Norfolk Southern Corporation Co (NYSE:NSC):
Norfolk Southern’s EVP and CLO Hixon to retire; Galanko and Scheib are promoted..
The company is up by 0.88 percent from yesterday’s close.
Additionally the company recently announced a dividend for shareholders paid on Saturday the 10th of September 2016. The dividend was $0.590 per share for the quarter which is $2.36 annualized. The dividend yield was $2.52. The ex-dividend date was Thursday the 4th of August 2016.
Company chares are trading at $95.31 which is slightly above the 50 day moving average of $91.99 and barely above the 200 day moving average of $87.32. The 50 day moving average was up by +3.52% whereas the 200 day moving average was up $7.91 or +9.06%.
Norfolk Southern Corporation Co’s P/E ratio is 17.84 and market cap is 27.95B. As of the last earnings report the EPS was $5.34 and is projected to be $5.45 for the current year with 293,549,000 shares presently outstanding. Next quarter’s EPS is expected be $1.34 and the next full year EPS is anticipated to be $6.08.
Several investment analysts have released ratings on the company. On September 13 Citigroup held the stock rating at “Neutral” and raised the price expectation to $97.00 from $91.00. On July 28 Deutsche Bank kept the company rating at “Outperform” but raised the price target from $86.00 to $97.00.
On July 28 Credit Suisse left the stock rating at “Outperform” and raised the price target to $97.00 from $91.00. Oppenheimer added the stock to its research portfolio with an initial rating of “Market Perform”.
Equity analyst Morgan Stanley started coverage setting a rating of “Underweight”. On May 19, 2016 CLSA began coverage by announcing an initial rating of “Outperform”.