Norfolk Southern Corporation (NYSE:NSC) finished Friday with a subtraction of -$1.79 to close at $246.42, a downside of -0.72 percent. An average of 602,660 shares of common stock have been traded in the last five days. There was a gain of $0.97 in the past week, and it reached a new high 1 time over the past 12 months. The last 20 days have seen an average of 1,140,185 shares traded, while the 50-day average volume stands at 1,386,434.
NSC stock has decreased by -3.93% in the last month. The company shares reached their 1-month lowest point of $236.93 on 12/06/22. With the stock rallying to its 52-week high on 01/03/22, shares of the company touched a low of $203.65 and a high of $299.20 in 52 weeks. It has reached a new high 1 time so far this year and lost -17.23% or -$51.29 in price. In spite of this, the price is down -17.64% from the 52-week high.
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NSC stock investors should be aware that Norfolk Southern Corporation (NSC) stock had its last reported insider trading activity 23 days ago on Dec 08. In this transaction, the insider spent $5,227,765. President & CEO, Shaw Alan H., disposed of 2,000 shares at a price of $258.35 on Dec 01. The insider now owns more than $516,700 worth of shares. Prior to that, President & CEO Shaw Alan H. went on to Sale 2,000 shares at $241.28 each on Sep 01. An amount of $482,560 was transacted.
Norfolk Southern Corporation (NSC) has a trailing price-to-earnings (P/E) ratio of 18.13. The stock’s beta is 1.32. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 4.58, the price-to-book (PB) ratio at 4.41, and the price-to-cash flow ratio at 37.87.
The company has a payout ratio of 35.30%. The company’s most recent quarterly dividend payment was $1.24 a share, without any change from last year. Its latest increase dividend $0.15 reported on Tuesday January 25 2022.
The quick ratio of Norfolk Southern Corporation for the three months ended September 29 was 0.90, and the current ratio was 1.00, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 1.11 and a total debt to equity ratio of 1.16 for the quarter ending September 29. Its gross profit as reported stood at $8.07 billion compared to revenue of $11.14 billion.
For the three-month period that ended September 29, Norfolk Southern Corporation had $14.46 billion in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $958.0 million in the quarter, while revenues were grew 21.4%. The analyst consensus anticipated Norfolk Southern Corporation’s latest quarter earnings to come in at $3.64 per share, but it turned out to be $4.1, a 12.60% surprise. For the quarter, EBITDA amounted to $1.58 billion. Shareholders own equity worth $231.51 million.
From a technical analysis perspective, let’s take a brief look at Norfolk Southern Corporation (NSC) price momentum. RSI 9-day as of the close on 30 December was 46.95%, suggesting the stock is Neutral, with historical volatility in this time frame at 18.50%.
As of today, NSC’s price is $247.49 +0.40% or $0.97 from its 5-day moving average. NSC is currently trading -3.88% lower than its 20-day SMA and -1.17% lower than its 100-day SMA. However, the stock’s current price level is +13.23% above the SMA50 and -9.84% below the SMA200.
The stochastic %K and %D were 29.17% and 33.43%, respectively, and the average true range (ATR) was 5.03. With the 14-day stochastic at 27.33% and the average true range at 5.39, the RSI (14) stands at 49.46%. The stock has reached 0.19 on the 9-day MACD Oscillator while the 14-day reading was at -2.61.
Evercore ISI downgraded Norfolk Southern Corporation (NYSE: NSC) to a an In-line rating in its most recent analyst report. Previously, the stock was rated as an Outperform. The consensus rating for Norfolk Southern Corporation (NSC) among analysts is Overweight. According to current brokerage recommendations, 1 brokerage firm advise that investors sell NSC, while 18 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 9 others rate it as a “buy”.
What is NSC’s price target for the next 12 months?
Analysts predict a range of price targets between $177.00 and $285.00, with a median target of $251.50. Taking a look at these predictions, the average price target given by analysts for Norfolk Southern Corporation (NSC) stock is $249.21.