Norfolk Southern (NYSE:NSC) PT Lowered to $195.00 at Barclays

Norfolk Southern (NYSE:NSC) had its target price decreased by stock analysts at Barclays from $200.00 to $195.00 in a research report issued on Thursday, AnalystRatings.com reports. The brokerage presently has an “equal weight” rating on the railroad operator’s stock. Barclays‘s price objective would indicate a potential upside of 6.45% from the company’s current price.

A number of other equities research analysts have also recently commented on NSC. Zacks Investment Research raised Norfolk Southern from a “sell” rating to a “hold” rating and set a $182.00 price objective for the company in a research note on Friday, October 11th. Morgan Stanley set a $130.00 price objective on Norfolk Southern and gave the company a “sell” rating in a research note on Monday, July 8th. Cowen reissued a “buy” rating and issued a $215.00 price objective on shares of Norfolk Southern in a research note on Wednesday. Cascend Securities cut Norfolk Southern from a “buy” rating to a “hold” rating in a research note on Wednesday, July 17th. Finally, TD Securities reduced their price objective on Norfolk Southern from $225.00 to $220.00 and set a “buy” rating for the company in a research note on Thursday, July 25th. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and nine have assigned a buy rating to the company’s stock. Norfolk Southern presently has a consensus rating of “Hold” and an average target price of $202.24.

Shares of Norfolk Southern stock opened at $183.18 on Thursday. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.68 and a current ratio of 0.73. Norfolk Southern has a 52 week low of $138.65 and a 52 week high of $211.46. The stock has a 50 day moving average price of $178.66 and a two-hundred day moving average price of $189.63. The stock has a market capitalization of $48.70 billion, a PE ratio of 19.26, a price-to-earnings-growth ratio of 1.69 and a beta of 1.36.

Norfolk Southern (NYSE:NSC) last announced its quarterly earnings data on Wednesday, October 23rd. The railroad operator reported $2.49 EPS for the quarter, missing the Zacks’ consensus estimate of $2.57 by ($0.08). Norfolk Southern had a net margin of 23.98% and a return on equity of 18.22%. The firm had revenue of $2.84 billion during the quarter, compared to analyst estimates of $2.86 billion. During the same period last year, the business posted $2.52 EPS. The company’s revenue was down 3.6% on a year-over-year basis. Research analysts forecast that Norfolk Southern will post 10.32 EPS for the current year.

In related news, Director Jennifer F. Scanlon bought 525 shares of the business’s stock in a transaction that occurred on Monday, July 29th. The shares were bought at an average price of $191.52 per share, with a total value of $100,548.00. Following the completion of the transaction, the director now directly owns 525 shares in the company, valued at $100,548. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.19% of the stock is owned by insiders.

Several large investors have recently made changes to their positions in the stock. Bigelow Investment Advisors LLC lifted its holdings in Norfolk Southern by 1.0% during the second quarter. Bigelow Investment Advisors LLC now owns 5,409 shares of the railroad operator’s stock worth $1,078,000 after acquiring an additional 55 shares during the period. Contravisory Investment Management Inc. lifted its holdings in Norfolk Southern by 18.4% during the second quarter. Contravisory Investment Management Inc. now owns 360 shares of the railroad operator’s stock worth $72,000 after acquiring an additional 56 shares during the period. Unison Advisors LLC lifted its holdings in Norfolk Southern by 0.4% during the second quarter. Unison Advisors LLC now owns 12,654 shares of the railroad operator’s stock worth $2,522,000 after acquiring an additional 56 shares during the period. First Financial Corp IN lifted its holdings in Norfolk Southern by 8.5% during the third quarter. First Financial Corp IN now owns 765 shares of the railroad operator’s stock worth $138,000 after acquiring an additional 60 shares during the period. Finally, NEXT Financial Group Inc lifted its holdings in Norfolk Southern by 2.6% during the third quarter. NEXT Financial Group Inc now owns 2,390 shares of the railroad operator’s stock worth $429,000 after acquiring an additional 60 shares during the period. 72.29% of the stock is currently owned by institutional investors.

About Norfolk Southern

Norfolk Southern Corporation, together with its subsidiaries, engages in the rail transportation of raw materials, intermediate products, and finished goods. The company transports industrial products, including chemicals, agriculture, and metals and construction materials; and coal, automobiles, and automotive parts.

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