TD Securities Increases Norfolk Southern (NSC) Price Target to $195.00

Norfolk Southern (NYSE:NSC) had its target price raised by analysts at TD Securities from $185.00 to $195.00 in a report released on Tuesday. The firm presently has a “buy” rating on the railroad operator’s stock. TD Securities’ target price would indicate a potential upside of 7.76% from the company’s previous close.

NSC has been the topic of several other research reports. Zacks Investment Research reaffirmed a “buy” rating and set a $162.00 price target on shares of Norfolk Southern in a report on Monday, December 31st. Loop Capital lifted their price target on shares of Norfolk Southern to $210.00 and gave the company a “buy” rating in a report on Monday. Morgan Stanley lifted their price target on shares of Norfolk Southern from $115.00 to $116.00 and gave the company an “underweight” rating in a report on Monday, January 7th. Argus reaffirmed a “buy” rating on shares of Norfolk Southern in a report on Thursday, January 3rd. Finally, ValuEngine downgraded shares of Norfolk Southern from a “buy” rating to a “hold” rating in a report on Tuesday, November 6th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $182.32.

Shares of NYSE NSC opened at $180.95 on Tuesday. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.72 and a quick ratio of 0.64. The company has a market cap of $46.70 billion, a P/E ratio of 19.03, a price-to-earnings-growth ratio of 1.58 and a beta of 1.38. Norfolk Southern has a 12-month low of $127.79 and a 12-month high of $186.91.

Norfolk Southern (NYSE:NSC) last announced its earnings results on Thursday, January 24th. The railroad operator reported $2.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.30 by $0.27. The company had revenue of $2.90 billion during the quarter, compared to analyst estimates of $2.85 billion. Norfolk Southern had a net margin of 23.27% and a return on equity of 16.71%. The firm’s quarterly revenue was up 8.5% compared to the same quarter last year. During the same period in the previous year, the business posted $1.69 earnings per share. Equities research analysts anticipate that Norfolk Southern will post 10.25 EPS for the current year.

Several hedge funds have recently added to or reduced their stakes in NSC. Oregon Public Employees Retirement Fund lifted its holdings in shares of Norfolk Southern by 14,153.5% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 22,774,792 shares of the railroad operator’s stock worth $152,000 after buying an additional 22,615,008 shares in the last quarter. Capital International Investors lifted its holdings in shares of Norfolk Southern by 47.1% in the third quarter. Capital International Investors now owns 7,020,157 shares of the railroad operator’s stock worth $1,267,138,000 after buying an additional 2,249,296 shares in the last quarter. Packer & Co Ltd lifted its holdings in shares of Norfolk Southern by 597.3% in the fourth quarter. Packer & Co Ltd now owns 1,239,800 shares of the railroad operator’s stock worth $26,588,000 after buying an additional 1,062,000 shares in the last quarter. FMR LLC lifted its holdings in shares of Norfolk Southern by 14.8% in the third quarter. FMR LLC now owns 8,080,231 shares of the railroad operator’s stock worth $1,458,480,000 after buying an additional 1,043,444 shares in the last quarter. Finally, Swedbank purchased a new position in shares of Norfolk Southern in the fourth quarter worth $127,592,000. 81.25% of the stock is currently owned by hedge funds and other institutional investors.

Norfolk Southern Company Profile

Norfolk Southern Corporation, together with its subsidiaries, engages in the rail transportation of raw materials, intermediate products, and finished goods. It also transports overseas freight through various Atlantic and Gulf Coast ports, as well as coal, automotive, and industrial products; and provides commuter passenger services.

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Analyst Recommendations for Norfolk Southern (NYSE:NSC)

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