News articles about Norfolk Southern (NYSE:NSC) have trended somewhat positive on Sunday, according to Accern. The research firm scores the sentiment of press coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Norfolk Southern earned a daily sentiment score of 0.19 on Accern’s scale. Accern also gave headlines about the railroad operator an impact score of 45.8365449724934 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
These are some of the news headlines that may have effected Accern Sentiment’s scoring:
A number of equities research analysts have recently issued reports on the stock. Cowen reissued an “outperform” rating and issued a $165.00 price target (up from $143.00) on shares of Norfolk Southern in a research note on Thursday, January 25th. Loop Capital reduced their price target on shares of Norfolk Southern from $139.00 to $135.00 and set a “sell” rating on the stock in a research note on Thursday, March 15th. Credit Suisse Group reissued an “outperform” rating and issued a $166.00 price target (down from $178.00) on shares of Norfolk Southern in a research note on Thursday, March 8th. Zacks Investment Research raised shares of Norfolk Southern from a “hold” rating to a “buy” rating and set a $166.00 price target on the stock in a research note on Monday, January 29th. Finally, Morgan Stanley boosted their price target on shares of Norfolk Southern from $77.00 to $100.00 and gave the company an “underweight” rating in a research note on Thursday, January 25th. Three equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and seven have issued a buy rating to the company’s stock. Norfolk Southern currently has a consensus rating of “Hold” and an average target price of $139.60.
NSC traded down $4.34 during trading hours on Friday, hitting $129.36. 2,298,519 shares of the company’s stock were exchanged, compared to its average volume of 1,909,193. Norfolk Southern has a 12-month low of $111.07 and a 12-month high of $157.15. The company has a market cap of $36,737.85, a P/E ratio of 19.57, a PEG ratio of 1.28 and a beta of 1.31. The company has a quick ratio of 0.76, a current ratio of 0.84 and a debt-to-equity ratio of 0.56.
Norfolk Southern (NYSE:NSC) last posted its quarterly earnings results on Wednesday, January 24th. The railroad operator reported $1.69 EPS for the quarter, topping the consensus estimate of $1.56 by $0.13. Norfolk Southern had a net margin of 51.22% and a return on equity of 14.16%. The company had revenue of $2.67 billion during the quarter, compared to analysts’ expectations of $2.66 billion. During the same quarter in the previous year, the business posted $1.42 EPS. The firm’s revenue was up 7.2% on a year-over-year basis. research analysts forecast that Norfolk Southern will post 8.42 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Saturday, March 10th. Shareholders of record on Friday, February 2nd were issued a dividend of $0.72 per share. This represents a $2.88 annualized dividend and a yield of 2.23%. The ex-dividend date was Thursday, February 1st. This is a boost from Norfolk Southern’s previous quarterly dividend of $0.61. Norfolk Southern’s payout ratio is 43.57%.
In other Norfolk Southern news, COO Michael Joseph Wheeler sold 1,699 shares of the business’s stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $143.62, for a total transaction of $244,010.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Thomas E. Hurlbut sold 1,000 shares of the business’s stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $142.90, for a total transaction of $142,900.00. The disclosure for this sale can be found here. Insiders have sold a total of 13,166 shares of company stock valued at $1,958,040 in the last quarter. 0.36% of the stock is currently owned by company insiders.
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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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