Media stories about Norfolk Southern (NYSE:NSC) have trended somewhat positive on Wednesday, according to Accern Sentiment. The research group identifies negative and positive media coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Norfolk Southern earned a news impact score of 0.15 on Accern’s scale. Accern also gave news coverage about the railroad operator an impact score of 46.0523949212796 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
These are some of the media stories that may have impacted Accern Sentiment’s scoring:
- Book reviews: Railroading for railroaders (railwayage.com)
- New company to locate at South Carolina inland port (pilotonline.com)
- Charleston ports agency lands another business to serve Dillon facility (postandcourier.com)
- PATH 400, Buckhead greenspace expand with guidance from Livable Buckhead (saportareport.com)
- Valuation Today: Norfolk Southern Corporation (NYSE: NSC) (tradingnewsnow.com)
NSC has been the topic of several recent research reports. Royal Bank of Canada reissued a “hold” rating and set a $145.00 price target on shares of Norfolk Southern in a research report on Tuesday, April 10th. TD Securities boosted their price target on shares of Norfolk Southern from $155.00 to $160.00 and gave the company a “hold” rating in a research report on Thursday, April 26th. Cowen reissued a “buy” rating and set a $167.00 price target on shares of Norfolk Southern in a research report on Wednesday, April 25th. Zacks Investment Research cut shares of Norfolk Southern from a “buy” rating to a “hold” rating in a research report on Tuesday, March 13th. Finally, Credit Suisse Group boosted their price target on shares of Norfolk Southern from $155.00 to $165.00 and gave the company an “outperform” rating in a research report on Thursday, April 26th. Three equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and ten have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $148.67.
Shares of NSC opened at $150.93 on Wednesday. The stock has a market cap of $43.01 billion, a PE ratio of 21.50, a price-to-earnings-growth ratio of 1.48 and a beta of 1.31. Norfolk Southern has a 1 year low of $111.44 and a 1 year high of $158.58. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.94 and a current ratio of 1.04.
Norfolk Southern (NYSE:NSC) last issued its quarterly earnings results on Wednesday, April 25th. The railroad operator reported $1.93 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.77 by $0.16. The business had revenue of $2.72 billion for the quarter, compared to analysts’ expectations of $2.68 billion. Norfolk Southern had a net margin of 51.65% and a return on equity of 14.04%. The business’s quarterly revenue was up 5.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.48 earnings per share. analysts predict that Norfolk Southern will post 8.59 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Monday, June 11th. Stockholders of record on Friday, May 4th were given a dividend of $0.72 per share. The ex-dividend date was Thursday, May 3rd. This represents a $2.88 annualized dividend and a dividend yield of 1.91%. Norfolk Southern’s dividend payout ratio is presently 43.57%.
In other news, COO Michael Joseph Wheeler sold 2,000 shares of the stock in a transaction dated Wednesday, May 16th. The shares were sold at an average price of $151.33, for a total transaction of $302,660.00. Following the sale, the chief operating officer now owns 10,207 shares of the company’s stock, valued at $1,544,625.31. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Cynthia C. Earhart sold 6,588 shares of the stock in a transaction dated Thursday, May 10th. The stock was sold at an average price of $150.93, for a total transaction of $994,326.84. Following the sale, the chief financial officer now directly owns 6,588 shares in the company, valued at approximately $994,326.84. The disclosure for this sale can be found here. Insiders have sold 14,110 shares of company stock worth $2,118,405 in the last three months. Corporate insiders own 0.23% of the company’s stock.
Norfolk Southern Company Profile
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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