Royal Bank of Canada Reaffirms “Hold” Rating for Norfolk Southern (NSC)

Royal Bank of Canada reiterated their hold rating on shares of Norfolk Southern (NYSE:NSC) in a report issued on Tuesday morning. The brokerage currently has a $145.00 target price on the railroad operator’s stock.

Several other brokerages have also recently commented on NSC. Cleveland Research reissued a hold rating on shares of Norfolk Southern in a research report on Monday, January 15th. Loop Capital increased their price target on Norfolk Southern to $144.00 and gave the company a sell rating in a research report on Friday, January 12th. Scotiabank raised Norfolk Southern from a sector perform rating to a buy rating and set a $165.00 price target for the company in a research report on Friday, January 12th. Credit Suisse Group reaffirmed a buy rating and issued a $177.00 price objective on shares of Norfolk Southern in a research report on Wednesday, January 17th. Finally, BMO Capital Markets reaffirmed a hold rating and issued a $156.00 price objective on shares of Norfolk Southern in a research report on Monday, January 8th. Three equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and seven have assigned a buy rating to the company’s stock. The company presently has a consensus rating of Hold and a consensus target price of $140.00.

Shares of NYSE NSC opened at $133.51 on Tuesday. Norfolk Southern has a 52 week low of $111.21 and a 52 week high of $157.15. The company has a quick ratio of 0.76, a current ratio of 0.84 and a debt-to-equity ratio of 0.56. The company has a market cap of $37,217.83, a P/E ratio of 20.20, a P/E/G ratio of 1.30 and a beta of 1.31.



Norfolk Southern (NYSE:NSC) last issued its quarterly earnings results on Wednesday, January 24th. The railroad operator reported $1.69 EPS for the quarter, beating the consensus estimate of $1.56 by $0.13. Norfolk Southern had a return on equity of 14.16% and a net margin of 51.22%. The firm had revenue of $2.67 billion during the quarter, compared to analysts’ expectations of $2.66 billion. During the same period in the prior year, the firm posted $1.42 earnings per share. The business’s quarterly revenue was up 7.2% compared to the same quarter last year. equities research analysts anticipate that Norfolk Southern will post 8.41 EPS for the current year.

In related news, VP Thomas E. Hurlbut sold 467 shares of Norfolk Southern stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $150.17, for a total transaction of $70,129.39. Following the completion of the sale, the vice president now directly owns 5,000 shares of the company’s stock, valued at approximately $750,850. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Chairman James A. Squires sold 10,000 shares of Norfolk Southern stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $150.10, for a total value of $1,501,000.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 13,166 shares of company stock valued at $1,958,040. 0.36% of the stock is currently owned by insiders.

Large investors have recently added to or reduced their stakes in the stock. Sawyer & Company Inc acquired a new stake in Norfolk Southern during the 4th quarter worth approximately $104,000. Arcadia Investment Management Corp MI lifted its holdings in Norfolk Southern by 165.1% during the 4th quarter. Arcadia Investment Management Corp MI now owns 835 shares of the railroad operator’s stock worth $121,000 after purchasing an additional 520 shares during the last quarter. Certified Advisory Corp acquired a new stake in Norfolk Southern during the 4th quarter worth approximately $137,000. Welch Investments LLC acquired a new stake in Norfolk Southern during the 4th quarter worth approximately $156,000. Finally, Woodard & Co. Asset Management Group Inc. ADV acquired a new stake in Norfolk Southern during the 4th quarter worth approximately $163,000. 72.48% of the stock is owned by institutional investors and hedge funds.

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About Norfolk Southern

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.

Analyst Recommendations for Norfolk Southern (NYSE:NSC)

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