Norfolk Souther Corporation (NYSE:NSC) had its price target upped by UBS AG from $133.00 to $154.00 in a research report report published on Thursday, October 26th, 99wallstreet.com reports. UBS AG currently has a buy rating on the railroad operator’s stock.
A number of other equities research analysts have also recently weighed in on the stock. Morgan Stanley restated an underweight rating and set a $75.00 price objective (down from $77.00) on shares of Norfolk Souther Corporation in a research note on Monday, October 2nd. ValuEngine upgraded shares of Norfolk Souther Corporation from a hold rating to a buy rating in a research note on Friday, September 1st. Royal Bank Of Canada restated a sell rating and set a $117.00 price objective on shares of Norfolk Souther Corporation in a research note on Tuesday, August 29th. Credit Suisse Group reiterated an outperform rating and issued a $139.00 price target (up from $133.00) on shares of Norfolk Souther Corporation in a research report on Thursday, July 13th. They noted that the move was a valuation call. Finally, Cowen and Company reiterated a buy rating and issued a $130.00 price target on shares of Norfolk Souther Corporation in a research report on Tuesday, July 11th. Four investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and six have assigned a buy rating to the company’s stock. Norfolk Souther Corporation currently has a consensus rating of Hold and a consensus price target of $127.70.
Shares of Norfolk Souther Corporation (NYSE NSC) traded down $0.84 during midday trading on Thursday, hitting $127.15. 1,301,000 shares of the company were exchanged, compared to its average volume of 1,543,975. Norfolk Souther Corporation has a fifty-two week low of $98.92 and a fifty-two week high of $134.52. The company has a current ratio of 0.83, a quick ratio of 0.73 and a debt-to-equity ratio of 0.73. The company has a market capitalization of $36,383.84, a PE ratio of 19.99, a P/E/G ratio of 1.64 and a beta of 1.37.
Norfolk Souther Corporation (NYSE:NSC) last issued its quarterly earnings data on Wednesday, October 25th. The railroad operator reported $1.75 earnings per share for the quarter, beating analysts’ consensus estimates of $1.64 by $0.11. Norfolk Souther Corporation had a net margin of 17.86% and a return on equity of 14.72%. The business had revenue of $2.67 billion for the quarter, compared to analysts’ expectations of $2.65 billion. During the same period in the previous year, the business earned $1.55 earnings per share. The company’s revenue was up 5.8% on a year-over-year basis. analysts expect that Norfolk Souther Corporation will post 6.46 EPS for the current year.
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The firm also recently announced a quarterly dividend, which will be paid on Monday, December 11th. Shareholders of record on Friday, November 3rd will be paid a dividend of $0.61 per share. The ex-dividend date of this dividend is Thursday, November 2nd. This represents a $2.44 annualized dividend and a yield of 1.92%. Norfolk Souther Corporation’s dividend payout ratio (DPR) is presently 38.36%.
Norfolk Souther Corporation announced that its Board of Directors has approved a stock buyback plan on Tuesday, September 26th that permits the company to repurchase 50,000,000 shares. This repurchase authorization permits the railroad operator to buy shares of its stock through open market purchases. Shares repurchase plans are generally an indication that the company’s board believes its stock is undervalued.
In related news, COO Michael Joseph Wheeler sold 2,370 shares of the business’s stock in a transaction that occurred on Friday, August 25th. The stock was sold at an average price of $118.68, for a total value of $281,271.60. Following the completion of the sale, the chief operating officer now owns 13,492 shares of the company’s stock, valued at approximately $1,601,230.56. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Chairman James A. Squires sold 24,407 shares of the business’s stock in a transaction that occurred on Tuesday, August 15th. The shares were sold at an average price of $119.95, for a total value of $2,927,619.65. Following the completion of the sale, the chairman now directly owns 76,481 shares of the company’s stock, valued at approximately $9,173,895.95. The disclosure for this sale can be found here. In the last three months, insiders sold 30,645 shares of company stock valued at $3,719,075. 0.36% of the stock is currently owned by company insiders.
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Zeke Capital Advisors LLC lifted its holdings in Norfolk Souther Corporation by 42.3% in the 3rd quarter. Zeke Capital Advisors LLC now owns 3,131 shares of the railroad operator’s stock worth $414,000 after purchasing an additional 930 shares during the last quarter. Amalgamated Bank lifted its holdings in Norfolk Souther Corporation by 1.9% in the 3rd quarter. Amalgamated Bank now owns 33,221 shares of the railroad operator’s stock worth $4,393,000 after purchasing an additional 611 shares during the last quarter. Twin Capital Management Inc. lifted its holdings in Norfolk Souther Corporation by 15.2% in the 3rd quarter. Twin Capital Management Inc. now owns 39,040 shares of the railroad operator’s stock worth $5,163,000 after purchasing an additional 5,160 shares during the last quarter. LVW Advisors LLC acquired a new stake in Norfolk Souther Corporation in the 3rd quarter worth approximately $1,211,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its holdings in Norfolk Souther Corporation by 8.9% in the 3rd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 23,437 shares of the railroad operator’s stock worth $3,099,000 after purchasing an additional 1,908 shares during the last quarter. Hedge funds and other institutional investors own 71.13% of the company’s stock.
Norfolk Souther Corporation 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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