Norfolk Southern (NSC) Earns Hold Rating from BMO Capital Markets

BMO Capital Markets reaffirmed their hold rating on shares of Norfolk Southern (NYSE:NSC) in a research note released on Monday. BMO Capital Markets currently has a $156.00 price target on the railroad operator’s stock.

A number of other equities analysts also recently weighed in on NSC. Stifel Nicolaus reaffirmed a hold rating and set a $124.00 price target on shares of Norfolk Southern in a research note on Tuesday, September 12th. Morgan Stanley reaffirmed an underweight rating and set a $75.00 price target (down previously from $77.00) on shares of Norfolk Southern in a research note on Monday, October 2nd. ValuEngine downgraded shares of Norfolk Southern from a buy rating to a hold rating in a research note on Monday, October 2nd. Citigroup increased their price target on shares of Norfolk Southern from $124.00 to $135.00 and gave the stock a neutral rating in a research note on Wednesday, October 4th. Finally, Aegis reaffirmed a hold rating and set a $125.00 price target (up previously from $120.00) on shares of Norfolk Southern in a research note on Tuesday, October 10th. Four investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and seven have issued a buy rating to the stock. The stock has a consensus rating of Hold and an average price target of $130.75.

Norfolk Southern (NSC) traded up $2.42 during trading hours on Monday, reaching $154.03. 1,780,000 shares of the company’s stock were exchanged, compared to its average volume of 1,510,000. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.73 and a current ratio of 0.83. The stock has a market capitalization of $44,080.00, a P/E ratio of 24.49, a P/E/G ratio of 1.75 and a beta of 1.37. Norfolk Southern has a 12 month low of $105.89 and a 12 month high of $154.64.

Norfolk Southern (NYSE:NSC) last posted its quarterly earnings results on Wednesday, October 25th. The railroad operator reported $1.75 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.64 by $0.11. The company had revenue of $2.67 billion for the quarter, compared to the consensus estimate of $2.65 billion. Norfolk Southern had a net margin of 17.86% and a return on equity of 14.72%. Norfolk Southern’s revenue was up 5.8% on a year-over-year basis. During the same quarter last year, the firm posted $1.55 earnings per share. research analysts anticipate that Norfolk Southern will post 6.47 earnings per share for the current year.

Norfolk Southern announced that its board has initiated a stock repurchase program on Tuesday, September 26th that allows the company to repurchase 50,000,000 shares. This repurchase authorization allows the railroad operator to reacquire shares of its stock through open market purchases. Shares repurchase programs are usually a sign that the company’s leadership believes its shares are undervalued.

In other news, COO Michael Joseph Wheeler sold 3,568 shares of the stock in a transaction on Thursday, October 26th. The shares were sold at an average price of $133.00, for a total value of $474,544.00. Following the completion of the sale, the chief operating officer now owns 15,837 shares of the company’s stock, valued at $2,106,321. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Thomas E. Hurlbut sold 6,175 shares of the stock in a transaction on Wednesday, November 22nd. The stock was sold at an average price of $129.61, for a total transaction of $800,341.75. Following the completion of the sale, the vice president now directly owns 7,568 shares of the company’s stock, valued at approximately $980,888.48. The disclosure for this sale can be found here. Insiders sold 12,113 shares of company stock valued at $1,594,148 in the last three months. Company insiders own 0.36% of the company’s stock.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in NSC. Pinnacle Financial Partners Inc. grew its holdings in Norfolk Southern by 1.7% during the 2nd quarter. Pinnacle Financial Partners Inc. now owns 5,258 shares of the railroad operator’s stock valued at $640,000 after purchasing an additional 90 shares in the last quarter. Savant Capital LLC grew its holdings in Norfolk Southern by 0.5% during the 2nd quarter. Savant Capital LLC now owns 5,627 shares of the railroad operator’s stock valued at $685,000 after purchasing an additional 28 shares in the last quarter. LMR Partners LLP acquired a new stake in Norfolk Southern during the 2nd quarter valued at $978,000. Denver Investment Advisors LLC grew its holdings in Norfolk Southern by 0.5% during the 2nd quarter. Denver Investment Advisors LLC now owns 4,479 shares of the railroad operator’s stock valued at $545,000 after purchasing an additional 21 shares in the last quarter. Finally, Dowling & Yahnke LLC grew its holdings in Norfolk Southern by 10.8% during the 2nd quarter. Dowling & Yahnke LLC now owns 2,305 shares of the railroad operator’s stock valued at $281,000 after purchasing an additional 224 shares in the last quarter. 72.45% of the stock is owned by institutional investors and hedge funds.

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Norfolk Southern Company Profile

Norfolk Southern Corporation is a holding company engaged in the rail transportation business. As of December 31, 2016, the Company operated approximately 19,500 miles of road primarily in the East and Midwest. The Company is engaged in the rail transportation of raw materials, intermediate products and finished goods primarily in the Southeast, East and Midwest.

Analyst Recommendations for Norfolk Southern (NYSE:NSC)

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