News headlines about Norfolk Southern Corp. (NYSE:NSC) have been trending somewhat positive this week, according to AlphaOne. AlphaOne, a service of Accern, identifies positive and negative media coverage by monitoring more than twenty million news and blog sources. AlphaOne ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Norfolk Southern Corp. earned a daily sentiment score of 0.14 on AlphaOne’s scale. AlphaOne also gave headlines about the railroad operator an impact score of 83 out of 100, meaning that recent media coverage is very likely to have an impact on the company’s share price in the near term.
Here are some of the headlines that may have impacted AlphaOne’s analysis:
- Police: Collision with train takes two lives (4-traders.com)
- Norfolk Southern : Notice of Application for Approval of Discontinuance or Modification of a Railroad Signal System (4-traders.com)
- The Norfolk Southern Corp. (NSC) Earns News Sentiment Score of 0.13 – BangaloreWeekly (bangaloreweekly.com)
- Volume Moving the Tape For Norfolk Southern Corp (NSC) – The Times (tuckermantimes.com)
- Norfolk Southern to present at Wolfe Research 10th Annual Global Transportation Conference (finance.yahoo.com)
Several analysts recently weighed in on the company. Zacks Investment Research upgraded Norfolk Southern Corp. from a “hold” rating to a “buy” rating and set a $132.00 target price for the company in a research note on Wednesday, May 3rd. Stifel Nicolaus raised their price objective on Norfolk Southern Corp. from $114.00 to $122.00 and gave the stock a “hold” rating in a research report on Monday, May 1st. Deutsche Bank AG raised their price objective on Norfolk Southern Corp. from $126.00 to $132.00 and gave the stock a “buy” rating in a research report on Friday, April 28th. TD Securities restated a “hold” rating on shares of Norfolk Southern Corp. in a research report on Thursday, April 27th. Finally, Loop Capital restated a “hold” rating on shares of Norfolk Southern Corp. in a research report on Saturday, March 25th. Four research analysts have rated the stock with a sell rating, fifteen have given a hold rating and seven have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $106.24.
Shares of Norfolk Southern Corp. (NYSE:NSC) traded up 0.42% during trading on Friday, reaching $113.27. The company’s stock had a trading volume of 1,144,118 shares. The stock’s 50 day moving average price is $115.49 and its 200-day moving average price is $112.77. Norfolk Southern Corp. has a 12 month low of $78.73 and a 12 month high of $125.00. The firm has a market cap of $32.82 billion, a PE ratio of 19.49 and a beta of 1.24.
Norfolk Southern Corp. (NYSE:NSC) last announced its quarterly earnings results on Wednesday, April 26th. The railroad operator reported $1.48 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.36 by $0.12. Norfolk Southern Corp. had a net margin of 16.87% and a return on equity of 13.53%. The business had revenue of $2.58 billion for the quarter, compared to analysts’ expectations of $2.55 billion. During the same quarter last year, the firm earned $1.29 EPS. The firm’s revenue for the quarter was up 6.4% compared to the same quarter last year. Equities analysts predict that Norfolk Southern Corp. will post $6.34 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Saturday, June 10th. Shareholders of record on Friday, May 5th will be given a dividend of $0.61 per share. The ex-dividend date of this dividend is Wednesday, May 3rd. This represents a $2.44 annualized dividend and a dividend yield of 2.16%. Norfolk Southern Corp.’s dividend payout ratio is currently 43.42%.
In other Norfolk Southern Corp. news, VP Cynthia C. Earhart sold 9,447 shares of Norfolk Southern Corp. stock in a transaction that occurred on Monday, February 27th. The shares were sold at an average price of $119.54, for a total transaction of $1,129,294.38. Following the transaction, the vice president now owns 6,747 shares of the company’s stock, valued at approximately $806,536.38. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Marta R. Stewart sold 2,331 shares of the firm’s stock in a transaction that occurred on Tuesday, February 21st. The stock was sold at an average price of $124.43, for a total transaction of $290,046.33. Following the sale, the executive vice president now owns 16,156 shares of the company’s stock, valued at approximately $2,010,291.08. The disclosure for this sale can be found here. In the last three months, insiders have sold 13,776 shares of company stock worth $1,653,369. Insiders own 0.66% of the company’s stock.
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Norfolk Southern Corp. 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.
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