Norfolk Southern Corp (NYSE:NSC)’s traded shares stood at 1.99 million during the latest session, with the company’s beta value hitting 1.30. At the last check today, the stock’s price was $279.54, to imply a decrease of -0.26% or -$0.73 in intraday trading. The NSC share’s 52-week high remains $281.19, putting it -0.59% down since that peak but still an impressive 27.87% since price per share fell to its 52-week low of $201.63. The company has a valuation of $63.02B, with an average of 2.1 million shares in intraday trading volume over the past 10 days and average of 1.40 million shares over the past 3 months.
Analysts have given a consensus recommendation of Buy for Norfolk Southern Corp (NSC), translating to a mean rating of 2.17. Of 24 analyst(s) looking at the stock, 1 analyst(s) give NSC a Sell rating. 0 of those analysts rate the stock as Overweight while 4 advise Hold as 19 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at 3.3.
Norfolk Southern Corp (NYSE:NSC) trade information
After registering a -0.26% downside in the latest session, Norfolk Southern Corp (NSC) has traded red over the past five days. The 5-day price performance for the stock is 3.61%, and 8.58% over 30 days. With these gigs, the year-to-date price performance is 22.59%. Short interest in Norfolk Southern Corp (NYSE:NSC) saw shorts transact 3.01 million shares and set a 2.23 days time to cover.
The extremes give us $255 and $293 for target low and target high price respectively. As such, NSC has been trading -4.82% off suggested target high and 8.78% from its likely low.
Norfolk Southern Corp (NSC) estimates and forecasts
The rating firms project that company’s revenue will grow 1.86% compared to the previous financial year.
Revenue forecast for the current quarter as set by 18 analysts is 3.13B. Meanwhile, for the current quarter, a total of 17 analyst(s) estimate revenue growth to 3.12B.Earnings reports from the last fiscal year show that sales brought in 3.04B and 3.05B respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 2.89% before jumping 2.18% in the following quarter.
An assessment of the company’s 5-year growth patterns shows that annual earnings grew an estimated 2.46% for the past 5-year period. While 2025 is set for a 6.91% return in earnings, projections for the next 5 years are at 10.42% annually.
NSC Dividends
Norfolk Southern Corp has its next earnings report out on 2025-Apr-23. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. Norfolk Southern Corp has a forward dividend ratio of 5.40, with the share yield ticking at 1.93% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 2.0%.
Norfolk Southern Corp (NYSE:NSC)’s Major holders
Norfolk Southern Corp insiders hold 0.07% of total outstanding shares, with institutional holders owning 79.23% of the shares at 79.28% float percentage. In total, 79.23% institutions holds shares in the company, led by VANGUARD GROUP INC. As of 2024-06-30, the company held over 19.73 million shares (or 8.7319% of shares), all amounting to roughly $4.24 billion.
The next major institution holding the largest number of shares is BLACKROCK INC. with 14.35 million shares, or about 6.3512% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $3.08 billion.
