Norfolk Southern (NYSE:NSC) Price Target Raised to $260.00 at Susquehanna

by · The Cerbat Gem

Norfolk Southern (NYSE:NSC – Get Free Report) had its price objective boosted by investment analysts at Susquehanna from $250.00 to $260.00 in a report released on Tuesday,Benzinga reports. The brokerage presently has a “neutral” rating on the railroad operator’s stock. Susquehanna’s target price would suggest a potential upside of 1.12% from the stock’s current price.

Several other equities research analysts have also recently weighed in on NSC. Wells Fargo & Company lowered their price objective on shares of Norfolk Southern from $300.00 to $290.00 and set an “overweight” rating for the company in a research report on Thursday, March 27th. Royal Bank Of Canada decreased their price target on Norfolk Southern from $271.00 to $270.00 and set an “outperform” rating on the stock in a report on Thursday, April 24th. UBS Group upped their target price on shares of Norfolk Southern from $275.00 to $279.00 and gave the company a “buy” rating in a research report on Friday, May 30th. Jefferies Financial Group lowered their price objective on shares of Norfolk Southern from $285.00 to $260.00 and set a “buy” rating for the company in a research report on Wednesday, April 9th. Finally, The Goldman Sachs Group reissued a “neutral” rating and issued a $278.00 price target on shares of Norfolk Southern in a research note on Monday, June 2nd. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $267.71.

Read Our Latest Stock Analysis on Norfolk Southern

Norfolk Southern Price Performance

NYSE NSC traded up $0.53 on Tuesday, reaching $257.11. The company’s stock had a trading volume of 469,523 shares, compared to its average volume of 1,238,545. Norfolk Southern has a 52 week low of $201.63 and a 52 week high of $277.60. The firm has a market cap of $57.96 billion, a PE ratio of 17.56, a price-to-earnings-growth ratio of 1.99 and a beta of 1.32. The business has a 50-day moving average price of $237.08 and a 200 day moving average price of $238.97. The company has a current ratio of 0.78, a quick ratio of 0.70 and a debt-to-equity ratio of 1.15.

Norfolk Southern (NYSE:NSC – Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The railroad operator reported $2.69 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.72 by ($0.03). The firm had revenue of $2.99 billion for the quarter, compared to the consensus estimate of $3.01 billion. Norfolk Southern had a net margin of 27.40% and a return on equity of 19.65%. The company’s revenue for the quarter was down .4% on a year-over-year basis. During the same period in the prior year, the business earned $2.49 earnings per share. Sell-side analysts expect that Norfolk Southern will post 13 EPS for the current year.

Institutional Investors Weigh In On Norfolk Southern

Several institutional investors have recently added to or reduced their stakes in the business. Geode Capital Management LLC lifted its stake in shares of Norfolk Southern by 2.5% during the 4th quarter. Geode Capital Management LLC now owns 4,694,573 shares of the railroad operator’s stock valued at $1,098,472,000 after buying an additional 113,648 shares in the last quarter. Dorsey & Whitney Trust CO LLC raised its holdings in Norfolk Southern by 2.3% during the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 5,678 shares of the railroad operator’s stock valued at $1,333,000 after acquiring an additional 128 shares during the period. Dynamic Advisor Solutions LLC boosted its holdings in shares of Norfolk Southern by 1.9% in the first quarter. Dynamic Advisor Solutions LLC now owns 3,571 shares of the railroad operator’s stock worth $846,000 after acquiring an additional 65 shares during the period. Wealth Enhancement Advisory Services LLC grew its position in shares of Norfolk Southern by 4.1% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 71,463 shares of the railroad operator’s stock valued at $16,925,000 after purchasing an additional 2,782 shares in the last quarter. Finally, Brevan Howard Capital Management LP raised its stake in shares of Norfolk Southern by 472.3% during the 4th quarter. Brevan Howard Capital Management LP now owns 43,054 shares of the railroad operator’s stock valued at $10,105,000 after purchasing an additional 35,531 shares during the period. 75.10% of the stock is owned by hedge funds and other institutional investors.

About Norfolk Southern

(Get Free Report)

Norfolk Southern Corporation, together with its subsidiaries, engages in the rail transportation of raw materials, intermediate products, and finished goods in the United States. The company transports agriculture, forest, and consumer products comprising soybeans, wheat, corn, fertilizers, livestock and poultry feed, food products, food oils, flour, sweeteners, ethanol, lumber and wood products, pulp board and paper products, wood fibers, wood pulp, beverages, and canned goods; chemicals consist of sulfur and related chemicals, petroleum products comprising crude oil, chlorine and bleaching compounds, plastics, rubber, industrial chemicals, chemical wastes, sand, and natural gas liquids; metals and construction materials, such as steel, aluminum products, machinery, scrap metals, cement, aggregates, minerals, clay, transportation equipment, and military-related products; and automotive, including finished motor vehicles and automotive parts, as well as coal.

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