Norfolk Southern (NYSE:NSC) had its price target boosted by Argus to $210.00 in a research note issued to investors on Monday, The Fly reports. They currently have a positive rating on the railroad operator’s stock.

Several other equities analysts also recently weighed in on the company. Citigroup lifted their target price on Norfolk Southern from $200.00 to $225.00 and gave the company a buy rating in a research report on Thursday, April 4th. Bank of America raised Norfolk Southern from a neutral rating to a buy rating and set a $205.00 price target on the stock in a report on Monday, April 1st. Zacks Investment Research raised Norfolk Southern from a hold rating to a buy rating and set a $200.00 price target on the stock in a report on Friday, March 8th. ValuEngine cut Norfolk Southern from a buy rating to a hold rating in a report on Friday, March 1st. Finally, Royal Bank of Canada cut Norfolk Southern from a sector perform rating to an underperform rating and decreased their price target for the company from $180.00 to $178.00 in a report on Tuesday, February 19th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and twelve have issued a buy rating to the stock. The stock currently has an average rating of Hold and a consensus target price of $190.47.

NYSE NSC opened at $192.61 on Monday. The firm has a market cap of $51.55 billion, a P/E ratio of 20.25, a P/E/G ratio of 1.64 and a beta of 1.43. The company has a current ratio of 0.72, a quick ratio of 0.64 and a debt-to-equity ratio of 0.69. Norfolk Southern has a fifty-two week low of $129.00 and a fifty-two week high of $194.63.

Norfolk Southern (NYSE:NSC) last released its earnings results on Thursday, January 24th. The railroad operator reported $2.57 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.30 by $0.27. The company had revenue of $2.90 billion for the quarter, compared to the consensus estimate of $2.85 billion. Norfolk Southern had a return on equity of 16.71% and a net margin of 23.27%. Norfolk Southern’s quarterly revenue was up 8.5% compared to the same quarter last year. During the same period in the previous year, the business earned $1.69 earnings per share. On average, equities research analysts anticipate that Norfolk Southern will post 10.39 EPS for the current year.

In other news, COO Michael Joseph Wheeler sold 4,761 shares of Norfolk Southern stock in a transaction dated Tuesday, February 12th. The stock was sold at an average price of $180.23, for a total value of $858,075.03. Following the sale, the chief operating officer now directly owns 19,724 shares of the company’s stock, valued at $3,554,856.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Jason Andrew Zampi sold 519 shares of Norfolk Southern stock in a transaction dated Thursday, February 14th. The stock was sold at an average price of $181.34, for a total value of $94,115.46. The disclosure for this sale can be found here. 0.19% of the stock is owned by company insiders.

Hedge funds have recently modified their holdings of the company. Bruderman Asset Management LLC bought a new stake in shares of Norfolk Southern in the fourth quarter worth about $26,000. Intercontinental Wealth Advisors LLC purchased a new position in Norfolk Southern in the fourth quarter worth about $27,000. Moody National Bank Trust Division purchased a new position in Norfolk Southern in the fourth quarter worth about $31,000. Pinnacle Bank purchased a new position in Norfolk Southern in the fourth quarter worth about $33,000. Finally, PRW Wealth Management LLC purchased a new position in Norfolk Southern in the fourth quarter worth about $36,000. 74.39% of the stock is currently owned by hedge funds and other 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. The company transports industrial products, including chemicals, agriculture, and metals and construction materials; and coal, automobiles, and automotive parts.

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The Fly

Analyst Recommendations for Norfolk Southern (NYSE:NSC)

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