Norfolk Southern (NYSE:NSC) Price Target Raised to $286.00 at Citigroup

Norfolk Southern (NYSE:NSCFree Report) had its price target hoisted by Citigroup from $253.00 to $286.00 in a research report released on Thursday, Benzinga reports. Citigroup currently has a buy rating on the railroad operator’s stock.

NSC has been the topic of a number of other reports. Wells Fargo & Company lowered their target price on shares of Norfolk Southern from $245.00 to $220.00 and set an overweight rating on the stock in a research report on Thursday, October 26th. Morgan Stanley lowered shares of Norfolk Southern from an equal weight rating to an underweight rating and lowered their price objective for the company from $185.00 to $175.00 in a research report on Monday, January 29th. UBS Group lifted their price objective on shares of Norfolk Southern from $209.00 to $238.00 and gave the company a neutral rating in a research report on Monday, January 29th. Sanford C. Bernstein upgraded shares of Norfolk Southern from a market perform rating to an outperform rating and set a $272.00 price objective on the stock in a research report on Monday, January 22nd. Finally, TD Cowen lowered shares of Norfolk Southern from an outperform rating to a market perform rating and lifted their price objective for the company from $233.00 to $236.00 in a research report on Monday, January 29th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of Hold and an average target price of $238.94.

Get Our Latest Research Report on NSC

Norfolk Southern Stock Performance

Shares of NSC opened at $254.83 on Thursday. The company has a current ratio of 1.24, a quick ratio of 1.14 and a debt-to-equity ratio of 1.34. The firm has a market cap of $57.56 billion, a PE ratio of 31.77, a price-to-earnings-growth ratio of 4.43 and a beta of 1.30. The company’s 50 day simple moving average is $234.74 and its 200-day simple moving average is $215.82. Norfolk Southern has a 12-month low of $183.09 and a 12-month high of $256.36.

Norfolk Southern (NYSE:NSCGet Free Report) last announced its earnings results on Friday, January 26th. The railroad operator reported $2.83 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.87 by ($0.04). The business had revenue of $3.10 billion for the quarter, compared to analysts’ expectations of $3.09 billion. Norfolk Southern had a return on equity of 21.06% and a net margin of 15.03%. The business’s revenue was down 4.2% on a year-over-year basis. During the same quarter last year, the business posted $3.42 earnings per share. As a group, equities analysts predict that Norfolk Southern will post 12.25 EPS for the current year.

Norfolk Southern Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, February 20th. Stockholders of record on Friday, February 2nd will be paid a dividend of $1.35 per share. This represents a $5.40 annualized dividend and a dividend yield of 2.12%. The ex-dividend date of this dividend is Thursday, February 1st. Norfolk Southern’s dividend payout ratio (DPR) is presently 67.33%.

Institutional Inflows and Outflows

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

Norfolk Southern Company Profile

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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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