Home  »  Company   »  Norfolk Southern Corporation (NSC) Investors To Re...

Norfolk Southern Corporation (NSC) Investors To Reap Good Returns Once Again

Norfolk Southern Corporation (NYSE:NSC) has a beta value of 1.33 and has seen 0.85 million shares traded in the recent trading session. The company, currently valued at $58.36B, closed the recent trade at $241.42 per share which meant it lost -$14.46 on the day or -5.65% during that session. The NSC stock price is -20.76% off its 52-week high price of $291.55 and 15.64% above the 52-week low of $203.65. If we look at the company’s 10-day average daily trading volume, we find that it stood at 1.31 million shares traded. The 3-month trading volume is 1.25 million shares.

The consensus among analysts is that Norfolk Southern Corporation (NSC) is a Hold stock at the moment, with a recommendation rating of 2.70. 1 analysts rate the stock as a Sell, while 0 rate it as Overweight. 20 out of 29 have rated it as a Hold, with 8 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is $3.46.

Top 5 Undervalued Stocks To Own In 2023

Microchip Maker Releases "World's Most Powerful Data Center CPU". It could allow the company who manufactures it to lead the industry as the global microchip shortage continues into the coming year. We've put together a free research report that explains all the details. Not only will you find out why analysts believe this chip manufacturer could lead the pack, you will also discover four more potential winners for the coming year.

Click here to download your Free Research Report…


Norfolk Southern Corporation (NYSE:NSC) trade information

Sporting -5.65% in the red today, the stock has traded in the red over the last five days, with the highest price hit on Tuesday, 01/24/23 when the NSC stock price touched $241.42 or saw a rise of 7.03%. Year-to-date, Norfolk Southern Corporation shares have moved 3.84%, while the 5-day performance has seen it change -0.30%. Over the past 30 days, the shares of Norfolk Southern Corporation (NYSE:NSC) have changed 3.72%. Short interest in the company has seen 2.25 million shares shorted with days to cover at 1.83.

Wall Street analysts have a consensus price target for the stock at $252.32, which means that the shares’ value could jump 4.32% from the levels at last check today. The projected low price target is $177.00 while the price target rests at a high of $286.00. In that case, then, we find that the latest price level in today’s session is -18.47% off the targeted high while a plunge would see the stock lose 26.68% from the levels at last check today.

Norfolk Southern Corporation (NSC) estimates and forecasts

Figures show that Norfolk Southern Corporation shares have outperformed across the wider relevant industry. The company’s shares have gained 3.64% over the past 6 months, with this year growth rate of 14.20%, compared to 4.40% for the industry. Other than that, the company has, however, increased its growth outlook for the 2023 fiscal year revenue. Growth estimates for the current quarter are 10.90% and 11.30% for the next quarter. Revenue growth from the last financial year stood is estimated to be 13.60%.

21 analysts offering their estimates for the company have set an average revenue estimate of $3.18 billion for the current quarter. 10 have an estimated revenue figure of $3.08 billion for the next quarter concluding in Mar 2023.

If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 16.60% over the past 5 years. Earnings growth for 2023 is a modest 54.50% while over the next 5 years, the company’s earnings are expected to increase by 8.95%.

NSC Dividends

Norfolk Southern Corporation is expected to release its next earnings report on January 25 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 4.96 at a share yield of 1.94%. The company’s dividend yield has gone up over the past 12 months.

Norfolk Southern Corporation (NYSE:NSC)’s Major holders

Insiders own 0.13% of the company shares, while shares held by institutions stand at 76.58% with a share float percentage of 76.67%. Investors are also buoyed by the number of investors in a company, with Norfolk Southern Corporation having a total of 1,925 institutions that hold shares in the company. The top two institutional holders are Vanguard Group, Inc. (The) with over 18.69 million shares worth more than $4.25 billion. As of Jun 29, 2022, Vanguard Group, Inc. (The) held 7.96% of shares outstanding.

The other major institutional holder is Blackrock Inc., with the holding of over 16.19 million shares as of Jun 29, 2022. The firm’s total holdings are worth over $3.68 billion and represent 6.89% of shares outstanding.

Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and Vanguard 500 Index Fund. As of Jun 29, 2022, the former fund manager holds about 2.99% shares in the company for having 7.02 million shares of worth $1.6 billion while later fund manager owns 5.27 million shares of worth $1.2 billion as of Jun 29, 2022, which makes it owner of about 2.25% of company’s outstanding stock.

Leave a Comment

Your email address will not be published. Required fields are marked *

On Key

Related Posts