Norfolk Southern (NYSE:NSC) PT Set at $130.00 by Morgan Stanley

Morgan Stanley set a $130.00 target price on Norfolk Southern (NYSE:NSC) in a research report released on Monday morning, Stock Target Advisor reports. The brokerage currently has a sell rating on the railroad operator’s stock.

A number of other research firms have also recently weighed in on NSC. Citigroup set a $20.00 target price on shares of Compania de Minas Buenaventura SAA and gave the company a buy rating in a research note on Thursday, April 4th. Barclays lifted their target price on shares of T. Rowe Price Group from $90.00 to $95.00 and gave the company an underweight rating in a research note on Thursday, April 25th. Loop Capital lifted their target price on shares of Norfolk Southern to $237.00 and gave the company a buy rating in a research note on Thursday, April 25th. Argus lifted their target price on shares of Norfolk Southern from $210.00 to $220.00 and gave the company a buy rating in a research note on Tuesday, May 7th. Finally, TD Securities lifted their target price on shares of TFI International from C$52.00 to C$54.00 and gave the company a buy rating in a research note on Thursday, April 25th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and fourteen have given a buy rating to the company. The stock has a consensus rating of Buy and an average target price of $204.47.

Shares of NSC stock opened at $201.50 on Monday. Norfolk Southern has a 1 year low of $138.65 and a 1 year high of $211.46. The company’s fifty day simple moving average is $198.14. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.59 and a current ratio of 0.67. The company has a market cap of $52.65 billion, a P/E ratio of 21.19, a price-to-earnings-growth ratio of 1.58 and a beta of 1.32.

Norfolk Southern (NYSE:NSC) last released its earnings results on Wednesday, April 24th. The railroad operator reported $2.51 earnings per share for the quarter, beating analysts’ consensus estimates of $2.17 by $0.34. Norfolk Southern had a net margin of 24.10% and a return on equity of 17.80%. The company had revenue of $2.84 billion for the quarter, compared to analysts’ expectations of $2.82 billion. During the same quarter in the previous year, the company earned $1.93 EPS. Norfolk Southern’s revenue for the quarter was up 4.5% on a year-over-year basis. As a group, sell-side analysts expect that Norfolk Southern will post 10.84 earnings per share for the current fiscal year.

In other Norfolk Southern news, COO Michael Joseph Wheeler sold 2,500 shares of the business’s stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $204.57, for a total value of $511,425.00. Following the sale, the chief operating officer now owns 12,919 shares in the company, valued at approximately $2,642,839.83. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Chairman James A. Squires sold 3,024 shares of the business’s stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $204.71, for a total transaction of $619,043.04. The disclosure for this sale can be found here. 0.19% of the stock is owned by insiders.

A number of hedge funds have recently made changes to their positions in the business. Eagle Global Advisors LLC increased its holdings in shares of Norfolk Southern by 2.0% in the 1st quarter. Eagle Global Advisors LLC now owns 2,550 shares of the railroad operator’s stock worth $477,000 after buying an additional 50 shares during the last quarter. Harfst & Associates Inc. increased its holdings in shares of Norfolk Southern by 3.7% in the 1st quarter. Harfst & Associates Inc. now owns 1,394 shares of the railroad operator’s stock worth $260,000 after buying an additional 50 shares during the last quarter. Alera Investment Advisors LLC increased its holdings in shares of Norfolk Southern by 4.8% in the 1st quarter. Alera Investment Advisors LLC now owns 1,129 shares of the railroad operator’s stock worth $211,000 after buying an additional 52 shares during the last quarter. Telemus Capital LLC increased its holdings in shares of Norfolk Southern by 3.5% in the 1st quarter. Telemus Capital LLC now owns 1,618 shares of the railroad operator’s stock worth $302,000 after buying an additional 55 shares during the last quarter. Finally, Contravisory Investment Management Inc. increased its holdings in shares of Norfolk Southern by 18.4% in the 2nd quarter. Contravisory Investment Management Inc. now owns 360 shares of the railroad operator’s stock worth $72,000 after buying an additional 56 shares during the last quarter. Institutional investors and hedge funds own 72.50% of the company’s stock.

About Norfolk Southern

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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Analyst Recommendations for Norfolk Southern (NYSE:NSC)

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