StockNews.com assumed coverage on shares of Norfolk Southern (NYSE:NSC – Get Rating) in a report published on Thursday. The firm issued a hold rating on the railroad operator’s stock.
Other equities analysts have also recently issued research reports about the company. JPMorgan Chase & Co. cut their price target on Norfolk Southern from $236.00 to $232.00 and set a neutral rating for the company in a report on Thursday, January 26th. Royal Bank of Canada dropped their target price on Norfolk Southern from $253.00 to $244.00 in a report on Thursday, January 26th. Susquehanna increased their target price on Norfolk Southern from $225.00 to $231.00 and gave the stock a neutral rating in a report on Thursday, January 26th. Deutsche Bank Aktiengesellschaft raised Norfolk Southern from a hold rating to a buy rating and dropped their target price for the stock from $273.00 to $266.00 in a report on Thursday, January 26th. Finally, Citigroup increased their target price on Norfolk Southern from $225.00 to $250.00 and gave the stock a neutral rating in a report on Tuesday, November 29th. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, Norfolk Southern presently has an average rating of Hold and a consensus price target of $250.17.
Norfolk Southern Price Performance
NYSE NSC opened at $203.90 on Thursday. Norfolk Southern has a twelve month low of $202.40 and a twelve month high of $291.55. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.66 and a current ratio of 0.76. The stock has a market capitalization of $46.44 billion, a PE ratio of 14.67, a P/E/G ratio of 1.97 and a beta of 1.30. The stock has a 50-day simple moving average of $235.58 and a 200 day simple moving average of $236.24.
Norfolk Southern Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Tuesday, February 21st. Stockholders of record on Friday, February 3rd were paid a $1.35 dividend. The ex-dividend date of this dividend was Thursday, February 2nd. This represents a $5.40 dividend on an annualized basis and a dividend yield of 2.65%. This is an increase from Norfolk Southern’s previous quarterly dividend of $1.24. Norfolk Southern’s dividend payout ratio is 38.85%.
Institutional Trading of Norfolk Southern
Several hedge funds have recently added to or reduced their stakes in the business. Luken Investment Analytics LLC acquired a new stake in shares of Norfolk Southern in the 4th quarter valued at about $25,000. Boyd Watterson Asset Management LLC OH acquired a new stake in shares of Norfolk Southern in the 4th quarter valued at about $26,000. Capital Directions Investment Advisors LLC acquired a new stake in shares of Norfolk Southern in the 4th quarter valued at about $29,000. Worth Asset Management LLC bought a new position in shares of Norfolk Southern in the 1st quarter valued at about $30,000. Finally, HWG Holdings LP bought a new position in shares of Norfolk Southern in the 3rd quarter valued at about $31,000. Institutional investors and hedge funds own 72.98% of the company’s stock.
About Norfolk Southern
Norfolk Southern Corp. is a transportation company, which engages in the rail transportation of raw materials, intermediate products, and finished goods. The company also transports overseas freight through several Atlantic and Gulf Coast ports. Its services include property leases and sales, wire line or pipeline and fiber optics projects, access property, managing private crossings, promoting businesses with signboards, and natural resource management.
- Get a free copy of the StockNews.com research report on Norfolk Southern (NSC)
- MarketBeat Week in Review – 3/13 – 3/17
- This Small Tech With Big Growth Prospects Is Nearing A Buy Point
- Don’t Chase FedEx Higher, Wait For The Pullback
- 3 Stocks For A Defensive Tech Portfolio
- Milk the Dividends on These 3 Cash Cows
Receive News & Ratings for Norfolk Southern Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Norfolk Southern and related companies with MarketBeat.com's FREE daily email newsletter.