When looking at valuations, Norfolk Southern Corporation (NSC) has a cheap P/E of 17.72x as compared to industry average of 22.3x. It trades for 15.74 times the next 12 months of expected earnings. It is trading at rather expensive levels at just over 2.89x price/book and 3.98x price/sales. Compared to others, Norfolk Southern Corporation is in a different league with regards to profitability, having net margins of 52.8%. To put some perspective around this, the industry’s average net margin is 9.26%. NSC’s ROE is 36.6%, which is considerably better than the industry’s ROE of 12.62%. It’s not liquid in the near term, with a current ratio of 0.9. The stock has a debt/capital of 0.72.
Norfolk Southern Corporation (NYSE:NSC) is now worth $44.68B thanks to -2.23% drop in recent trade and currently has a price tag of $162.19. The shares traded as low as $157.86 and had $163.51 an intraday high earlier Thursday. Trading activity significantly improved as the volume at ready counter increased to 3,569,750 shares versus 2,146,105 in average daily trading volume over the past 20 days. So far this year, the volume has averaged about 1,874,560 shares. The stock is now 26.92% above against its bear-market low of $127.79 on April 06, 2018. It has retreated -15.24% since it’s 52-week high of $186.91 reached in September. Now the market price is up 16.82% on the year and up 11.93% YTD.
NSC’s 50 day simple moving average (SMA 50) price is $170.11 and its 200-day simple moving average (SMA 200) price is $158.48. The company’s stock currently has a total float of 272.07M shares. Its weekly volatility is hovering around 2.89% and felt 2.58% volatility in price over a month. On the upside, the share price will test short term resistance at around $164.51. On a downside, the stock is likely to find some support, which begins at $158.86. The failure to get near-term support could push it to $155.54.
Separately, it has been reported that multiple insider activity took place at Norfolk Southern Corporation (NSC). EVP & COO Wheeler Michael Joseph sold 801 shares for $9,436 in transaction occurred on 2018/11/07. After making this transaction, the EVP & COO owns a direct stake of 138,213 shares, worth $1,530,425, as per the last closing price. On 2018/08/29 Earhart Cynthia C, Exec. VP Finance and CFO at NSC, dumped 2,370 shares at an average price of $175.09 per share. The selling total is valued at $8,386,196.
Chairman, President and CEO, Squires James A had divested 34,077 shares for $105,133 through a trade on 2018/08/13. Following this activity, the insider holds 5,852,043 shares worth $17,051,521 as of recent close. Wall Street’s most bullish Norfolk Southern Corporation (NYSE:NSC) analysts are predicting the share price to blow past $214 per share during the next 12 months. The current median share price forecast by them is $189.5, suggesting that the stock could increase 16.84% in that time frame. The average price target of $187.95 calls for a nearly 15.88% increase in the stock price.
It had seen a positive analyst call from TD Securities, which upgraded the stock from Hold to Buy on October 25. Analysts at Loop Capital, shed their negative views on October 24 by lifting it fromHold to Buy. The stock lost favor of BofA/Merrill analysts who expressed their lack of confidence in it using a downgrade from Buy to Neutral on October 18. Loop Capital analysts came out with bullish views on July 26 when the call was made. They think the stock is now Hold compared to to their prior call for Sell.
Shares of Norfolk Southern Corporation (NSC) have gained 5.7% since the company’s last earnings report. Over the past 12 fiscal quarters, Norfolk Southern Corporation (NYSE:NSC) has topped consensus earnings estimates in 11 quarters (91%), missed earnings in 1 quarters (8%), whereas at 0 occasion EPS met analyst expectations. NSC last reported earnings on October 24, 2018 when it released Sep-18 results that exceeded expectations. The company raked in $2.52 per share, -19.49% change on the same period last year. That was better than consensus for $2.44. Revenue for the recent quarter stood at $2.95 billion, up 10% on last year and above the $2.91 billion predicted by analysts. For this quarter, Wall Street analysts forecast revenue in a range of $2.84 billion to $2.97 billion, which should be compared with $2.74 billion generated last year. EPS is seen in a range of $2.21 to $2.44, against the $1.73 reported a year ago.