Royal Bank Of Canada reaffirmed their sell rating on shares of Norfolk Souther Corporation (NYSE:NSC) in a research note published on Tuesday. The brokerage currently has a $117.00 price target on the railroad operator’s stock.

NSC has been the topic of a number of other research reports. BidaskClub upgraded shares of Norfolk Souther Corporation from a strong sell rating to a sell rating in a report on Thursday, August 10th. Wolfe Research upgraded shares of Norfolk Souther Corporation from a market perform rating to a buy rating and set a $126.00 price target on the stock in a report on Monday, August 7th. UBS AG reiterated a buy rating and set a $133.00 price target on shares of Norfolk Souther Corporation in a report on Monday, August 14th. Cowen and Company reiterated an outperform rating and set a $130.00 price target on shares of Norfolk Souther Corporation in a report on Tuesday, August 1st. Finally, Stephens reiterated an overweight rating and set a $140.00 price target (down previously from $147.00) on shares of Norfolk Souther Corporation in a report on Thursday, July 27th. Four analysts have rated the stock with a sell rating, fifteen have issued a hold rating and nine have issued a buy rating to the company’s stock. The stock currently has an average rating of Hold and a consensus target price of $112.59.

Norfolk Souther Corporation (NYSE:NSC) opened at 119.40 on Tuesday. The stock’s 50 day moving average price is $118.32 and its 200 day moving average price is $118.11. The firm has a market capitalization of $34.41 billion, a PE ratio of 19.40 and a beta of 1.33. Norfolk Souther Corporation has a 52-week low of $89.92 and a 52-week high of $125.31.

Norfolk Souther Corporation (NYSE:NSC) last announced its earnings results on Wednesday, July 26th. The railroad operator reported $1.71 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.65 by $0.06. Norfolk Souther Corporation had a net margin of 17.66% and a return on equity of 14.45%. The business had revenue of $2.64 billion during the quarter, compared to the consensus estimate of $2.64 billion. During the same quarter last year, the firm earned $1.36 earnings per share. The business’s revenue for the quarter was up 7.5% on a year-over-year basis. On average, analysts predict that Norfolk Souther Corporation will post $6.32 EPS for the current fiscal year.

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The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 11th. Stockholders 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 annualized dividend and a dividend yield of 2.04%. Norfolk Souther Corporation’s payout ratio is 39.61%.

In other Norfolk Souther Corporation news, Chairman James A. Squires sold 24,407 shares of Norfolk Souther Corporation stock in a transaction on Tuesday, August 15th. The shares were sold at an average price of $119.95, for a total value of $2,927,619.65. Following the sale, the chairman now directly owns 76,481 shares in the company, valued at approximately $9,173,895.95. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, COO Michael Joseph Wheeler sold 2,370 shares of Norfolk Souther Corporation stock in a transaction on Friday, August 25th. The shares were sold at an average price of $118.68, for a total transaction of $281,271.60. Following the completion of the sale, the chief operating officer now owns 13,492 shares in the company, valued at $1,601,230.56. The disclosure for this sale can be found here. 0.36% of the stock is owned by company insiders.

Hedge funds have recently made changes to their positions in the stock. Krilogy Financial LLC increased its stake in shares of Norfolk Souther Corporation by 2.6% in the second quarter. Krilogy Financial LLC now owns 855 shares of the railroad operator’s stock worth $104,000 after buying an additional 22 shares in the last quarter. AlphaMark Advisors LLC increased its stake in shares of Norfolk Souther Corporation by 20.7% in the second quarter. AlphaMark Advisors LLC now owns 875 shares of the railroad operator’s stock worth $106,000 after buying an additional 150 shares in the last quarter. D Orazio & Associates Inc. increased 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. Harfst & Associates Inc. increased its stake in shares of Norfolk Souther Corporation by 58.8% in the second quarter. Harfst & Associates Inc. now owns 945 shares of the railroad operator’s stock worth $115,000 after buying an additional 350 shares in the last quarter. Finally, MCF Advisors LLC increased 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. Institutional investors own 70.63% of the company’s stock.

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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