Norfolk Southern (NYSE:NSC) had its target price hoisted by stock analysts at Loop Capital to $179.00 in a research report issued on Thursday, The Fly reports. The brokerage currently has a “hold” rating on the railroad operator’s stock. Loop Capital’s target price points to a potential upside of 2.83% from the company’s previous close.

Several other research analysts have also issued reports on the company. BMO Capital Markets raised their target price on Norfolk Southern from $156.00 to $160.00 and gave the stock a “market perform” rating in a research report on Thursday, April 26th. Scotiabank set a $175.00 target price on Norfolk Southern and gave the stock a “buy” rating in a research report on Wednesday, July 25th. Stifel Nicolaus raised their target price on Norfolk Southern from $159.00 to $176.00 and gave the stock a “hold” rating in a research report on Thursday, July 26th. Citigroup raised Norfolk Southern from a “neutral” rating to a “buy” rating and set a $176.00 target price for the company in a research report on Monday, June 25th. Finally, ValuEngine raised Norfolk Southern from a “hold” rating to a “buy” rating in a research report on Thursday, April 26th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and nine have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $164.42.

Shares of NSC opened at $174.07 on Thursday. Norfolk Southern has a 52 week low of $116.77 and a 52 week high of $175.00. The firm has a market capitalization of $48.15 billion, a PE ratio of 26.33, a PEG ratio of 1.58 and a beta of 1.39. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.81 and a quick ratio of 0.70.

Norfolk Southern (NYSE:NSC) last announced its quarterly earnings results on Wednesday, July 25th. The railroad operator reported $2.50 EPS for the quarter, beating the Zacks’ consensus estimate of $2.31 by $0.19. Norfolk Southern had a return on equity of 14.53% and a net margin of 52.36%. The company had revenue of $2.90 billion during the quarter, compared to analysts’ expectations of $2.87 billion. During the same period in the prior year, the company earned $1.71 EPS. Norfolk Southern’s revenue was up 9.9% compared to the same quarter last year. analysts expect that Norfolk Southern will post 9.06 EPS for the current year.

In other news, Chairman James A. Squires sold 34,077 shares of Norfolk Southern stock in a transaction dated Monday, August 13th. The stock was sold at an average price of $171.73, for a total value of $5,852,043.21. Following the completion of the transaction, the chairman now directly owns 63,958 shares of the company’s stock, valued at approximately $10,983,507.34. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.23% of the company’s stock.

Hedge funds have recently bought and sold shares of the company. Kaizen Advisory LLC grew its stake in shares of Norfolk Southern by 138.0% in the 2nd quarter. Kaizen Advisory LLC now owns 664 shares of the railroad operator’s stock valued at $100,000 after buying an additional 385 shares during the period. Marshall & Sullivan Inc. WA acquired a new stake in shares of Norfolk Southern in the 2nd quarter valued at about $102,000. Highlander Capital Management LLC acquired a new stake in shares of Norfolk Southern in the 1st quarter valued at about $106,000. Sun Life Financial INC grew its stake in shares of Norfolk Southern by 336.4% in the 2nd quarter. Sun Life Financial INC now owns 768 shares of the railroad operator’s stock valued at $116,000 after buying an additional 592 shares during the period. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors acquired a new stake in shares of Norfolk Southern in the 2nd quarter valued at about $117,000. 73.24% of the stock is owned by hedge funds and other institutional investors.

About Norfolk Southern

Norfolk Southern Corporation, together with its subsidiaries, engages in the rail transportation of raw materials, intermediate products, and finished goods. It also transports overseas freight through various Atlantic and Gulf Coast ports, as well as coal, automotive, and industrial products; and provides commuter passenger services.

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Analyst Recommendations for Norfolk Southern (NYSE:NSC)

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