Rothschild & Co Redburn Lowers Norfolk Southern (NYSE:NSC) Price Target to $308.00

Norfolk Southern (NYSE:NSC) had its target price decreased by analysts at Rothschild & Co Redburn from $317.00 to $308.00 in a report issued on Wednesday,MarketScreener reports. The firm currently has a “neutral” rating on the railroad operator’s stock. Rothschild & Co Redburn’s target price points to a potential upside of 6.88% from the stock’s current price.

NSC has been the subject of a number of other research reports. Jefferies Financial Group boosted their price target on Norfolk Southern from $300.00 to $350.00 and gave the stock a “hold” rating in a research report on Tuesday, March 3rd. Citigroup lowered their price target on Norfolk Southern from $317.00 to $300.00 and set a “neutral” rating on the stock in a report on Friday, January 30th. Deutsche Bank Aktiengesellschaft cut shares of Norfolk Southern from a “buy” rating to a “hold” rating and cut their price objective for the company from $354.00 to $297.00 in a research note on Thursday, December 11th. UBS Group downgraded shares of Norfolk Southern from a “buy” rating to a “neutral” rating and set a $342.00 price objective for the company. in a report on Friday, February 6th. Finally, Susquehanna increased their target price on shares of Norfolk Southern from $304.00 to $305.00 and gave the company a “neutral” rating in a research report on Friday, January 30th. Seven investment analysts have rated the stock with a Buy rating and seventeen have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $307.89.

Norfolk Southern Price Performance

Shares of NYSE:NSC opened at $288.18 on Wednesday. The firm’s 50 day moving average is $299.88 and its two-hundred day moving average is $292.82. The firm has a market capitalization of $70.55 billion, a P/E ratio of 22.60, a PEG ratio of 5.23 and a beta of 1.31. The company has a current ratio of 0.85, a quick ratio of 0.78 and a debt-to-equity ratio of 1.06. Norfolk Southern has a 52 week low of $201.63 and a 52 week high of $319.94.

Norfolk Southern (NYSE:NSC) last issued its quarterly earnings data on Thursday, January 29th. The railroad operator reported $3.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.76 by $0.46. Norfolk Southern had a return on equity of 18.78% and a net margin of 23.59%.The business had revenue of $3 billion during the quarter, compared to the consensus estimate of $3.03 billion. During the same period in the previous year, the firm posted $3.04 earnings per share. The business’s revenue was down 1.7% on a year-over-year basis. Analysts anticipate that Norfolk Southern will post 13 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. ORG Partners LLC raised its position in Norfolk Southern by 75.0% in the third quarter. ORG Partners LLC now owns 84 shares of the railroad operator’s stock worth $25,000 after acquiring an additional 36 shares in the last quarter. JPL Wealth Management LLC bought a new position in shares of Norfolk Southern during the 3rd quarter valued at about $25,000. Westside Investment Management Inc. boosted its position in shares of Norfolk Southern by 207.1% during the 3rd quarter. Westside Investment Management Inc. now owns 86 shares of the railroad operator’s stock valued at $26,000 after purchasing an additional 58 shares in the last quarter. GoalVest Advisory LLC grew its stake in shares of Norfolk Southern by 933.3% in the 4th quarter. GoalVest Advisory LLC now owns 93 shares of the railroad operator’s stock worth $27,000 after purchasing an additional 84 shares during the last quarter. Finally, MMA Asset Management LLC acquired a new position in shares of Norfolk Southern in the 3rd quarter worth approximately $28,000. Institutional investors own 75.10% of the company’s stock.

About Norfolk Southern

Norfolk Southern Corporation is a major U.S. freight railroad company that provides rail transportation and related logistics services. As a Class I carrier, the company operates an extensive network across the eastern United States and offers scheduled freight service for a broad range of industries. Its core operations include long-haul and regional rail freight transportation, intermodal services that move containers and trailers between rail and other modes, and terminal and switching services that support efficient rail shipments for industrial and port customers.

The company transports a variety of commodities, serving sectors such as coal and energy, automotive and automotive parts, chemicals, agriculture, metals and construction materials, and consumer goods.