UBS Group Raises Norfolk Southern (NYSE:NSC) Price Target to $235.00

UBS Group Raises Norfolk Southern (NYSE:NSC) Price Target to $235.00

Updated: 1 month, 7 hours, 43 minutes, 41 seconds ago

Norfolk Southern (NYSE:NSC - Get Rating) had its target price hoisted by stock analysts at UBS Group from $229.00 to $235.00 in a report released on Thursday, The Fly reports. UBS Group's price objective suggests a potential upside of 5.80% from the company's current price.

Other equities analysts have also recently issued reports about the stock. JPMorgan Chase & Co. cut shares of Norfolk Southern from an "overweight" rating to a "neutral" rating and decreased their target price for the company from $306.00 to $258.00 in a research note on Tuesday, July 12th. Barclays boosted their target price on shares of Norfolk Southern from $230.00 to $240.00 in a research note on Thursday. Stifel Nicolaus decreased their target price on shares of Norfolk Southern from $275.00 to $271.00 and set a "buy" rating for the company in a research note on Monday, October 17th. Evercore ISI decreased their target price on shares of Norfolk Southern from $278.00 to $266.00 and set an "outperform" rating for the company in a research note on Tuesday, July 12th. Finally, The Goldman Sachs Group decreased their target price on shares of Norfolk Southern from $286.00 to $255.00 and set a "buy" rating for the company in a research note on Monday, October 10th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $258.09.

Norfolk Southern Stock Performance


Shares of NYSE NSC opened at $222.12 on Thursday. The company has a current ratio of 1.10, a quick ratio of 0.98 and a debt-to-equity ratio of 1.10. Norfolk Southern has a 12 month low of $203.65 and a 12 month high of $299.20. The company has a 50 day simple moving average of $230.74 and a two-hundred day simple moving average of $238.64. The stock has a market cap of $52.17 billion, a price-to-earnings ratio of 17.68, a PEG ratio of 1.74 and a beta of 1.32.

Norfolk Southern (NYSE:NSC - Get Rating) last announced its quarterly earnings data on Wednesday, July 27th. The railroad operator reported $3.45 EPS for the quarter, beating the consensus estimate of $3.44 by $0.01. Norfolk Southern had a net margin of 25.57% and a return on equity of 22.42%. The business had revenue of $3.25 billion during the quarter, compared to analysts' expectations of $3.14 billion. During the same period in the previous year, the business posted $3.28 EPS. The business's quarterly revenue was up 16.1% compared to the same quarter last year. As a group, analysts predict that Norfolk Southern will post 13.61 earnings per share for the current year.

Insiders Place Their Bets

In other Norfolk Southern news, Director James A. Squires sold 105,420 shares of the stock in a transaction dated Tuesday, August 2nd. The shares were sold at an average price of $248.81, for a total transaction of $26,229,550.20. Following the completion of the transaction, the director now owns 42,728 shares of the company's stock, valued at $10,631,153.68. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.31% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. boosted its stake in Norfolk Southern by 0.7% during the first quarter. Vanguard Group Inc. now owns 18,556,205 shares of the railroad operator's stock worth $5,292,600,000 after buying an additional 130,569 shares during the period. State Street Corp lifted its position in shares of Norfolk Southern by 4.0% during the first quarter. State Street Corp now owns 10,774,825 shares of the railroad operator's stock worth $3,073,196,000 after purchasing an additional 417,870 shares in the last quarter. Lazard Asset Management LLC lifted its position in shares of Norfolk Southern by 98.5% during the second quarter. Lazard Asset Management LLC now owns 6,465,118 shares of the railroad operator's stock worth $1,469,455,000 after purchasing an additional 3,207,354 shares in the last quarter. Capital International Investors lifted its position in shares of Norfolk Southern by 11.4% during the first quarter. Capital International Investors now owns 6,350,959 shares of the railroad operator's stock worth $1,811,813,000 after purchasing an additional 652,048 shares in the last quarter. Finally, Goldman Sachs Group Inc. lifted its position in shares of Norfolk Southern by 31.4% during the second quarter. Goldman Sachs Group Inc. now owns 2,330,991 shares of the railroad operator's stock worth $529,811,000 after purchasing an additional 557,432 shares in the last quarter. Hedge funds and other institutional investors own 73.44% of the company's stock.

Norfolk Southern Company Profile

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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, scrap paper, beverages, canned goods, and consumer products; chemicals consist of sulfur and related chemicals, petroleum products, chlorine and bleaching compounds, plastics, rubber, industrial chemicals, chemical wastes, and sand; 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.

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