Norfolk Southern (NSC) Price Target Increased to $115.00 by Analysts at Morgan Stanley

Norfolk Southern (NYSE:NSC) had its price objective lifted by Morgan Stanley from $113.00 to $115.00 in a research report released on Monday morning. They currently have an underweight rating on the railroad operator’s stock.

Several other research analysts also recently commented on the stock. Zacks Investment Research downgraded shares of Norfolk Southern from a buy rating to a hold rating in a research report on Wednesday, September 26th. Edward Jones downgraded shares of Norfolk Southern from a buy rating to a hold rating in a research report on Friday, September 28th. Deutsche Bank upgraded shares of Norfolk Southern from a hold rating to a buy rating and set a $205.00 price target for the company in a report on Tuesday, August 14th. Bank of America upped their price target on shares of Norfolk Southern from $183.00 to $187.00 and gave the stock a buy rating in a report on Monday, October 1st. Finally, Barclays reiterated a hold rating and set a $190.00 price target on shares of Norfolk Southern in a report on Wednesday, September 26th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and twelve have assigned a buy rating to the company’s stock. The company presently has an average rating of Hold and a consensus target price of $174.40.

NSC traded up $4.38 during trading on Monday, hitting $165.47. 65,879 shares of the stock traded hands, compared to its average volume of 2,607,642. Norfolk Southern has a twelve month low of $125.59 and a twelve month high of $186.91. The company has a market cap of $44.10 billion, a P/E ratio of 24.91, a P/E/G ratio of 1.46 and a beta of 1.39. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.86 and a quick ratio of 0.75.

Norfolk Southern (NYSE:NSC) last announced its quarterly earnings data on Wednesday, October 24th. The railroad operator reported $2.52 EPS for the quarter, beating the consensus estimate of $2.44 by $0.08. Norfolk Southern had a net margin of 52.82% and a return on equity of 15.12%. The business had revenue of $2.95 billion during the quarter, compared to the consensus estimate of $2.90 billion. During the same period in the previous year, the business earned $1.75 earnings per share. The company’s revenue was up 10.4% on a year-over-year basis. On average, analysts expect that Norfolk Southern will post 9.23 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, December 10th. Stockholders of record on Friday, November 2nd will be issued a dividend of $0.80 per share. The ex-dividend date of this dividend is Thursday, November 1st. This represents a $3.20 annualized dividend and a dividend yield of 1.93%. Norfolk Southern’s dividend payout ratio (DPR) is presently 48.41%.

In related news, VP Cynthia C. Earhart sold 2,370 shares of the business’s stock in a transaction on Wednesday, August 29th. The shares were sold at an average price of $175.09, for a total value of $414,963.30. Following the sale, the vice president now owns 2,370 shares of the company’s stock, valued at $414,963.30. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Chairman James A. Squires sold 34,077 shares of the business’s stock in a transaction on Monday, August 13th. The stock was sold at an average price of $171.73, for a total transaction of $5,852,043.21. Following the completion of the sale, the chairman now directly owns 63,958 shares in the company, valued at approximately $10,983,507.34. The disclosure for this sale can be found here. 0.23% of the stock is currently owned by corporate insiders.

Institutional investors have recently modified their holdings of the stock. Kaizen Advisory LLC grew its stake in shares of Norfolk Southern by 138.0% in the second quarter. Kaizen Advisory LLC now owns 664 shares of the railroad operator’s stock worth $100,000 after purchasing an additional 385 shares during the last quarter. Marshall & Sullivan Inc. WA bought a new stake in shares of Norfolk Southern in the second quarter worth $102,000. Sun Life Financial INC grew its stake in shares of Norfolk Southern by 336.4% in the second quarter. Sun Life Financial INC now owns 768 shares of the railroad operator’s stock worth $116,000 after purchasing an additional 592 shares during the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors bought a new stake in shares of Norfolk Southern in the second quarter worth $117,000. Finally, Bridgeworth LLC bought a new stake in shares of Norfolk Southern in the second quarter worth $169,000. 72.36% of the stock is currently owned by 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. It also transports overseas freight through various Atlantic and Gulf Coast ports, as well as coal, automotive, and industrial products; and provides commuter passenger services.

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Analyst Recommendations for Norfolk Southern (NYSE:NSC)

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