Sanford C. Bernstein Upgrades Norfolk Southern (NYSE:NSC) to “Outperform”

Sanford C. Bernstein upgraded shares of Norfolk Southern (NYSE:NSCFree Report) from a market perform rating to an outperform rating in a research report released on Monday, reports. The brokerage currently has $272.00 price objective on the railroad operator’s stock.

Several other research firms also recently commented on NSC. Bank of America upgraded Norfolk Southern from a neutral rating to a buy rating and raised their price objective for the stock from $204.00 to $248.00 in a report on Friday, December 1st. Wells Fargo & Company reduced their price objective on Norfolk Southern from $245.00 to $220.00 and set an overweight rating on the stock in a research note on Thursday, October 26th. Morgan Stanley lowered their price target on Norfolk Southern from $174.00 to $170.00 and set an equal weight rating on the stock in a report on Thursday, October 26th. Royal Bank of Canada decreased their price target on shares of Norfolk Southern from $223.00 to $201.00 and set a sector perform rating for the company in a research report on Thursday, October 26th. Finally, Barclays lowered their price objective on shares of Norfolk Southern from $215.00 to $205.00 and set an equal weight rating on the stock in a research note on Thursday, October 26th. Seven equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to, the stock currently has a consensus rating of Moderate Buy and an average target price of $239.37.

Check Out Our Latest Research Report on Norfolk Southern

Norfolk Southern Price Performance

Shares of Norfolk Southern stock opened at $237.85 on Monday. The company has a current ratio of 1.08, a quick ratio of 0.97 and a debt-to-equity ratio of 1.28. The firm has a market capitalization of $53.69 billion, a PE ratio of 26.08, a price-to-earnings-growth ratio of 3.97 and a beta of 1.31. The business’s 50-day moving average price is $227.80 and its 200-day moving average price is $215.15. Norfolk Southern has a 12 month low of $183.09 and a 12 month high of $255.90.

Norfolk Southern (NYSE:NSCGet Free Report) last released its earnings results on Wednesday, October 25th. The railroad operator reported $2.65 EPS for the quarter, missing analysts’ consensus estimates of $2.74 by ($0.09). The firm had revenue of $2.97 billion during the quarter, compared to analysts’ expectations of $2.94 billion. Norfolk Southern had a net margin of 16.96% and a return on equity of 22.26%. Sell-side analysts forecast that Norfolk Southern will post 11.82 EPS for the current fiscal year.

Norfolk Southern Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, February 20th. Shareholders of record on Friday, February 2nd will be given a $1.35 dividend. This represents a $5.40 dividend on an annualized basis and a dividend yield of 2.27%. The ex-dividend date of this dividend is Thursday, February 1st. Norfolk Southern’s payout ratio is 59.21%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of NSC. VisionPoint Advisory Group LLC acquired a new stake in Norfolk Southern during the 2nd quarter worth about $25,000. Headlands Technologies LLC acquired a new stake in shares of Norfolk Southern during the 2nd quarter valued at about $26,000. Provence Wealth Management Group bought a new position in shares of Norfolk Southern in the 3rd quarter valued at approximately $28,000. Exchange Traded Concepts LLC raised its stake in shares of Norfolk Southern by 662.5% in the 4th quarter. Exchange Traded Concepts LLC now owns 122 shares of the railroad operator’s stock valued at $29,000 after acquiring an additional 106 shares in the last quarter. Finally, Nemes Rush Group LLC bought a new position in Norfolk Southern in the 2nd quarter worth approximately $30,000. Institutional investors own 72.37% of the company’s stock.

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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Analyst Recommendations for Norfolk Southern (NYSE:NSC)

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