Norfolk Southern (NYSE:NSC) PT Raised to $286.00

Norfolk Southern (NYSE:NSC) had its target price boosted by analysts at Sanford C. Bernstein from $285.00 to $286.00 in a report issued on Wednesday, Benzinga reports. The brokerage currently has an “outperform” rating on the railroad operator’s stock. Sanford C. Bernstein’s target price indicates a potential upside of 16.30% from the stock’s previous close.

Several other research analysts have also issued reports on NSC. Stifel Nicolaus raised their price target on Norfolk Southern from $239.00 to $241.00 and gave the stock a “hold” rating in a research report on Friday, July 26th. Susquehanna lifted their target price on Norfolk Southern from $255.00 to $280.00 and gave the stock a “neutral” rating in a report on Wednesday, October 2nd. Royal Bank of Canada lifted their target price on Norfolk Southern from $267.00 to $272.00 and gave the stock an “outperform” rating in a report on Monday, September 30th. Evercore ISI lifted their target price on Norfolk Southern from $265.00 to $276.00 and gave the stock an “outperform” rating in a report on Wednesday, September 25th. Finally, TD Cowen lifted their target price on Norfolk Southern from $251.00 to $253.00 and gave the stock a “hold” rating in a report on Friday, July 26th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $265.94.

Norfolk Southern Stock Up 0.3 %

NYSE NSC opened at $245.91 on Wednesday. The stock has a fifty day moving average of $246.51 and a 200-day moving average of $236.76. The stock has a market capitalization of $55.55 billion, a P/E ratio of 39.53, a price-to-earnings-growth ratio of 2.40 and a beta of 1.31. Norfolk Southern has a 52 week low of $183.09 and a 52 week high of $263.66. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.54 and a current ratio of 0.63.

Norfolk Southern (NYSE:NSC) last released its earnings results on Thursday, July 25th. The railroad operator reported $3.06 EPS for the quarter, beating the consensus estimate of $2.86 by $0.20. Norfolk Southern had a return on equity of 19.64% and a net margin of 14.85%. The company had revenue of $3.04 billion during the quarter, compared to analysts’ expectations of $3.04 billion. During the same period last year, the firm earned $2.95 EPS. The business’s revenue for the quarter was up 2.1% on a year-over-year basis. On average, equities research analysts forecast that Norfolk Southern will post 11.8 EPS for the current year.

Insider Activity at Norfolk Southern

In related news, CEO Alan H. Shaw sold 51,325 shares of Norfolk Southern stock in a transaction dated 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 sale, the chief executive officer now owns 35,045 shares of the company’s stock, valued at approximately $8,970,819.10. The trade was a 0.00 % decrease in their ownership of the stock. The transaction 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 purchased 700 shares of the stock in a transaction on Thursday, August 1st. The shares were purchased at an average price of $245.15 per share, with a total value of $171,605.00. Following the completion of the transaction, the director now directly owns 7,700 shares in the company, valued at $1,887,655. This represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Alan H. Shaw sold 51,325 shares of the business’s stock in a transaction that occurred 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 directly owns 35,045 shares in the company, valued at approximately $8,970,819.10. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.19% of the stock is owned by company insiders.

Hedge Funds Weigh In On Norfolk Southern

A number of institutional investors have recently bought and sold shares of the business. Cedar Wealth Management LLC acquired a new position in shares of Norfolk Southern in the first quarter valued at approximately $27,000. 1620 Investment Advisors Inc. acquired a new position in shares of Norfolk Southern in the second quarter valued at approximately $27,000. Financial Connections Group Inc. acquired a new position in shares of Norfolk Southern in the second quarter valued at approximately $31,000. HWG Holdings LP acquired a new position in shares of Norfolk Southern in the second quarter valued at approximately $31,000. Finally, Rise Advisors LLC acquired a new position in shares of Norfolk Southern in the first quarter valued at approximately $34,000. Institutional investors and hedge funds own 75.10% of the company’s stock.

About Norfolk Southern

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.