Norfolk Southern (NYSE:NSC) Raised to “Outperform” at Robert W. Baird

Norfolk Southern (NYSE:NSC) was upgraded by equities researchers at Robert W. Baird from a “neutral” rating to an “outperform” rating in a research report issued on Tuesday, AR Network reports. The firm currently has a $286.00 target price on the railroad operator’s stock. Robert W. Baird’s target price suggests a potential upside of 12.39% from the company’s previous close.

NSC has been the subject of several other reports. Citigroup lifted their price objective on shares of Norfolk Southern from $214.00 to $250.00 and gave the stock a “buy” rating in a research note on Thursday, October 8th. BidaskClub raised shares of Norfolk Southern from a “hold” rating to a “buy” rating in a research note on Thursday, January 7th. Morgan Stanley lifted their price objective on shares of Norfolk Southern from $134.00 to $135.00 and gave the stock an “underweight” rating in a research note on Wednesday, January 6th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Norfolk Southern from $215.00 to $237.00 and gave the stock a “hold” rating in a research note on Monday, November 30th. Finally, Argus lifted their price objective on shares of Norfolk Southern from $210.00 to $225.00 in a research note on Thursday, October 29th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $222.92.

NSC stock opened at $254.48 on Tuesday. The firm has a fifty day moving average price of $238.78 and a 200 day moving average price of $215.68. Norfolk Southern has a fifty-two week low of $112.62 and a fifty-two week high of $258.17. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.16 and a current ratio of 1.29. The firm has a market cap of $69.81 billion, a PE ratio of 32.75, a price-to-earnings-growth ratio of 3.42 and a beta of 1.41.

Norfolk Southern (NYSE:NSC) last posted its earnings results on Wednesday, October 28th. The railroad operator reported $2.51 earnings per share for the quarter, beating analysts’ consensus estimates of $2.36 by $0.15. Norfolk Southern had a net margin of 20.27% and a return on equity of 15.83%. The firm had revenue of $2.51 billion during the quarter, compared to analyst estimates of $2.53 billion. On average, equities analysts predict that Norfolk Southern will post 9.12 EPS for the current year.

In other Norfolk Southern news, EVP Ann A. Adams sold 1,370 shares of Norfolk Southern stock in a transaction dated Monday, November 2nd. The stock was sold at an average price of $213.86, for a total value of $292,988.20. Following the transaction, the executive vice president now owns 8,011 shares in the company, valued at $1,713,232.46. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.32% of the stock is owned by insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of NSC. Benjamin Edwards Inc. purchased a new position in Norfolk Southern in the third quarter valued at about $26,000. Rockbridge Investment Management LCC purchased a new position in Norfolk Southern in the second quarter valued at about $36,000. Norway Savings Bank grew its stake in shares of Norfolk Southern by 416.7% during the fourth quarter. Norway Savings Bank now owns 155 shares of the railroad operator’s stock worth $37,000 after acquiring an additional 125 shares during the last quarter. Harvest Fund Management Co. Ltd grew its stake in shares of Norfolk Southern by 300.0% during the third quarter. Harvest Fund Management Co. Ltd now owns 184 shares of the railroad operator’s stock worth $39,000 after acquiring an additional 138 shares during the last quarter. Finally, Advisory Alpha LLC purchased a new stake in shares of Norfolk Southern during the third quarter worth about $41,000. Institutional investors own 62.32% of the company’s stock.

Norfolk Southern Company Profile

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

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Analyst Recommendations for Norfolk Southern (NYSE:NSC)

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