Brokerages Set Norfolk Souther Corporation (NSC) PT at $111.25

Shares of Norfolk Souther Corporation (NYSE:NSC) have been given a consensus recommendation of “Hold” by the twenty-six ratings firms that are covering the firm, Marketbeat Ratings reports. Four research analysts have rated the stock with a sell rating, thirteen have given a hold rating and nine have issued a buy rating on the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $113.64.

Several research firms have issued reports on NSC. BidaskClub upgraded Norfolk Souther Corporation from a “strong sell” rating to a “sell” rating in a research note on Thursday, August 10th. Stifel Nicolaus reiterated a “hold” rating and issued a $124.00 target price on shares of Norfolk Souther Corporation in a research note on Tuesday. Wolfe Research upgraded Norfolk Souther Corporation from a “market perform” rating to a “buy” rating and set a $126.00 target price on the stock in a research note on Monday, August 7th. UBS AG reiterated a “buy” rating and issued a $133.00 target price on shares of Norfolk Souther Corporation in a research note on Monday, August 14th. Finally, Cowen and Company reiterated an “outperform” rating and issued a $130.00 target price on shares of Norfolk Souther Corporation in a research note on Tuesday, August 1st.

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Norfolk Souther Corporation (NSC) traded up 0.75% during mid-day trading on Tuesday, hitting $127.88. 949,539 shares of the stock were exchanged. Norfolk Souther Corporation has a 52-week low of $89.95 and a 52-week high of $127.94. The stock has a market cap of $36.85 billion, a price-to-earnings ratio of 20.78 and a beta of 1.32. The stock has a 50 day moving average of $118.93 and a 200-day moving average of $118.22.

Norfolk Souther Corporation (NYSE:NSC) last posted its earnings results on Wednesday, July 26th. The railroad operator reported $1.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.65 by $0.06. Norfolk Souther Corporation had a return on equity of 14.45% and a net margin of 17.66%. The company had revenue of $2.64 billion for the quarter, compared to analyst estimates of $2.64 billion. During the same quarter in the previous year, the firm earned $1.36 earnings per share. The firm’s quarterly revenue was up 7.5% compared to the same quarter last year. Equities analysts predict that Norfolk Souther Corporation will post $6.32 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Monday, September 11th. Investors of record on Monday, August 7th were given a $0.61 dividend. The ex-dividend date was Thursday, August 3rd. This represents a $2.44 dividend on an annualized basis and a yield of 1.92%. Norfolk Souther Corporation’s dividend payout ratio is currently 39.61%.

In related news, Chairman James A. Squires sold 24,407 shares of the company’s stock in a transaction that occurred on Tuesday, August 15th. The stock was sold at an average price of $119.95, for a total value of $2,927,619.65. Following the sale, the chairman now owns 76,481 shares in the company, valued at $9,173,895.95. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Thomas E. Hurlbut sold 300 shares of the company’s stock in a transaction that occurred on Tuesday, August 29th. The shares were sold at an average price of $118.80, for a total value of $35,640.00. Following the completion of the sale, the vice president now owns 4,000 shares in the company, valued at approximately $475,200. The disclosure for this sale can be found here. In the last quarter, insiders sold 27,077 shares of company stock worth $3,244,531. 0.36% of the stock is owned by insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of NSC. D Orazio & Associates Inc. boosted its position in Norfolk Souther Corporation by 0.5% in the first quarter. D Orazio & Associates Inc. now owns 891 shares of the railroad operator’s stock valued at $100,000 after buying an additional 4 shares during the last quarter. Harbour Capital Advisors LLC boosted its position in Norfolk Souther Corporation by 12,069.6% in the second quarter. Harbour Capital Advisors LLC now owns 12,413 shares of the railroad operator’s stock valued at $102,000 after buying an additional 12,311 shares during the last quarter. Krilogy Financial LLC boosted its position in Norfolk Souther Corporation by 2.6% in the second quarter. Krilogy Financial LLC now owns 855 shares of the railroad operator’s stock valued at $104,000 after buying an additional 22 shares during the last quarter. MCF Advisors LLC boosted its position in Norfolk Souther Corporation by 31.4% in the first quarter. MCF Advisors LLC now owns 949 shares of the railroad operator’s stock valued at $106,000 after buying an additional 227 shares during the last quarter. Finally, AlphaMark Advisors LLC boosted its position in Norfolk Souther Corporation by 20.7% in the second quarter. AlphaMark Advisors LLC now owns 875 shares of the railroad operator’s stock valued at $106,000 after buying an additional 150 shares during the last quarter. Hedge funds and other institutional investors own 70.64% of the company’s stock.

About Norfolk Souther Corporation

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.

Analyst Recommendations for Norfolk Souther Corporation (NYSE:NSC)

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