Shares of Norfolk Southern Corp. (NYSE:NSC) have received a consensus recommendation of “Hold” from the twenty brokerages that are covering the stock, Marketbeat reports. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and nine have given a buy rating to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $204.29.
Several equities research analysts have commented on the company. TD Securities cut 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. Zacks Investment Research upgraded Norfolk Southern from a “sell” rating to a “hold” rating and set a $182.00 price target for the company in a research report on Friday, October 11th. Bank of America lowered Norfolk Southern from a “buy” rating to a “neutral” rating and set a $198.00 price target for the company. in a research report on Wednesday, October 23rd. UBS Group dropped their price target on Norfolk Southern from $230.00 to $216.00 and set a “buy” rating for the company in a research report on Tuesday, September 17th. Finally, Cowen restated a “buy” rating and issued a $215.00 price target on shares of Norfolk Southern in a research report on Wednesday, October 23rd.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Krane Funds Advisors LLC acquired a new position in Norfolk Southern in the second quarter valued at approximately $26,000. Prestige Wealth Management Group LLC acquired a new position in Norfolk Southern in the second quarter valued at approximately $35,000. AGF Investments LLC lifted its holdings in Norfolk Southern by 173.5% in the second quarter. AGF Investments LLC now owns 186 shares of the railroad operator’s stock valued at $37,000 after acquiring an additional 118 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. lifted its holdings in Norfolk Southern by 159.5% in the third quarter. Harel Insurance Investments & Financial Services Ltd. now owns 192 shares of the railroad operator’s stock valued at $34,000 after acquiring an additional 118 shares during the last quarter. Finally, Coastal Capital Group Inc. acquired a new position in Norfolk Southern in the second quarter valued at approximately $40,000. Hedge funds and other institutional investors own 73.03% of the company’s stock.
Norfolk Southern (NYSE:NSC) last posted its quarterly earnings data on Wednesday, October 23rd. The railroad operator reported $2.49 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $2.57 by ($0.08). Norfolk Southern had a return on equity of 18.22% and a net margin of 23.98%. The firm had revenue of $2.84 billion for the quarter, compared to analysts’ expectations of $2.86 billion. During the same quarter last year, the firm posted $2.52 earnings per share. Norfolk Southern’s quarterly revenue was down 3.6% on a year-over-year basis. Equities analysts expect that Norfolk Southern will post 10.23 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Friday, November 1st will be given a $0.94 dividend. The ex-dividend date of this dividend is Thursday, October 31st. This represents a $3.76 dividend on an annualized basis and a dividend yield of 1.97%. Norfolk Southern’s dividend payout ratio (DPR) is presently 39.54%.
Norfolk Southern Company Profile
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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