Norfolk Southern Corporation (NSC): What Technical Indicators Show

Norfolk Southern Corporation (NYSE:NSC) saw a downside of -0.17% to close Monday at $264.44 after subtracting -$0.44 on the day. The 5-day average trading volume is 1,420,420 shares of the company’s common stock. It has gained $267.97 in the past week. An average of 1,400,345 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,215,312.

NSC’s 1-month performance is 7.00% or $17.29 on its low of $238.62 reached on 09/21/21. The company’s shares have touched a 52-week low of $196.15 and high of $295.14, with the stock’s rally to the 52-week high happening on 05/10/21. YTD, NSC has achieved 11.29% or $26.83. However, the current price is down -10.40%% from the 52-week high price.


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Insider Transactions

On Sep 15, 27 days have gone by since the last insider trading activity for Norfolk Southern Corporation (NSC). Shaw Alan H. (EVP & Chief Marketing Officer) most recently sold 1,000 shares at $245.15 per share on Sep 15. This transaction cost the insider $245,150. EVP & Chief Marketing Officer, Shaw Alan H., sold 5,148 shares at a price of $256.93 on Jul 29. Then, on May 24, Chairman, President and CEO Squires James A sold 20,000 shares at a price of $278.08 per share. This transaction amounted to $5,561,614.

Valuation Metrics

The company’s PE ratio for the last five years has touched a high of 34.72 and a low of 6.722. NSC stock has a beta of 1.28. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 6.09 while the price-to-book (PB) in the most recent quarter is 4.60, with the price to cash flow ratio at 39.62.

Norfolk Southern Corporation pays an annual dividend of $4.36 per share. Its dividend yield is 1.65% and the payout ratio is 35.60%. NSC’s most recent quarterly dividend payment was made on Aug. 20, when it paid $1.09 a share compared with prior rate of $0.99, up 9.17% from last year’s. The company has boosted its dividend for the last 1 consecutive years with the latest dividend increase of $0.10 reported on Friday July 30 2021. Measured over the last 3 years, the Dividend has been growing by 54.10% yearly.

It is projected that Norfolk Southern Corporation’s next ex-dividend date will be on 5-Nov. NSC is expected to distribute $1.09 as its next dividend.

Norfolk Southern Corporation’s quick ratio for the period ended June 29 was 1.00, with the current ratio over the same period at 1.10 meaning that NSC stock is able to fulfill its debt obligations. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.88, while the total debt to equity was 0.96. In terms of profitability, the gross margin trailing 12 months is 52.00%. while for the period ending June 29; Norfolk Southern Corporation’s operating margin was 38.10%. The firm’s gross profit as reported stood at $6.91 billion against revenue of $9.79 billion.

Earnings Surprise

For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 25.51% to $2.8 billion, while revenue of $2.64 billion was 5.72% off the previous quarter. Analysts expected NSC to announce $2.96 per share in earnings in its latest quarter, but it posted $3.28, representing a 10.80% surprise. EBITDA for the quarter stood at more than $1.46 billion. NSC stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 24.44 billion, with total debt at $14.25 billion. Shareholders hold equity totaling $246.97 million

Technical Picture

Let’s look briefly at Norfolk Southern Corporation (NSC) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 11 October was 71.98% to suggest the stock is trending Overbought, with historical volatility in this time period at 26.13%.

The stock’s 5-day moving average is $261.33, reflecting a +6.68% or $16.56 change from its current price. NSC is currently trading +7.70% above its 20-day SMA, -5.37% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by +2.56% and +13.44% respectively.

Stochastic %K and %D was 87.10% and 88.30% and the average true range (ATR) pointed at 5.62. The RSI (14) points at 65.69%, while the 14-day stochastic is at 87.78% with the period’s ATR at 5.30. The stock’s 9-day MACD Oscillator is pointing at 9.49 and 13.05 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for Norfolk Southern Corporation (NYSE: NSC), Atlantic Equities launched coverage with a Neutral rating. Analysts offering their rating for NSC stock have a consensus rating for the stock as Overweight. Currently, 2 brokerage advisors rate NSC as a “sell,”, while 9 advise that investors “Hold.” 2 analysts have rated the stock as underweight. 1 rates the stock as overweight while 14 have offered a “buy” rating.

What is NSC’s price target for the next 12 months?

Analysts have a consensus price target ranging from a low of $175.00 and a high of $324.00, with their median price target at $297.00. Looking at these predictions, the average price target given by analysts is for Norfolk Southern Corporation (NSC) stock is $286.33.

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