Norfolk Southern (NYSE: NSC)‘s stock had its “buy” rating reiterated by investment analysts at TheStreet in a note issued to investors on Monday.
The analysts wrote, “Norfolk Southern Corporation (NSC) has been reiterated by TheStreet Ratings as a buy with a ratings score of A- . The company’s strengths can be seen in multiple areas, such as its attractive valuation levels, good cash flow from operations, solid stock price performance, expanding profit margins and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had sub par growth in net income.”
Shares of Norfolk Southern (NYSE: NSC) traded up 0.04% during mid-day trading on Monday, hitting $75.65. Norfolk Southern has a 52 week low of $56.05 and a 52 week high of $75.71. The stock’s 50-day moving average is currently $71.96. The company has a market cap of $23.793 billion and a P/E ratio of 14.09.
Norfolk Southern (NYSE: NSC) last issued its quarterly earnings data on Tuesday, January 22nd. The company reported $1.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.20 by $0.10. The company had revenue of $2.68 billion for the quarter, compared to the consensus estimate of $2.67 billion. During the same quarter in the previous year, the company posted $1.42 earnings per share. The company’s revenue for the quarter was down 4.0% on a year-over-year basis. Analysts expect that Norfolk Southern will post $5.52 EPS for the current fiscal year.
NSC has been the subject of a number of other recent research reports. Analysts at Barclays Capital reiterated an “equal weight” rating on shares of Norfolk Southern in a research note to investors on Tuesday, March 12th. They now have a $75.00 price target on the stock. Separately, analysts at RBC Capital reiterated an “outperform” rating on shares of Norfolk Southern in a research note to investors on Thursday, March 7th. They now have a $78.00 price target on the stock. Finally, analysts at RBC Capital reiterated an “outperform” rating on shares of Norfolk Southern in a research note to investors on Tuesday, February 12th. They now have a $78.00 price target on the stock.
Eleven equities research analysts have rated the stock with a buy rating, four have issued an overweight rating, and fifteen have assigned a hold rating to the company. The company has a consensus rating of “overweight” and a consensus price target of $75.83.
Norfolk Southern Corporation (Norfolk Southern) is a Virginia based company that controls a railroad, Norfolk Southern Railway Company.
To view TheStreet’s full report, visit www.thestreetratings.com
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