Stifel Nicolaus restated their hold rating on shares of Norfolk Souther Corporation (NYSE:NSC) in a report issued on Thursday. The brokerage currently has a $124.00 price target on the railroad operator’s stock, up from their prior price target of $122.00.

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

Shares of Norfolk Souther Corporation (NSC) traded down 1.06% during midday trading on Thursday, reaching $113.02. The company had a trading volume of 1,103,160 shares. Norfolk Souther Corporation has a 1-year low of $86.88 and a 1-year high of $125.31. The firm’s 50 day moving average price is $119.90 and its 200-day moving average price is $117.94. The stock has a market capitalization of $32.57 billion, a price-to-earnings ratio of 18.37 and a beta of 1.35.

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

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

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

A number of hedge funds have recently modified their holdings of NSC. D Orazio & Associates Inc. boosted its stake in shares of Norfolk Souther Corporation by 0.5% in the first quarter. D Orazio & Associates Inc. now owns 891 shares of the railroad operator’s stock worth $100,000 after buying an additional 4 shares in the last quarter. MCF Advisors LLC boosted its stake in shares of Norfolk Souther Corporation by 31.4% in the first quarter. MCF Advisors LLC now owns 949 shares of the railroad operator’s stock worth $106,000 after buying an additional 227 shares in the last quarter. Parkside Financial Bank & Trust boosted its stake in shares of Norfolk Souther Corporation by 35.3% in the first quarter. Parkside Financial Bank & Trust now owns 958 shares of the railroad operator’s stock worth $107,000 after buying an additional 250 shares in the last quarter. Parallel Advisors LLC boosted its stake in shares of Norfolk Souther Corporation by 29.2% in the first quarter. Parallel Advisors LLC now owns 974 shares of the railroad operator’s stock worth $114,000 after buying an additional 220 shares in the last quarter. Finally, North Star Investment Management Corp. boosted its stake in shares of Norfolk Souther Corporation by 5.0% in the second quarter. North Star Investment Management Corp. now owns 1,050 shares of the railroad operator’s stock worth $128,000 after buying an additional 50 shares in the last quarter. 70.16% of the stock is 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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