Norfolk Southern (NYSE:NSC) PT Raised to $290.00

Norfolk Southern (NYSE:NSC) had its price objective increased by equities researchers at Barclays from $275.00 to $290.00 in a report released on Wednesday, Benzinga reports. The firm currently has an “overweight” rating on the railroad operator’s stock. Barclays‘s price target points to a potential upside of 14.43% from the stock’s previous close.

A number of other research analysts have also recently weighed in on NSC. Benchmark raised their price objective on shares of Norfolk Southern from $270.00 to $285.00 and gave the stock a “buy” rating in a research note on Wednesday. Royal Bank of Canada raised their price target on Norfolk Southern from $267.00 to $272.00 and gave the stock an “outperform” rating in a research report on Monday, September 30th. Citigroup upped their price objective on Norfolk Southern from $294.00 to $302.00 and gave the company a “buy” rating in a research report on Tuesday. Morgan Stanley reiterated an “underweight” rating and set a $175.00 price objective on shares of Norfolk Southern in a research report on Monday, July 8th. Finally, Wells Fargo & Company upped their target price on shares of Norfolk Southern from $260.00 to $270.00 and gave the company an “overweight” rating in a report on Friday, July 26th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $274.16.

Norfolk Southern Stock Down 1.4 %

NSC opened at $253.42 on Wednesday. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.54 and a current ratio of 0.73. The company has a market cap of $57.30 billion, a price-to-earnings ratio of 23.80, a PEG ratio of 2.48 and a beta of 1.31. Norfolk Southern has a one year low of $183.09 and a one year high of $263.66. The business’s fifty day moving average is $248.76 and its two-hundred day moving average is $236.88.

Norfolk Southern (NYSE:NSC) last released its quarterly earnings data on Tuesday, October 22nd. The railroad operator reported $3.25 EPS for the quarter, topping the consensus estimate of $3.11 by $0.14. Norfolk Southern had a net margin of 19.85% and a return on equity of 20.25%. The business had revenue of $3.10 billion for the quarter, compared to analyst estimates of $3.08 billion. During the same period in the previous year, the firm earned $2.65 EPS. The business’s revenue for the quarter was up 3.3% compared to the same quarter last year. Analysts anticipate that Norfolk Southern will post 11.78 EPS for the current fiscal year.

Insider Transactions at Norfolk Southern

In related news, CEO Alan H. Shaw sold 51,325 shares of Norfolk Southern stock in a transaction on Friday, September 13th. The stock was sold at an average price of $255.98, for a total value of $13,138,173.50. Following the transaction, the chief executive officer now owns 35,045 shares in the company, valued at approximately $8,970,819.10. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Norfolk Southern news, Director Sameh Fahmy bought 700 shares of the business’s stock in a transaction dated Thursday, August 1st. The shares were acquired at an average price of $245.15 per share, with a total value of $171,605.00. Following the purchase, the director now owns 7,700 shares in the company, valued at approximately $1,887,655. The trade was a 0.00 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Alan H. Shaw sold 51,325 shares of the company’s stock in a transaction on Friday, September 13th. The stock was sold at an average price of $255.98, for a total transaction of $13,138,173.50. Following the sale, the chief executive officer now directly owns 35,045 shares of the company’s stock, valued at approximately $8,970,819.10. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.19% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in NSC. Cedar Wealth Management LLC acquired a new stake in Norfolk Southern in the first quarter valued at approximately $27,000. 1620 Investment Advisors Inc. purchased a new position in Norfolk Southern in the 2nd quarter valued at about $27,000. Financial Connections Group Inc. acquired a new stake in shares of Norfolk Southern during the second quarter valued at about $31,000. HWG Holdings LP purchased a new stake in shares of Norfolk Southern during the second quarter worth about $31,000. Finally, Hobbs Group Advisors LLC acquired a new position in shares of Norfolk Southern in the second quarter worth about $34,000. 75.10% of the stock is owned by hedge funds and other institutional investors.

Norfolk Southern Company Profile

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.