Norfolk Southern (NYSE:NSC) PT Lowered to $245.00

Norfolk Southern (NYSE:NSCGet Free Report) had its price objective cut by stock analysts at BMO Capital Markets from $250.00 to $245.00 in a report released on Monday, Benzinga reports. The brokerage presently has a “market perform” rating on the railroad operator’s stock. BMO Capital Markets’ price target suggests a potential upside of 3.43% from the stock’s previous close.

Several other research analysts have also recently commented on NSC. TD Cowen cut shares of Norfolk Southern from an “outperform” rating to a “market perform” rating and upped their target price for the stock from $233.00 to $236.00 in a research report on Monday. Barclays decreased their target price on shares of Norfolk Southern from $215.00 to $205.00 and set an “equal weight” rating for the company in a research report on Thursday, October 26th. Wells Fargo & Company decreased their price objective on shares of Norfolk Southern from $245.00 to $220.00 and set an “overweight” rating for the company in a report on Thursday, October 26th. Susquehanna decreased their price objective on shares of Norfolk Southern from $245.00 to $215.00 and set a “neutral” rating for the company in a report on Tuesday, October 3rd. Finally, Bank of America upgraded shares of Norfolk Southern from a “neutral” rating to a “buy” rating and increased their price objective for the company from $204.00 to $248.00 in a report on Friday, December 1st. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, Norfolk Southern currently has an average rating of “Hold” and an average price target of $235.35.

View Our Latest Stock Analysis on NSC

Norfolk Southern Price Performance

NSC opened at $236.87 on Monday. The firm has a market cap of $53.47 billion, a price-to-earnings ratio of 29.53, a price-to-earnings-growth ratio of 3.85 and a beta of 1.31. Norfolk Southern has a fifty-two week low of $183.09 and a fifty-two week high of $255.90. The company’s 50-day moving average price is $229.27 and its 200 day moving average price is $215.01. The company has a quick ratio of 1.14, a current ratio of 1.24 and a debt-to-equity ratio of 1.34.

Norfolk Southern (NYSE:NSCGet Free Report) last posted its earnings results on Friday, January 26th. The railroad operator reported $2.83 EPS for the quarter, missing the consensus estimate of $2.87 by ($0.04). Norfolk Southern had a return on equity of 21.06% and a net margin of 15.03%. The firm had revenue of $3.10 billion during the quarter, compared to the consensus estimate of $3.09 billion. During the same quarter last year, the company posted $3.42 EPS. Norfolk Southern’s revenue for the quarter was down 4.2% on a year-over-year basis. As a group, sell-side analysts expect that Norfolk Southern will post 12.95 earnings per share for the current year.

Institutional Investors Weigh In On Norfolk Southern

Several hedge funds have recently made changes to their positions in the company. VisionPoint Advisory Group LLC purchased a new stake in Norfolk Southern in the 2nd quarter worth approximately $25,000. Headlands Technologies LLC purchased a new stake in Norfolk Southern in the 2nd quarter worth approximately $26,000. Provence Wealth Management Group purchased a new stake in Norfolk Southern in the 3rd quarter worth approximately $28,000. Exchange Traded Concepts LLC raised its holdings in shares of Norfolk Southern by 662.5% during the 4th quarter. Exchange Traded Concepts LLC now owns 122 shares of the railroad operator’s stock valued at $29,000 after purchasing an additional 106 shares in the last quarter. Finally, Nemes Rush Group LLC bought a new position in shares of Norfolk Southern during the 2nd quarter valued at $30,000. Hedge funds and other institutional investors own 72.37% of the company’s stock.

About Norfolk Southern

(Get Free Report)

Norfolk Southern Corporation, together with its subsidiaries, engages in the rail transportation of raw materials, intermediate products, and finished goods in the United States. The company transports agriculture, forest, and consumer products comprising soybeans, wheat, corn, fertilizers, livestock and poultry feed, food products, food oils, flour, sweeteners, ethanol, lumber and wood products, pulp board and paper products, wood fibers, wood pulp, beverages, and canned goods; chemicals consist of sulfur and related chemicals, petroleum products comprising crude oil, chlorine and bleaching compounds, plastics, rubber, industrial chemicals, chemical wastes, sand, and natural gas liquids; metals and construction materials, such as steel, aluminum products, machinery, scrap metals, cement, aggregates, minerals, clay, transportation equipment, and military-related products; and automotive, including finished motor vehicles and automotive parts, as well as coal.

Further Reading

Analyst Recommendations for Norfolk Southern (NYSE:NSC)

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