Barclays Trims Norfolk Southern (NYSE:NSC) Target Price to $275.00

Norfolk Southern (NYSE:NSCGet Free Report) had its target price lowered by research analysts at Barclays from $305.00 to $275.00 in a research note issued on Monday, Benzinga reports. The brokerage currently has an “overweight” rating on the railroad operator’s stock. Barclays‘s price objective indicates a potential upside of 19.15% from the stock’s previous close.

NSC has been the topic of a number of other reports. TD Cowen increased their price target on Norfolk Southern from $236.00 to $253.00 and gave the stock a “market perform” rating in a research report on Thursday, March 21st. Jefferies Financial Group assumed coverage on Norfolk Southern in a report on Monday, April 8th. They issued a “buy” rating and a $300.00 price target for the company. Benchmark restated a “buy” rating and issued a $277.00 price objective on shares of Norfolk Southern in a research report on Thursday, April 25th. JPMorgan Chase & Co. upped their target price on shares of Norfolk Southern from $240.00 to $275.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 9th. Finally, Susquehanna dropped their price objective 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. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $260.74.

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Norfolk Southern Price Performance

Shares of NSC traded up $0.51 during mid-day trading on Monday, reaching $230.80. The company had a trading volume of 1,355,042 shares, compared to its average volume of 1,369,058. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.68 and a quick ratio of 0.61. The company has a market capitalization of $52.14 billion, a P/E ratio of 37.24, a P/E/G ratio of 3.23 and a beta of 1.30. Norfolk Southern has a twelve month low of $183.09 and a twelve month high of $263.66. The company’s 50-day moving average is $247.31 and its 200-day moving average is $234.84.

Norfolk Southern (NYSE:NSCGet Free Report) last released its quarterly earnings data on Wednesday, April 24th. The railroad operator reported $2.49 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.58 by ($0.09). Norfolk Southern had a return on equity of 19.61% and a net margin of 11.76%. The company had revenue of $3 billion for the quarter, compared to analyst estimates of $3.05 billion. During the same quarter in the prior year, the company earned $3.32 earnings per share. The business’s revenue was down 4.1% compared to the same quarter last year. On average, equities analysts anticipate that Norfolk Southern will post 11.62 EPS for the current year.

Institutional Investors Weigh In On Norfolk Southern

Several large investors have recently made changes to their positions in NSC. Norges Bank acquired a new stake in shares of Norfolk Southern in the 4th quarter valued at about $556,797,000. American Century Companies Inc. lifted its stake in Norfolk Southern by 69.0% in the 3rd quarter. American Century Companies Inc. now owns 2,723,398 shares of the railroad operator’s stock valued at $536,319,000 after acquiring an additional 1,112,261 shares in the last quarter. Vanguard Group Inc. boosted its position in Norfolk Southern by 5.9% during the 1st quarter. Vanguard Group Inc. now owns 19,623,690 shares of the railroad operator’s stock worth $5,001,490,000 after acquiring an additional 1,088,072 shares during the last quarter. Stifel Financial Corp grew its stake in shares of Norfolk Southern by 600.3% during the 4th quarter. Stifel Financial Corp now owns 1,021,312 shares of the railroad operator’s stock worth $241,421,000 after acquiring an additional 875,473 shares in the last quarter. Finally, London Co. of Virginia raised its holdings in shares of Norfolk Southern by 41.2% in the third quarter. London Co. of Virginia now owns 1,976,871 shares of the railroad operator’s stock valued at $389,305,000 after purchasing an additional 577,171 shares during the last quarter. Institutional investors own 75.10% of the company’s stock.

Norfolk Southern Company Profile

(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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