Norfolk Southern (NSC) – Research Analysts’ Weekly Ratings Changes

A number of firms have modified their ratings and price targets on shares of Norfolk Southern (NYSE: NSC) recently:

• 4/18/2024 – Norfolk Southern had its price target raised by analysts at Loop Capital from $261.00 to $270.00. They now have a “buy” rating on the stock.
• 4/12/2024 – Norfolk Southern had its price target raised by analysts at Stifel Nicolaus from $233.00 to $244.00. They now have a “hold” rating on the stock.
• 4/10/2024 – Norfolk Southern had its “sector perform” rating reaffirmed by analysts at Royal Bank of Canada. They now have a $270.00 price target on the stock.
• 4/10/2024 – Norfolk Southern had its price target lowered by analysts at Susquehanna from $270.00 to $265.00. They now have a “neutral” rating on the stock.
• 4/10/2024 – Norfolk Southern had its price target raised by analysts at Benchmark Co. from $250.00 to $277.00. They now have a “buy” rating on the stock.
• 4/9/2024 – Norfolk Southern had its price target raised by analysts at JPMorgan Chase & Co. from $240.00 to $275.00. They now have an “overweight” rating on the stock.
• 4/8/2024 – Norfolk Southern is now covered by analysts at Jefferies Financial Group Inc.. They set a “buy” rating and a $300.00 price target on the stock.
• 3/28/2024 – Norfolk Southern had its price target raised by analysts at Susquehanna from $245.00 to $270.00. They now have a “neutral” rating on the stock.
• 3/21/2024 – Norfolk Southern had its price target raised by analysts at TD Cowen from $236.00 to $253.00. They now have a “market perform” rating on the stock.
• 3/21/2024 – Norfolk Southern had its price target raised by analysts at The Goldman Sachs Group, Inc. from $252.00 to $283.00. They now have a “buy” rating on the stock.
• 3/4/2024 – Norfolk Southern was upgraded by analysts at UBS Group AG from a “neutral” rating to a “buy” rating. They now have a $302.00 price target on the stock, up previously from $238.00.

Norfolk Southern Trading Up 1.4 %

Norfolk Southern stock opened at $244.61 on Tuesday. Norfolk Southern Co. has a 12 month low of $183.09 and a 12 month high of $263.66. The company has a market capitalization of $60.23 billion, a price-to-earnings ratio of 30.50, a price-to-earnings-growth ratio of 3.28 and a beta of 1.30. The business’s fifty day simple moving average is $252.77 and its two-hundred day simple moving average is $231.71. The company has a current ratio of 1.24, a quick ratio of 1.14 and a debt-to-equity ratio of 1.34.

Norfolk Southern (NYSE:NSC) last announced its quarterly earnings results on Friday, January 26th. The railroad operator reported $2.83 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.87 by ($0.04). The firm had revenue of $3.10 billion during the quarter, compared to the consensus estimate of $3.09 billion. Norfolk Southern had a return on equity of 21.06% and a net margin of 15.03%. The business’s revenue for the quarter was down 4.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $3.42 EPS. As a group, equities analysts predict that Norfolk Southern Co. will post 11.98 earnings per share for the current fiscal year.

Norfolk Southern Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 20th. Investors of record on Friday, February 2nd were given a $1.35 dividend. The ex-dividend date was Thursday, February 1st. This represents a $5.40 annualized dividend and a yield of 2.21%. Norfolk Southern’s dividend payout ratio (DPR) is presently 67.33%.

Institutional Trading of Norfolk Southern

Institutional investors and hedge funds have recently modified their holdings of the business. Exchange Traded Concepts LLC increased its holdings in Norfolk Southern by 662.5% in the 4th quarter. Exchange Traded Concepts LLC now owns 122 shares of the railroad operator’s stock worth $29,000 after buying an additional 106 shares in the last quarter. Rise Advisors LLC bought a new stake in shares of Norfolk Southern in the first quarter worth approximately $34,000. Turtle Creek Wealth Advisors LLC purchased a new position in shares of Norfolk Southern during the fourth quarter valued at approximately $32,000. Provence Wealth Management Group bought a new position in Norfolk Southern during the third quarter valued at approximately $28,000. Finally, Creative Financial Designs Inc. ADV boosted its holdings in Norfolk Southern by 317.1% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 146 shares of the railroad operator’s stock worth $35,000 after purchasing an additional 111 shares during the last quarter. Institutional investors own 75.10% of the company’s stock.

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.