Norfolk Southern (NYSE:NSC) PT Lowered to $294.00

Norfolk Southern (NYSE:NSC) had its price target decreased by equities research analysts at UBS Group from $302.00 to $294.00 in a note issued to investors on Thursday, Benzinga reports. The firm presently has a “buy” rating on the railroad operator’s stock. UBS Group’s target price would indicate a potential upside of 22.53% from the stock’s current price.

A number of other equities analysts have also issued reports on NSC. Stifel Nicolaus raised their price target on shares of Norfolk Southern from $233.00 to $244.00 and gave the stock a “hold” rating in a research report on Friday, April 12th. Jefferies Financial Group assumed coverage on shares of Norfolk Southern in a research report on Monday, April 8th. They set a “buy” rating and a $300.00 price target for the company. Loop Capital raised their price target on shares of Norfolk Southern from $261.00 to $270.00 and gave the stock a “buy” rating in a research report on Thursday, April 18th. Susquehanna reduced their price target on shares of Norfolk Southern from $270.00 to $265.00 and set a “neutral” rating for the company in a research report on Wednesday, April 10th. Finally, Morgan Stanley lowered shares of Norfolk Southern from an “equal weight” rating to an “underweight” rating and reduced their price target for the stock from $185.00 to $175.00 in a research report on Monday, January 29th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $262.32.

Norfolk Southern Stock Down 0.4 %

NSC stock opened at $239.94 on Thursday. The firm has a 50 day moving average of $251.83 and a 200 day moving average of $232.49. The stock has a market capitalization of $59.08 billion, a PE ratio of 38.64, a price-to-earnings-growth ratio of 3.22 and a beta of 1.30. The company has a quick ratio of 1.14, a current ratio of 0.68 and a debt-to-equity ratio of 1.37. Norfolk Southern has a 52 week low of $183.09 and a 52 week high of $263.66.

Norfolk Southern (NYSE:NSC) last released its earnings results on Wednesday, April 24th. The railroad operator reported $2.49 EPS for the quarter, missing analysts’ consensus estimates of $2.58 by ($0.09). The company had revenue of $3 billion during the quarter, compared to analyst estimates of $3.05 billion. Norfolk Southern had a return on equity of 19.61% and a net margin of 11.76%. The firm’s revenue for the quarter was down 4.1% on a year-over-year basis. During the same quarter last year, the business earned $3.32 earnings per share. Sell-side analysts forecast that Norfolk Southern will post 11.93 earnings per share for the current year.

Institutional Investors Weigh In On Norfolk Southern

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Exchange Traded Concepts LLC increased its holdings in Norfolk Southern by 662.5% in the 4th quarter. Exchange Traded Concepts LLC now owns 122 shares of the railroad operator’s stock worth $29,000 after acquiring an additional 106 shares in the last quarter. Rise Advisors LLC acquired a new stake in Norfolk Southern during the 1st quarter worth $34,000. Turtle Creek Wealth Advisors LLC acquired a new stake in Norfolk Southern during the 4th quarter worth $32,000. Provence Wealth Management Group acquired a new stake in Norfolk Southern during the 3rd quarter worth $28,000. Finally, Creative Financial Designs Inc. ADV boosted its stake in Norfolk Southern by 317.1% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 146 shares of the railroad operator’s stock worth $35,000 after purchasing an additional 111 shares during the last quarter. Hedge funds and other institutional investors own 75.10% of the company’s stock.

About Norfolk Southern

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.