JPMorgan Chase & Co. Has Lowered Expectations for Norfolk Southern (NYSE:NSC) Stock Price

Norfolk Southern (NYSE:NSC) had its target price decreased by research analysts at JPMorgan Chase & Co. from $296.00 to $292.00 in a note issued to investors on Tuesday,MarketScreener reports. The brokerage currently has a “neutral” rating on the railroad operator’s stock. JPMorgan Chase & Co.‘s price objective would suggest a potential upside of 1.78% from the company’s previous close.

A number of other research analysts have also issued reports on NSC. UBS Group lowered shares of Norfolk Southern from a “buy” rating to a “neutral” rating and set a $342.00 target price on the stock. in a research report on Friday, February 6th. Morgan Stanley raised Norfolk Southern from an “equal weight” rating to a “buy” rating in a research note on Thursday, December 18th. Deutsche Bank Aktiengesellschaft cut shares of Norfolk Southern from a “buy” rating to a “hold” rating and cut their price objective for the stock from $354.00 to $297.00 in a research report on Thursday, December 11th. Barclays decreased their target price on shares of Norfolk Southern from $340.00 to $320.00 and set an “overweight” rating on the stock in a report on Friday, January 30th. Finally, Citigroup boosted their target price on shares of Norfolk Southern from $300.00 to $313.00 and gave the company a “neutral” rating in a research report on Tuesday. Seven research analysts have rated the stock with a Buy rating and seventeen have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $305.53.

Norfolk Southern Stock Down 0.4%

NSC opened at $286.90 on Tuesday. The stock has a fifty day moving average of $299.90 and a 200-day moving average of $293.15. The company 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. Norfolk Southern has a fifty-two week low of $201.63 and a fifty-two week high of $319.94. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.78 and a current ratio of 0.85.

Norfolk Southern (NYSE:NSC) last released its quarterly 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 net margin of 23.59% and a return on equity of 18.78%. The business had revenue of $3 billion for the quarter, compared to the consensus estimate of $3.03 billion. During the same period in the prior year, the company posted $3.04 earnings per share. Norfolk Southern’s revenue was down 1.7% compared to the same quarter last year. On average, equities analysts expect that Norfolk Southern will post 13 EPS for the current year.

Institutional Trading of Norfolk Southern

A number of hedge funds have recently added to or reduced their stakes in NSC. ORG Partners LLC increased its holdings in shares of Norfolk Southern by 75.0% during the third quarter. ORG Partners LLC now owns 84 shares of the railroad operator’s stock worth $25,000 after buying an additional 36 shares in the last quarter. JPL Wealth Management LLC acquired a new stake in shares of Norfolk Southern during the 3rd quarter valued at $25,000. Westside Investment Management Inc. boosted its holdings in shares of Norfolk Southern by 207.1% during the 3rd quarter. Westside Investment Management Inc. now owns 86 shares of the railroad operator’s stock valued at $26,000 after acquiring an additional 58 shares in the last quarter. BNP Paribas bought a new stake in Norfolk Southern during the 2nd quarter worth $26,000. Finally, GoalVest Advisory LLC grew its position in Norfolk Southern by 933.3% during the 4th quarter. GoalVest Advisory LLC now owns 93 shares of the railroad operator’s stock worth $27,000 after acquiring an additional 84 shares during the last quarter. Institutional investors and hedge funds 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.