Stifel Nicolaus reiterated their hold rating on shares of Norfolk Souther Corporation (NYSE:NSC) in a report published on Tuesday. The firm currently has a $124.00 price objective on the railroad operator’s stock.

Several other research analysts have also recently issued reports on the company. BidaskClub raised Norfolk Souther Corporation from a strong sell rating to a sell rating in a research report on Thursday, August 10th. Wolfe Research raised Norfolk Souther Corporation from a market perform rating to a buy rating and set a $126.00 target price on the stock in a research note on Monday, August 7th. UBS AG reissued a buy rating and set a $133.00 target price on shares of Norfolk Souther Corporation in a research note on Monday, August 14th. Cowen and Company reissued an outperform rating and set a $130.00 target price on shares of Norfolk Souther Corporation in a research note on Tuesday, August 1st. Finally, Stephens reissued an overweight rating and set a $140.00 target price (down previously from $147.00) on shares of Norfolk Souther Corporation in a research note on Thursday, July 27th. Four research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and nine have assigned a buy rating to the stock. The stock presently has an average rating of Hold and an average price target of $115.00.

Shares of Norfolk Souther Corporation (NYSE NSC) opened at 126.97 on Tuesday. The firm’s 50-day moving average is $118.93 and its 200-day moving average is $118.22. Norfolk Souther Corporation has a 52 week low of $89.95 and a 52 week high of $127.94. The firm has a market capitalization of $36.59 billion, a P/E ratio of 20.63 and a beta of 1.32.

Norfolk Souther Corporation (NYSE:NSC) last released its earnings results on Wednesday, July 26th. The railroad operator reported $1.71 EPS for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $2.64 billion for the quarter, compared to analysts’ expectations of $2.64 billion. During the same period in the prior year, the firm posted $1.36 earnings per share. The company’s quarterly revenue was up 7.5% on a year-over-year basis. Equities analysts anticipate that Norfolk Souther Corporation will post $6.32 EPS for the current year.

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The firm also recently declared a quarterly dividend, which was paid on Monday, September 11th. Shareholders of record on Monday, August 7th were paid a $0.61 dividend. This represents a $2.44 dividend on an annualized basis and a yield of 1.92%. The ex-dividend date of this dividend was Thursday, August 3rd. Norfolk Souther Corporation’s dividend payout ratio is presently 39.61%.

In related news, VP Thomas E. Hurlbut sold 300 shares of the business’s stock in a transaction dated Tuesday, August 29th. The stock was sold at an average price of $118.80, for a total value of $35,640.00. Following the transaction, the vice president now owns 4,000 shares in the company, valued at approximately $475,200. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Michael Joseph Wheeler sold 2,370 shares of the business’s stock in a transaction dated Friday, August 25th. The shares were sold at an average price of $118.68, for a total value of $281,271.60. Following the completion of the transaction, the chief operating officer now owns 13,492 shares in the company, valued at approximately $1,601,230.56. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 27,077 shares of company stock worth $3,244,531. 0.36% of the stock is owned by insiders.

A number of hedge funds have recently modified their holdings of the stock. D Orazio & Associates Inc. boosted its stake in shares of Norfolk Souther Corporation by 0.5% during the 1st quarter. D Orazio & Associates Inc. now owns 891 shares of the railroad operator’s stock worth $100,000 after acquiring an additional 4 shares in the last quarter. Harbour Capital Advisors LLC raised its position in shares of Norfolk Souther Corporation by 12,069.6% during the 2nd quarter. Harbour Capital Advisors LLC now owns 12,413 shares of the railroad operator’s stock worth $102,000 after purchasing an additional 12,311 shares during the last quarter. Krilogy Financial LLC raised its position in shares of Norfolk Souther Corporation by 2.6% during the 2nd quarter. Krilogy Financial LLC now owns 855 shares of the railroad operator’s stock worth $104,000 after purchasing an additional 22 shares during the last quarter. MCF Advisors LLC raised its position in shares of Norfolk Souther Corporation by 31.4% during the 1st quarter. MCF Advisors LLC now owns 949 shares of the railroad operator’s stock worth $106,000 after purchasing an additional 227 shares during the last quarter. Finally, AlphaMark Advisors LLC raised its position in shares of Norfolk Souther Corporation by 20.7% during the 2nd quarter. AlphaMark Advisors LLC now owns 875 shares of the railroad operator’s stock worth $106,000 after purchasing an additional 150 shares during the last quarter. Hedge funds and other institutional investors own 70.64% of the company’s stock.

About Norfolk Souther Corporation

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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