Norfolk Southern (NYSE:NSC) PT Raised to $288.00 at JPMorgan Chase & Co.

Norfolk Southern (NYSE:NSC) had its price objective lifted by JPMorgan Chase & Co. from $283.00 to $288.00 in a note issued to investors on Wednesday, Benzinga reports. The firm currently has an “overweight” rating on the railroad operator’s stock. JPMorgan Chase & Co.‘s price objective would suggest a potential upside of 13.65% from the company’s current price.

Several other equities analysts have also commented on NSC. Susquehanna increased their price objective on shares of Norfolk Southern from $280.00 to $285.00 and gave the company a “neutral” rating in a research report on Wednesday. Royal Bank of Canada increased their price objective on shares of Norfolk Southern from $267.00 to $272.00 and gave the company an “outperform” rating in a research report on Monday, September 30th. Sanford C. Bernstein increased their price objective on shares of Norfolk Southern from $285.00 to $286.00 and gave the company an “outperform” rating in a research report on Wednesday, October 9th. Citigroup raised their target price on shares of Norfolk Southern from $294.00 to $302.00 and gave the stock a “buy” rating in a report on Tuesday. Finally, TD Cowen raised their target price on shares of Norfolk Southern from $251.00 to $253.00 and gave the stock a “hold” rating in a report on Friday, July 26th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $274.16.

Norfolk Southern Price Performance

Shares of NYSE:NSC opened at $253.42 on Wednesday. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.54 and a current ratio of 0.73. The firm has a fifty day moving average price of $248.76 and a 200 day moving average price of $236.88. Norfolk Southern has a fifty-two week low of $183.09 and a fifty-two week high of $263.66. The firm has a market cap of $57.30 billion, a price-to-earnings ratio of 23.80, a P/E/G ratio of 2.48 and a beta of 1.31.

Norfolk Southern (NYSE:NSC) last issued its earnings results on Tuesday, October 22nd. The railroad operator reported $3.25 earnings per share for the quarter, topping analysts’ consensus estimates of $3.11 by $0.14. Norfolk Southern had a net margin of 19.85% and a return on equity of 20.25%. The firm had revenue of $3.10 billion during the quarter, compared to analyst estimates of $3.08 billion. During the same quarter in the prior year, the business earned $2.65 earnings per share. Norfolk Southern’s revenue for the quarter was up 3.3% on a year-over-year basis. As a group, sell-side analysts expect that Norfolk Southern will post 11.78 earnings per share for the current fiscal year.

Insider Buying and Selling at Norfolk Southern

In other Norfolk Southern news, CEO Alan H. Shaw sold 51,325 shares of the firm’s stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $255.98, for a total transaction of $13,138,173.50. Following the transaction, the chief executive officer now owns 35,045 shares of the company’s stock, valued at approximately $8,970,819.10. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Norfolk Southern news, CEO Alan H. Shaw sold 51,325 shares of the firm’s stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $255.98, for a total transaction of $13,138,173.50. Following the transaction, the chief executive officer now owns 35,045 shares of the company’s stock, valued at approximately $8,970,819.10. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Nabanita C. Nag sold 355 shares of the firm’s stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $249.38, for a total transaction of $88,529.90. Following the completion of the sale, the executive vice president now owns 1,488 shares in the company, valued at $371,077.44. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.19% of the company’s stock.

Institutional Trading of Norfolk Southern

A number of institutional investors have recently modified their holdings of NSC. Cedar Wealth Management LLC bought a new stake in shares of Norfolk Southern in the 1st quarter valued at about $27,000. 1620 Investment Advisors Inc. bought a new stake in shares of Norfolk Southern in the 2nd quarter valued at about $27,000. Financial Connections Group Inc. acquired a new stake in Norfolk Southern in the 2nd quarter worth approximately $31,000. HWG Holdings LP acquired a new stake in Norfolk Southern in the 2nd quarter worth approximately $31,000. Finally, Hobbs Group Advisors LLC acquired a new stake in Norfolk Southern in the 2nd quarter worth approximately $34,000. 75.10% of the stock is currently owned by institutional investors.

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 agriculture, forest, and consumer products comprising soybeans, wheat, corn, fertilizers, livestock and poultry feed, food products, food oils, flour, sweeteners, ethanol, lumber and wood products, pulp board and paper products, wood fibers, wood pulp, beverages, and canned goods; chemicals consist of sulfur and related chemicals, petroleum products comprising crude oil, chlorine and bleaching compounds, plastics, rubber, industrial chemicals, chemical wastes, sand, and natural gas liquids; metals and construction materials, such as steel, aluminum products, machinery, scrap metals, cement, aggregates, minerals, clay, transportation equipment, and military-related products; and automotive, including finished motor vehicles and automotive parts, as well as coal.