BidaskClub downgraded shares of Norfolk Souther Corporation (NYSE:NSC) from a hold rating to a sell rating in a report released on Thursday morning.

NSC has been the topic of several other research reports. Zacks Investment Research upgraded shares of Norfolk Souther Corporation from a hold rating to a buy rating and set a $132.00 target price on the stock in a report on Wednesday, May 3rd. ValuEngine upgraded shares of Norfolk Souther Corporation from a hold rating to a buy rating in a report on Friday, June 2nd. Credit Suisse Group reiterated an outperform rating and issued a $133.00 price objective on shares of Norfolk Souther Corporation in a report on Sunday, May 28th. TD Securities reiterated a hold rating on shares of Norfolk Souther Corporation in a report on Thursday, April 27th. Finally, Deutsche Bank AG boosted their price objective on shares of Norfolk Souther Corporation from $126.00 to $132.00 and gave the stock a buy rating in a report on Friday, April 28th. Four equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and eight have issued a buy rating to the stock. The stock has an average rating of Hold and a consensus target price of $111.35.

Norfolk Souther Corporation (NYSE NSC) traded down 1.06% during mid-day trading on Thursday, hitting $113.02. The stock had a trading volume of 1,103,099 shares. The company has a 50 day moving average price of $119.90 and a 200-day moving average price of $117.94. Norfolk Souther Corporation has a one year low of $86.88 and a one year high of $125.31. The company has a market cap of $32.57 billion, a price-to-earnings ratio of 18.37 and a beta of 1.35.

Norfolk Souther Corporation (NYSE:NSC) last posted its earnings results on Wednesday, July 26th. The railroad operator reported $1.71 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.65 by $0.06. The business had revenue of $2.64 billion for the quarter, compared to analyst estimates of $2.64 billion. Norfolk Souther Corporation had a net margin of 17.66% and a return on equity of 14.45%. The business’s quarterly revenue was up 7.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.36 EPS. Equities analysts expect that Norfolk Souther Corporation will post $6.33 earnings per share for the current fiscal year.

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The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 11th. Investors of record on Monday, August 7th will be given a dividend of $0.61 per share. This represents a $2.44 dividend on an annualized basis and a dividend yield of 2.14%. The ex-dividend date is Thursday, August 3rd. Norfolk Souther Corporation’s dividend payout ratio is presently 39.61%.

In related news, VP Thomas E. Hurlbut sold 802 shares of the business’s stock in a transaction dated Thursday, May 25th. The shares were sold at an average price of $116.54, for a total transaction of $93,465.08. Following the completion of the sale, the vice president now owns 4,300 shares of the company’s stock, valued at approximately $501,122. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Thomas E. Hurlbut sold 1,427 shares of the business’s stock in a transaction dated Friday, May 12th. The shares were sold at an average price of $116.92, for a total transaction of $166,844.84. Following the sale, the vice president now directly owns 5,102 shares of the company’s stock, valued at approximately $596,525.84. The disclosure for this sale can be found here. 0.36% of the stock is owned by corporate insiders.

Several large investors have recently made changes to their positions in NSC. BlackRock Inc. increased its stake in shares of Norfolk Souther Corporation by 3,039.1% in the first quarter. BlackRock Inc. now owns 19,551,432 shares of the railroad operator’s stock worth $2,189,172,000 after buying an additional 18,928,598 shares in the last quarter. State Street Corp raised its position in Norfolk Souther Corporation by 2.2% in the first quarter. State Street Corp now owns 12,960,797 shares of the railroad operator’s stock worth $1,451,226,000 after buying an additional 281,088 shares during the last quarter. Alliancebernstein L.P. raised its position in Norfolk Souther Corporation by 936.1% in the first quarter. Alliancebernstein L.P. now owns 5,378,457 shares of the railroad operator’s stock worth $602,226,000 after buying an additional 4,859,355 shares during the last quarter. JPMorgan Chase & Co. raised its position in Norfolk Souther Corporation by 31.8% in the first quarter. JPMorgan Chase & Co. now owns 4,209,269 shares of the railroad operator’s stock worth $471,313,000 after buying an additional 1,016,319 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its position in Norfolk Souther Corporation by 0.9% in the first quarter. Dimensional Fund Advisors LP now owns 3,503,800 shares of the railroad operator’s stock worth $392,383,000 after buying an additional 30,856 shares during the last quarter. 70.16% of the stock is owned by institutional investors and hedge funds.

Norfolk Souther Corporation Company Profile

Norfolk Southern Corporation is a holding company engaged in the rail transportation business. As of December 31, 2016, the Company operated approximately 19,500 miles of road primarily in the East and Midwest. The Company is engaged in the rail transportation of raw materials, intermediate products and finished goods primarily in the Southeast, East and Midwest.

Analyst Recommendations for Norfolk Souther Corporation (NYSE:NSC)

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