Norfolk Souther Corporation’s (NSC) “Hold” Rating Reiterated at Robert W. Baird

Robert W. Baird restated their hold rating on shares of Norfolk Souther Corporation (NYSE:NSC) in a report issued on Friday morning. They currently have a $136.00 price objective on the railroad operator’s stock.

NSC has been the topic of a number of other reports. Credit Suisse Group reiterated a buy rating and set a $143.00 price target (up from $133.00) on shares of Norfolk Souther Corporation in a research note on Thursday, October 12th. They noted that the move was a valuation call. Royal Bank Of Canada reiterated a sell rating and set a $117.00 price target on shares of Norfolk Souther Corporation in a research note on Tuesday, August 29th. ValuEngine upgraded shares of Norfolk Souther Corporation from a hold rating to a buy rating in a research note on Friday, September 1st. Zacks Investment Research raised shares of Norfolk Souther Corporation from a hold rating to a buy rating and set a $147.00 price objective on the stock in a report on Wednesday, November 1st. Finally, Deutsche Bank AG downgraded shares of Norfolk Souther Corporation from a buy rating to a hold rating and decreased their price objective for the stock from $132.00 to $104.00 in a report on Monday, July 31st. Four research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and six have given a buy rating to the company. The company currently has a consensus rating of Hold and a consensus target price of $127.62.

Norfolk Souther Corporation (NSC) opened at $127.62 on Friday. Norfolk Souther Corporation has a one year low of $100.91 and a one year high of $134.52. The company has a current ratio of 0.83, a quick ratio of 0.73 and a debt-to-equity ratio of 0.73. The stock has a market cap of $36,383.82, a PE ratio of 19.99, a PEG ratio of 1.64 and a beta of 1.37.

Norfolk Souther Corporation (NYSE:NSC) last issued its quarterly earnings results on Wednesday, October 25th. The railroad operator reported $1.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.64 by $0.11. Norfolk Souther Corporation had a net margin of 17.86% and a return on equity of 14.72%. The business had revenue of $2.67 billion for the quarter, compared to analyst estimates of $2.65 billion. During the same period in the previous year, the business posted $1.55 earnings per share. The business’s revenue was up 5.8% compared to the same quarter last year. research analysts predict that Norfolk Souther Corporation will post 6.46 EPS for the current year.

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The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 11th. Investors of record on Friday, November 3rd will be paid a dividend of $0.61 per share. This represents a $2.44 annualized dividend and a dividend yield of 1.91%. The ex-dividend date is Thursday, November 2nd. Norfolk Souther Corporation’s payout ratio is 38.36%.

Norfolk Souther Corporation declared that its Board of Directors has initiated a stock repurchase plan on Tuesday, September 26th that permits the company to buyback 50,000,000 outstanding shares. This buyback authorization permits the railroad operator to reacquire shares of its stock through open market purchases. Shares buyback plans are typically a sign that the company’s board believes its stock is undervalued.

In related news, VP Thomas E. Hurlbut sold 300 shares of the company’s stock in a transaction that occurred on Tuesday, August 29th. The shares were sold at an average price of $118.80, for a total transaction of $35,640.00. Following the completion of the transaction, the vice president now owns 4,000 shares of the company’s stock, valued at $475,200. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Michael Joseph Wheeler sold 2,370 shares of the company’s stock in a transaction that occurred on Friday, August 25th. The stock was sold at an average price of $118.68, for a total transaction of $281,271.60. Following the transaction, the chief operating officer now directly owns 13,492 shares of the company’s stock, valued at approximately $1,601,230.56. The disclosure for this sale can be found here. Insiders have sold 6,238 shares of company stock worth $791,456 in the last three months. Insiders own 0.36% of the company’s stock.

Hedge funds have recently modified their holdings of the stock. BB&T Investment Services Inc. acquired a new position in Norfolk Souther Corporation during the second quarter worth approximately $287,000. Korea Investment CORP increased its position in shares of Norfolk Souther Corporation by 7.8% in the second quarter. Korea Investment CORP now owns 269,011 shares of the railroad operator’s stock worth $32,739,000 after acquiring an additional 19,485 shares in the last quarter. Israel Discount Bank of New York acquired a new stake in shares of Norfolk Souther Corporation in the first quarter worth $456,000. Curbstone Financial Management Corp increased its position in shares of Norfolk Souther Corporation by 106.1% in the third quarter. Curbstone Financial Management Corp now owns 8,298 shares of the railroad operator’s stock worth $1,097,000 after acquiring an additional 4,271 shares in the last quarter. Finally, Airain ltd acquired a new stake in shares of Norfolk Souther Corporation in the second quarter worth $2,410,000. 70.88% of the stock is owned by hedge funds and other institutional investors.

Norfolk Souther Corporation Company Profile

Norfolk Southern Corporation is a holding company engaged in the rail transportation business. As of December 31, 2016, the Company operated approximately 19,500 miles of road primarily in the East and Midwest. The Company is engaged in the rail transportation of raw materials, intermediate products and finished goods primarily in the Southeast, East and Midwest.

Analyst Recommendations for Norfolk Souther Corporation (NYSE:NSC)

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