Norfolk Southern (NYSE:NSC) Price Target Cut to $265.00 by Analysts at Susquehanna

Norfolk Southern (NYSE:NSC) had its price objective decreased by stock analysts at Susquehanna from $285.00 to $265.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage currently has a “neutral” rating on the railroad operator’s stock. Susquehanna’s price target indicates a potential upside of 11.84% from the stock’s previous close.

Several other equities research analysts also recently issued reports on the company. JPMorgan Chase & Co. lifted their price objective on Norfolk Southern from $283.00 to $288.00 and gave the stock an “overweight” rating in a report on Wednesday, October 23rd. UBS Group lifted their price target on shares of Norfolk Southern from $289.00 to $309.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. Sanford C. Bernstein raised their price objective on shares of Norfolk Southern from $285.00 to $286.00 and gave the stock an “outperform” rating in a report on Wednesday, October 9th. TD Cowen upped their target price on shares of Norfolk Southern from $253.00 to $259.00 and gave the company a “hold” rating in a research note on Wednesday, October 23rd. Finally, Jefferies Financial Group lifted their price target on Norfolk Southern from $275.00 to $280.00 and gave the stock a “buy” rating in a research note on Thursday, October 10th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $275.68.

Norfolk Southern Trading Down 0.3 %

NSC opened at $236.94 on Wednesday. The firm’s 50 day moving average is $253.60 and its 200-day moving average is $245.30. Norfolk Southern has a 52-week low of $206.71 and a 52-week high of $277.60. The company has a quick ratio of 0.65, a current ratio of 0.73 and a debt-to-equity ratio of 1.21. The firm has a market capitalization of $53.61 billion, a P/E ratio of 22.25, a P/E/G ratio of 2.34 and a beta of 1.34.

Norfolk Southern (NYSE:NSC) last issued its quarterly earnings data on Tuesday, October 22nd. The railroad operator reported $3.25 EPS for the quarter, topping analysts’ consensus estimates of $3.11 by $0.14. The firm had revenue of $3.10 billion for the quarter, compared to analyst estimates of $3.08 billion. Norfolk Southern had a net margin of 19.85% and a return on equity of 20.25%. The firm’s revenue was up 3.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.65 EPS. Analysts expect that Norfolk Southern will post 11.82 EPS for the current fiscal year.

Insider Transactions at Norfolk Southern

In other news, Director Sameh Fahmy acquired 350 shares of the business’s stock in a transaction dated Thursday, December 12th. The stock was acquired at an average price of $249.37 per share, for a total transaction of $87,279.50. Following the completion of the acquisition, the director now directly owns 10,350 shares in the company, valued at $2,580,979.50. This represents a 3.50 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. Insiders own 0.19% of the company’s stock.

Institutional Investors Weigh In On Norfolk Southern

Several hedge funds and other institutional investors have recently bought and sold shares of NSC. Lake Street Advisors Group LLC boosted its position in shares of Norfolk Southern by 1.8% during the 3rd quarter. Lake Street Advisors Group LLC now owns 2,265 shares of the railroad operator’s stock valued at $563,000 after purchasing an additional 41 shares in the last quarter. Raab & Moskowitz Asset Management LLC grew its stake in Norfolk Southern by 2.4% in the third quarter. Raab & Moskowitz Asset Management LLC now owns 1,749 shares of the railroad operator’s stock valued at $435,000 after purchasing an additional 41 shares in the last quarter. Foster Victor Wealth Advisors LLC raised its stake in shares of Norfolk Southern by 4.2% during the 3rd quarter. Foster Victor Wealth Advisors LLC now owns 1,043 shares of the railroad operator’s stock worth $256,000 after purchasing an additional 42 shares in the last quarter. Stratos Investment Management LLC grew its stake in shares of Norfolk Southern by 3.8% in the 3rd quarter. Stratos Investment Management LLC now owns 1,154 shares of the railroad operator’s stock valued at $287,000 after buying an additional 42 shares in the last quarter. Finally, Archer Investment Corp increased its holdings in Norfolk Southern by 2.3% in the third quarter. Archer Investment Corp now owns 1,934 shares of the railroad operator’s stock worth $481,000 after buying an additional 43 shares during the last quarter. 75.10% of the stock is currently owned by institutional investors.

About Norfolk Southern

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.