 to $299.00 in a research report on Thursday, December 18th. Sanford C. Bernstein reduced their price target on Norfolk Southern from $322.00 to $313.00 and set an “outperform” rating for the company in a research report on Tuesday, March 31st. Rothschild & Co Redburn decreased their target price on shares of Norfolk Southern from $317.00 to $308.00 and set a “neutral” rating for the company in a research note on Wednesday, April 1st. Barclays dropped their price target on shares of Norfolk Southern from $340.00 to $320.00 and set an “overweight” rating on the stock in a research report on Friday, January 30th. Finally, Susquehanna lifted their price objective on shares of Norfolk Southern from $304.00 to $305.00 and gave the company a “neutral” rating in a research report on Friday, January 30th. Seven analysts have rated the stock with a Buy rating and seventeen have given a Hold rating to the company’s stock. According to data from MarketBeat, Norfolk Southern presently has an average rating of “Hold” and an average target price of $305.53.

Norfolk Southern Stock Down 0.4%

NSC stock opened at $286.90 on Tuesday. The business has a 50-day moving average of $299.90 and a 200-day moving average of $293.15. Norfolk Southern has a fifty-two week low of $201.63 and a fifty-two week high of $319.94. The stock has a market capitalization of $70.24 billion, a P/E ratio of 22.64, a P/E/G ratio of 5.25 and a beta of 1.31. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.85 and a quick ratio of 0.78.

Norfolk Southern (NYSE:NSC) last released its earnings results on Thursday, January 29th. The railroad operator reported $3.22 EPS for the quarter, beating the consensus estimate of $2.76 by $0.46. Norfolk Southern had a return on equity of 18.78% and a net margin of 23.59%.The firm had revenue of $3 billion for the quarter, compared to analysts’ expectations of $3.03 billion. During the same quarter in the previous year, the business posted $3.04 EPS. The business’s quarterly revenue was down 1.7% compared to the same quarter last year. On average, sell-side analysts anticipate that Norfolk Southern will post 13 earnings per share for the current fiscal year.

Institutional Trading of Norfolk Southern

Hedge funds and other institutional investors have recently modified their holdings of the stock. Rockefeller Capital Management L.P. grew its stake in Norfolk Southern by 1.5% in the 4th quarter. Rockefeller Capital Management L.P. now owns 56,472 shares of the railroad operator’s stock valued at $16,305,000 after buying an additional 832 shares during the last quarter. Nalls Sherbakoff Group LLC bought a new position in Norfolk Southern in the 4th quarter valued at about $474,000. Downshift Financial LLC acquired a new stake in Norfolk Southern during the fourth quarter worth approximately $324,000. Corient Private Wealth LLC boosted its holdings in shares of Norfolk Southern by 5.7% during the fourth quarter. Corient Private Wealth LLC now owns 92,032 shares of the railroad operator’s stock worth $26,572,000 after acquiring an additional 4,926 shares during the period. Finally, Union Savings Bank acquired a new position in shares of Norfolk Southern in the fourth quarter valued at approximately $1,322,000. Institutional investors own 75.10% of the company’s stock.

Norfolk Southern Company Profile

Norfolk Southern Corporation is a major U.S. freight railroad company that provides rail transportation and related logistics services. As a Class I carrier, the company operates an extensive network across the eastern United States and offers scheduled freight service for a broad range of industries. Its core operations include long-haul and regional rail freight transportation, intermodal services that move containers and trailers between rail and other modes, and terminal and switching services that support efficient rail shipments for industrial and port customers.

The company transports a variety of commodities, serving sectors such as coal and energy, automotive and automotive parts, chemicals, agriculture, metals and construction materials, and consumer goods.