Norfolk Southern Corporation (NYSE:NSC) finished Wednesday with a subtraction of -$1.58 to close at $218.00, a downside of -0.72 percent. An average of 1,404,760 shares of common stock have been traded in the last five days. There was a fall of -$12.22 in the past week, and it reached a new high 3 times over the past 12 months. The last 20 days have seen an average of 1,282,685 shares traded, while the 50-day average volume stands at 1,164,128.
NSC stock has decreased by -6.04% in the last month. The company shares reached their 1-month lowest point of $217.38 on 08/09/23. With the stock rallying to its 52-week high on 01/18/23, shares of the company touched a low of $196.33 and a high of $264.22 in 52 weeks. It has reached a new high 7 times so far this year and lost -11.53% or -$28.42 in price. In spite of this, the price is down -17.49% from the 52-week high.
Insider Transactions
NSC stock investors should be aware that Norfolk Southern Corporation (NSC) stock had its last reported insider trading activity 70 days ago on Jun 01. In this transaction, the insider spent $419,100. President & CEO, Shaw Alan H., disposed of 2,000 shares at a price of $224.16 on Mar 01. The insider now owns more than $448,320 worth of shares. Prior to that, Director Squires James A went on to Sale 21,272 shares at $245.76 each on Dec 08. An amount of $5,227,765 was transacted.
Valuation Metrics
Norfolk Southern Corporation (NSC) has a trailing price-to-earnings (P/E) ratio of 19.62. The stock’s beta is 1.28. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 3.95, the price-to-book (PB) ratio at 3.92, and the price-to-cash flow ratio at 62.04.
The company has a payout ratio of 46.50%. The company’s most recent quarterly dividend payment was $1.35 a share, without any change from last year. Its latest increase dividend $0.11 reported on Tuesday January 24 2023.
Financial Health
The quick ratio of Norfolk Southern Corporation for the three months ended June 29 was 0.60, and the current ratio was 0.70, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 1.15 and a total debt to equity ratio of 1.20 for the quarter ending June 29. Norfolk Southern Corporation’s EBITDA margin for the year ending June 29 is 46.72%, while its operating margin for the same period stands at 29.50%. Its gross profit as reported stood at $8.65 billion compared to revenue of $12.74 billion.
Earnings Surprise
For the three-month period that ended June 29, Norfolk Southern Corporation had $14.59 billion in total debt. In the quarter under review, the net income was down than the previous quarter. The company posted a net income of $356.0 million in the quarter, while revenues were shrunk -130.06%. The analyst consensus anticipated Norfolk Southern Corporation’s latest quarter earnings to come in at $3.11 per share, but it turned out to be $2.95, a -5.10% surprise. For the quarter, EBITDA amounted to $897.0 million. Shareholders own equity worth $227.01 million.
Technical Picture
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 09 August was 20.19%, suggesting the stock is oversold, with historical volatility in this time frame at 11.18%.
As of today, NSC’s price is $222.76 -5.31% or -$12.22 from its 5-day moving average. NSC is currently trading -5.62% lower than its 20-day SMA and +5.09% higher than its 100-day SMA. However, the stock’s current price level is +3.53% above the SMA50 and +6.41% above the SMA200.
The stochastic %K and %D were 4.76% and 6.26%, respectively, and the average true range (ATR) was 3.98. With the 14-day stochastic at 2.87% and the average true range at 3.97, the RSI (14) stands at 30.74%. The stock has reached -6.96 on the 9-day MACD Oscillator while the 14-day reading was at -9.81.
Analyst Ratings
Vertical Research upgraded Norfolk Southern Corporation (NYSE: NSC) to a a Buy rating in its most recent analyst report. Previously, the stock was rated as a Hold. The consensus rating for Norfolk Southern Corporation (NSC) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell NSC, while 15 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 14 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 $280.00, with a median target of $255.00. Taking a look at these predictions, the average price target given by analysts for Norfolk Southern Corporation (NSC) stock is $249.68.
