Weekly Analysts’ Ratings Changes for Norfolk Southern (NSC)

Posted by Renee Jackson on Nov 5th, 2024

Several analysts have recently updated their ratings and price targets for Norfolk Southern (NYSE: NSC):

10/23/2024 – Norfolk Southern had its price target raised by analysts at JPMorgan Chase & Co. from $283.00 to $288.00. They now have an “overweight” rating on the stock.
10/23/2024 – Norfolk Southern had its price target raised by analysts at Wells Fargo & Company from $270.00 to $280.00. They now have an “overweight” rating on the stock.
10/23/2024 – Norfolk Southern had its price target raised by analysts at Barclays PLC from $275.00 to $290.00. They now have an “overweight” rating on the stock.
10/23/2024 – Norfolk Southern had its price target raised by analysts at Royal Bank of Canada from $272.00 to $282.00. They now have an “outperform” rating on the stock.
10/23/2024 – Norfolk Southern had its price target lowered by analysts at Evercore ISI from $276.00 to $274.00. They now have an “outperform” rating on the stock.
10/23/2024 – Norfolk Southern had its price target raised by analysts at Susquehanna from $280.00 to $285.00. They now have a “neutral” rating on the stock.
10/23/2024 – Norfolk Southern had its price target raised by analysts at TD Cowen from $253.00 to $259.00. They now have a “hold” rating on the stock.
10/23/2024 – Norfolk Southern had its “equal weight” rating reaffirmed by analysts at Stephens. They now have a $263.00 price target on the stock.
10/23/2024 – Norfolk Southern had its price target raised by analysts at Loop Capital from $285.00 to $287.00. They now have a “buy” rating on the stock.
10/23/2024 – Norfolk Southern had its price target raised by analysts at Bank of America Co. from $276.00 to $291.00. They now have a “buy” rating on the stock.
10/23/2024 – Norfolk Southern had its price target raised by analysts at UBS Group AG from $289.00 to $309.00. They now have a “buy” rating on the stock.
10/23/2024 – Norfolk Southern had its price target raised by analysts at Benchmark Co. from $270.00 to $285.00. They now have a “buy” rating on the stock.
10/22/2024 – Norfolk Southern had its price target raised by analysts at Citigroup Inc. from $294.00 to $302.00. They now have a “buy” rating on the stock.
10/11/2024 – Norfolk Southern had its price target raised by analysts at Stifel Nicolaus from $241.00 to $245.00. They now have a “hold” rating on the stock.
10/10/2024 – Norfolk Southern had its price target raised by analysts at Jefferies Financial Group Inc. from $275.00 to $280.00. They now have a “buy” rating on the stock.
10/9/2024 – Norfolk Southern had its price target raised by analysts at Sanford C. Bernstein from $285.00 to $286.00. They now have an “outperform” rating on the stock.
10/9/2024 – Norfolk Southern is now covered by analysts at Citigroup Inc.. They set a “buy” rating and a $294.00 price target on the stock.
10/2/2024 – Norfolk Southern had its price target raised by analysts at Susquehanna from $255.00 to $280.00. They now have a “neutral” rating on the stock.
9/30/2024 – Norfolk Southern had its price target raised by analysts at Royal Bank of Canada from $267.00 to $272.00. They now have an “outperform” rating on the stock.
9/25/2024 – Norfolk Southern had its price target raised by analysts at Evercore ISI from $265.00 to $276.00. They now have an “outperform” rating on the stock.

Norfolk Southern Trading Down 1.0 %

Shares of NYSE:NSC opened at $247.59 on Tuesday. Norfolk Southern Co. has a 12-month low of $192.53 and a 12-month high of $263.66. The stock has a market cap of $56.01 billion, a PE ratio of 23.25, a P/E/G ratio of 2.37 and a beta of 1.30. The business has a 50 day moving average of $250.49 and a 200-day moving average of $237.10. The company has a quick ratio of 0.65, a current ratio of 0.73 and a debt-to-equity ratio of 1.21.

Norfolk Southern (NYSE:NSC – Get Free Report) last issued its quarterly earnings results on Tuesday, October 22nd. The railroad operator reported $3.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.11 by $0.14. The business had revenue of $3.10 billion during the quarter, compared to analysts’ expectations of $3.08 billion. Norfolk Southern had a return on equity of 20.25% and a net margin of 19.85%. The firm’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same period in the previous year, the company posted $2.65 earnings per share. As a group, equities research analysts forecast that Norfolk Southern Co. will post 11.82 earnings per share for the current year.

Norfolk Southern Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 20th. Investors of record on Friday, November 1st will be paid a $1.35 dividend. This represents a $5.40 annualized dividend and a dividend yield of 2.18%. The ex-dividend date of this dividend is Friday, November 1st. Norfolk Southern’s dividend payout ratio (DPR) is currently 50.70%.

Insider Activity at Norfolk Southern

In other Norfolk Southern news, CEO Alan H. Shaw sold 51,325 shares of the company’s stock in a transaction on Friday, September 13th. The stock was sold at an average price of $255.98, for a total transaction of $13,138,173.50. Following the completion of the sale, the chief executive officer now directly owns 35,045 shares in the company, valued at $8,970,819.10. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, CEO Alan H. Shaw sold 51,325 shares of the company’s stock in a transaction on Friday, September 13th. The shares were sold at an average price of $255.98, for a total transaction of $13,138,173.50. Following the completion of the transaction, the chief executive officer now directly owns 35,045 shares in the company, valued at approximately $8,970,819.10. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Sameh Fahmy purchased 1,000 shares of the stock in a transaction dated Thursday, October 24th. The shares were bought at an average price of $255.00 per share, with a total value of $255,000.00. Following the completion of the acquisition, the director now directly owns 10,000 shares of the company’s stock, valued at approximately $2,550,000. This represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. 0.19% of the stock is currently owned by corporate insiders.

Institutional Trading of Norfolk Southern

Institutional investors and hedge funds have recently bought and sold shares of the stock. Mirae Asset Global Investments Co. Ltd. increased its holdings in Norfolk Southern by 20.5% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 14,428 shares of the railroad operator’s stock valued at $3,556,000 after purchasing an additional 2,453 shares during the period. Pathway Financial Advisers LLC boosted its position in Norfolk Southern by 25,181.8% during the third quarter. Pathway Financial Advisers LLC now owns 893,459 shares of the railroad operator’s stock valued at $222,025,000 after acquiring an additional 889,925 shares during the last quarter. Seven Eight Capital LP bought a new stake in Norfolk Southern during the second quarter valued at $1,676,000. Dakota Wealth Management boosted its position in Norfolk Southern by 2.1% during the third quarter. Dakota Wealth Management now owns 7,206 shares of the railroad operator’s stock valued at $1,791,000 after acquiring an additional 150 shares during the last quarter. Finally, Manning & Napier Advisors LLC bought a new stake in Norfolk Southern during the second quarter valued at $13,627,000. 75.10% of the stock is currently owned by institutional investors and hedge funds.

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.