Norfolk Southern Corp. (NYSE:NSC)’s share price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $220.05 and last traded at $219.62, with a volume of 2000 shares traded. The stock had previously closed at $217.55.

Several brokerages have issued reports on NSC. Credit Suisse Group increased their price target on Norfolk Southern from $199.00 to $216.00 and gave the stock an “outperform” rating in a report on Thursday, July 30th. TD Securities upgraded Norfolk Southern from a “hold” rating to a “buy” rating and set a $215.00 price objective for the company in a report on Thursday, July 2nd. Wells Fargo & Company increased their price objective on Norfolk Southern from $201.00 to $213.00 and gave the stock an “overweight” rating in a report on Thursday, July 30th. BMO Capital Markets increased their price objective on Norfolk Southern from $185.00 to $195.00 and gave the stock a “market perform” rating in a report on Wednesday, June 3rd. Finally, Goldman Sachs Group increased their price objective on Norfolk Southern from $213.00 to $235.00 and gave the stock a “conviction-buy” rating in a report on Tuesday, September 1st. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $195.64.

The firm has a market cap of $61.15 billion, a price-to-earnings ratio of 27.62, a P/E/G ratio of 3.47 and a beta of 1.39. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.08 and a current ratio of 1.21. The firm has a fifty day simple moving average of $205.76 and a 200-day simple moving average of $177.08.

Norfolk Southern (NYSE:NSC) last released its quarterly earnings results on Wednesday, July 29th. The railroad operator reported $1.53 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.33 by $0.20. The firm had revenue of $2.09 billion for the quarter, compared to analysts’ expectations of $2.06 billion. Norfolk Southern had a net margin of 20.47% and a return on equity of 16.06%. The business’s revenue was down 28.7% on a year-over-year basis. During the same period in the prior year, the firm earned $2.70 EPS. Analysts expect that Norfolk Southern Corp. will post 8.81 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 10th. Investors of record on Friday, August 7th were given a dividend of $0.94 per share. This represents a $3.76 dividend on an annualized basis and a yield of 1.69%. The ex-dividend date of this dividend was Thursday, August 6th. Norfolk Southern’s dividend payout ratio is 36.36%.

In related news, COO Michael Joseph Wheeler sold 1,788 shares of the company’s stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of $210.51, for a total transaction of $376,391.88. Following the completion of the sale, the chief operating officer now owns 11,058 shares of the company’s stock, valued at $2,327,819.58. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO James A. Squires sold 2,715 shares of the stock in a transaction dated Friday, July 31st. The stock was sold at an average price of $186.68, for a total transaction of $506,836.20. Following the sale, the chief executive officer now owns 66,357 shares in the company, valued at $12,387,524.76. The disclosure for this sale can be found here. Corporate insiders own 0.32% of the company’s stock.

A number of institutional investors have recently made changes to their positions in the business. Public Employees Retirement Association of Colorado boosted its stake in shares of Norfolk Southern by 32.1% in the 1st quarter. Public Employees Retirement Association of Colorado now owns 469,192 shares of the railroad operator’s stock valued at $68,502,000 after purchasing an additional 114,049 shares in the last quarter. AE Wealth Management LLC boosted its stake in shares of Norfolk Southern by 2.6% in the 1st quarter. AE Wealth Management LLC now owns 9,735 shares of the railroad operator’s stock valued at $1,421,000 after purchasing an additional 248 shares in the last quarter. Oppenheimer Asset Management Inc. boosted its stake in shares of Norfolk Southern by 3.5% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 13,935 shares of the railroad operator’s stock valued at $2,035,000 after purchasing an additional 474 shares in the last quarter. Mackay Shields LLC boosted its stake in shares of Norfolk Southern by 1.8% in the 1st quarter. Mackay Shields LLC now owns 49,920 shares of the railroad operator’s stock valued at $7,288,000 after purchasing an additional 901 shares in the last quarter. Finally, Cetera Investment Advisers boosted its stake in shares of Norfolk Southern by 23.3% in the 1st quarter. Cetera Investment Advisers now owns 2,362 shares of the railroad operator’s stock valued at $345,000 after purchasing an additional 447 shares in the last quarter. Hedge funds and other institutional investors own 66.94% of the company’s stock.

Norfolk Southern Company Profile (NYSE:NSC)

Norfolk Southern Corporation, together with its subsidiaries, engages in the rail transportation of raw materials, intermediate products, and finished goods. The company transports industrial products, including chemicals, agriculture, and metals and construction materials; and coal, automobiles, and automotive parts.

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