Norfolk Southern Corporation Co (NYSE:NSC):
Norfolk Southern reports third-quarter 2016 results.
The company is so far trading up by 1.01 percent from yesterday’s close.
Norfolk Southern Corporation Co also recently announced a dividend that was paid on Saturday the 10th of September 2016. The dividend was $0.590 per share for the quarter which is $2.36 annualized. This dividend represents a yeild of $2.53 which is the dividend as a percentage of the current share price. The ex-dividend date was set for Thursday the 4th of August 2016.
Shares of the company are trading at $92.27 which is slightly below $93.79, the stock’s 50 day moving average and which is just over the 200 day moving average of $89.25. The 50 day moving average moved down $-1.52 and the 200 day average went up $3.02 or +3.38%.
The most current P/E ratio is 17.08 and market capitalization is 26.94B. As of the latest earnings report the EPS was $5.34 and is estimated to be $5.50 for the current year with 291,942,000 shares outstanding. Next quarter’s EPS is forecasted at $1.31 and the next full year EPS is projected to be $6.06.
Several brokerages have issued ratings on the company of late. On October 28 analysts at Seaport Global began coverage with a rating of “Buy”. Equity analyst Avondale Partners raised the price target and downgraded the stock on October 12 changing the price objective from $65.00 to $110.00 and cutting the rating from “Market Perform” to “Buy”.
On October 12 the company was downgraded from “Market Perform” to “Buy” and a price target of $110.00 was set in an announcement from Avondale Partners. Bank of America upgraded the stock and raised the price target on October 11 boosting the price target from $90.00 to $110.00 and setting the rating at “Buy” which had previously been “Buy”.
On October 11 the stock rating was upgraded to “Buy” from “Buy” with a current price target of $110.00 by Bank of America. September 13 investment analysts at Citigroup maintained a company rating of “Neutral” and moved up the price target to $97.00 from $91.00.