Norfolk Southern Corporation Co (NYSE:NSC):
Norfolk Southern declares quarterly dividend.
The company is now up since yesterday’s close of $91.35.
The company recently announced a dividend for shareholders which was paid on Saturday the 10th of September 2016. The dividend was $0.590 per share for the quarter or $2.36 on an annualized basis. This dividend amount was represent a yeild of $2.62. The ex-dividend date was set for Thursday the 4th of August 2016.
It is trading at $92.27 a tad under $93.79, the stock’s 50 day moving average and which is slightly above the 200 day moving average of $89.25. The 50 day moving average was down $-1.52 or -1.62% and the 200 day average was up $3.02.
The most current P/E ratio is 17.08 and the market value is 26.94B. As of the last earnings report the EPS was $5.40 and is expected to be $5.53 for the current year with 291,942,000 shares presently outstanding. Next quarter’s EPS is forecasted to be $1.31 and the next full year EPS is projected to be $6.06.
Several ratings analysts have released opinions on the stock. Seaport Global began coverage of NSC with a rating of “Buy”. Avondale Partners raised the price target and downgraded the stock on October 12 changing the price target from $65.00 to $110.00 and setting the rating at “Buy” which had previously been “Market Perform”.
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. Equity analyst Bank of America upgraded the stock and raised the price target on October 11 changing the price objective from $90.00 to $110.00 and raising the rating from “Buy” to “Buy”.
On October 11 the stock rating was upgraded to “Buy” from “Buy” with a current price target of $110.00 in a report issued by Bank of America. On September 13 Citigroup made no change to the company rating of “Neutral” and raised the price target to $97.00 from $91.00.