Norfolk Souther Corporation (NYSE:NSC) had its price target increased by Citigroup Inc. from $124.00 to $135.00 in a research note issued to investors on Wednesday. They currently have a neutral rating on the railroad operator’s stock.

A number of other research firms have also weighed in on NSC. ValuEngine lowered Norfolk Souther Corporation from a buy rating to a hold rating in a research note on Monday, October 2nd. Cowen and Company reiterated a buy rating and issued a $130.00 target price on shares of Norfolk Souther Corporation in a research note on Tuesday, July 11th. Royal Bank Of Canada reiterated a sell rating and issued a $117.00 target price on shares of Norfolk Souther Corporation in a research note on Tuesday, August 29th. Scotiabank lowered Norfolk Souther Corporation from a sector outperform rating to a sector perform rating in a research note on Thursday, July 6th. Finally, UBS AG reiterated a buy rating and issued a $133.00 target price on shares of Norfolk Souther Corporation in a research note on Monday, August 14th. Five equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and eight have assigned a buy rating to the company’s stock. Norfolk Souther Corporation presently has an average rating of Hold and an average target price of $112.56.

Shares of Norfolk Souther Corporation (NYSE NSC) traded down 0.50% on Wednesday, hitting $130.46. 1,281,748 shares of the company traded hands. Norfolk Souther Corporation has a 1-year low of $89.95 and a 1-year high of $133.81. The firm’s 50 day moving average price is $125.70 and its 200-day moving average price is $119.47. The stock has a market capitalization of $37.60 billion, a price-to-earnings ratio of 21.20 and a beta of 1.38.

Norfolk Souther Corporation (NYSE:NSC) last released its quarterly 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. Norfolk Souther Corporation had a return on equity of 14.45% and a net margin of 17.66%. The company had revenue of $2.64 billion for the quarter, compared to analyst estimates of $2.64 billion. During the same quarter in the prior year, the firm posted $1.36 EPS. Norfolk Souther Corporation’s quarterly revenue was up 7.5% compared to the same quarter last year. On average, equities research analysts expect that Norfolk Souther Corporation will post $6.34 earnings per share for the current year.

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Norfolk Souther Corporation announced that its Board of Directors has authorized a share repurchase plan on Tuesday, September 26th that authorizes the company to buyback 50,000,000 outstanding shares. This buyback authorization authorizes the railroad operator to buy shares of its stock through open market purchases. Shares buyback plans are usually an indication that the company’s board of directors believes its shares are undervalued.

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 11th. Investors of record on Monday, August 7th were given a dividend of $0.61 per share. This represents a $2.44 dividend on an annualized basis and a yield of 1.87%. The ex-dividend date of this dividend was Thursday, August 3rd. Norfolk Souther Corporation’s payout ratio is currently 39.61%.

In related news, COO Michael Joseph Wheeler sold 2,370 shares of the firm’s stock in a transaction dated Friday, August 25th. The stock was sold at an average price of $118.68, for a total transaction of $281,271.60. Following the sale, the chief operating officer now owns 13,492 shares of the company’s stock, valued at $1,601,230.56. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Thomas E. Hurlbut sold 300 shares of the firm’s stock in a transaction dated Tuesday, August 29th. The shares were sold at an average price of $118.80, for a total value of $35,640.00. Following the sale, the vice president now directly owns 4,000 shares in the company, valued at approximately $475,200. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 27,077 shares of company stock worth $3,244,531. 0.36% of the stock is owned by corporate insiders.

Hedge funds have recently modified their holdings of the stock. Krilogy Financial LLC boosted its position in Norfolk Souther Corporation by 2.6% during the second quarter. Krilogy Financial LLC now owns 855 shares of the railroad operator’s stock valued at $104,000 after purchasing an additional 22 shares in the last quarter. AlphaMark Advisors LLC boosted its position in Norfolk Souther Corporation by 20.7% during the second quarter. AlphaMark Advisors LLC now owns 875 shares of the railroad operator’s stock valued at $106,000 after purchasing an additional 150 shares in the last quarter. D Orazio & Associates Inc. boosted its position in Norfolk Souther Corporation by 0.5% during the first quarter. D Orazio & Associates Inc. now owns 891 shares of the railroad operator’s stock valued at $100,000 after purchasing an additional 4 shares in the last quarter. Harfst & Associates Inc. boosted its position in Norfolk Souther Corporation by 58.8% during the second quarter. Harfst & Associates Inc. now owns 945 shares of the railroad operator’s stock valued at $115,000 after purchasing an additional 350 shares in the last quarter. Finally, Parkside Financial Bank & Trust boosted its position in Norfolk Souther Corporation by 35.3% during the first quarter. Parkside Financial Bank & Trust now owns 958 shares of the railroad operator’s stock valued at $107,000 after purchasing an additional 250 shares in the last quarter. 70.60% of the stock is currently owned by institutional investors.

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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