Analysts From Major Brokerage Firms Release Report On Norfolk Southern Corporation (NSC)

The stock of Norfolk Southern Corporation (NYSE:NSC) increased by increased by $3.74 on Friday to finish at $286.54, up 1.32 percent. The last five days have seen an average of 997,720 shares of common stock traded. 25 times new highs were reached in the current year, with a gain of $48.93. The average number of shares traded over the last 20 days was 1,222,545, while the average volume over the last 50 days totaled 1,225,776.

NSC stock appreciated 18.32% since last month. On 10/01/21, the company’s shares reached a one-month low of $239.08. The stock touched a high of $295.14 on 05/10/21, after rallying from a low of $196.15 in 52 weeks. The price of NSC stock has risen by 20.59% or $48.93 this year, reaching a new high 25 times. Still, the stock price is down -2.91% from the 52-week high.

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Insider Transactions

There have been 40 days since Norfolk Southern Corporation (NSC) last reported insider trading activity on Sep 15. On Sep 15, EVP & Chief Marketing Officer Shaw Alan H. sold 1,000 shares at $245.15 each. This transaction resulted in the insider making $245,150. On Jul 29, Shaw Alan H. sold 5,148 shares at a price of US$256.93. After the transaction, the insider now owns 31,869 shares. Director MONGEAU CLAUDE had earlier bought 2,350 shares on Jun 01 for $282.69 a share. The transaction was completed for $664,316.

Valuation Metrics

Norfolk Southern Corporation (NSC) has a trailing price-to-earnings (P/E) ratio of 26.55. This level actually compares unfavorably with the industry at large, as the PE for the Railroads industry stands at about 26.30. Further, its PE also compares favorably with the Industrials sector’s trailing 12 months PE ratio, which comes in at 29.83 right now. The PE ratio of Norfolk Southern Corporation has varied between 34.72 and 6.722 in the last five years. Beta for the stock is 1.32. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 6.64, the price-to-book (PB) ratio of 4.98, and the price-to-cash flow ratio of 43.22.

Norfolk Southern Corporation’s dividend is $4.36 per share per year. With a dividend yield of 1.52%, NSC has a payout ratio of 35.60%. On Aug. 20, the company paid $1.09 per share in dividends, an increase of 10.1% from $0.99 last year. A $0.10 dividend increase was reported on Friday July 30 2021, making it the 1 consecutive year the dividend has increased. Over the last three years, dividends have increased by 54.10%.

For the three months ended June 29, Norfolk Southern Corporation’s quick ratio was 1.00, while its current ratio was 1.10, indicating its ability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 is 0.88, and the total debt to equity ratio is 0.96. As far as profitability goes, gross margin for the trailing twelve months is 52.00% percent. Norfolk Southern Corporation’s EBITDA margin for the year ended June 29 was 46.49%, whereas its operating margin stood at 38.10% for the same period. Based on annual data, it had gross profit of $6.91 billion and revenue of $9.79 billion.

Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. NSC’s return on assets (ROA) during the last 12 months has been 7.10%. There was a 9.00% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 18.60%. ROE has averaged 13.58 in the past year for the broader industry.

Earnings Surprise

According to Norfolk Southern Corporation’s quarterly financial report for the quarter that ended June 29. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $2.8 billion, while revenues rose by 25.51% to $2.64 billion. It was predicted that Norfolk Southern Corporation’s quarterly earnings would be $3.28, but it ended up being $2.96, beating the consensus by 10.80%. EBITDA was $1.46 billion for the quarter. At the end of Norfolk Southern Corporation’s most recent quarter ended June 29, its liabilities totaled 24.44 billion, while its total debt was $13.15 billion. Equity owned by shareholders amounts to $246.97 million.

Technical Picture

Here’s a quick look at Norfolk Southern Corporation’s (NSC) price momentum from a technical perspective. As of 22 October, the RSI 9-day stood at 84.18%, suggesting the stock is Overbought, with a 17.66% historical volatility rate.

The stochastic %K and %D were 94.37% and 94.63% respectively, while the average true range (ATR) was 5.71. Based on the 14-day stochastic reading of 94.37%, the RSI (14) reading is 77.72%. On the 9-day MACD Oscillator, the stock is at 8.64, and the 14-day reading is at 13.24.

Analyst Ratings

In its analyst report released on July 12, 2021, Atlantic Equities began covering Norfolk Southern Corporation (NYSE: NSC). The stock was rated as a Neutral by the brokerage firm. Analysts have assigned Norfolk Southern Corporation (NSC) an Overweight rating. NSC is a stock that is recommended for selling by 2 brokerage firms, while 9 companies recommend holding. The stock is underweighted by 2 analysts. Among the analysts who rate the stock, 1 rate it overweight and 14 others recommend it as a buy.

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

The current consensus forecast for the stock is between $175.00 and $324.00, with a median target price of $297.00. In analyzing these forecasts, the average price target given by analysts for Norfolk Southern Corporation (NSC) is $286.33.


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