Norfolk Southern (NYSE:NSC) Stock Rating Lowered by Loop Capital

Finally, Harfst & Associates Inc. increased its position in Norfolk Southern by 58.8% in the second quarter.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business.

Russell Investments Group Ltd. grew its stake in Norfolk Southern Corp. NY now owns 1,099 shares of the railroad operator's stock valued at $134,000 after acquiring an additional 5 shares during the last quarter. Lazard Asset Management LLC now owns 6,343,533 shares of the railroad operator's stock valued at $772,007,000 after acquiring an additional 925,496 shares in the last quarter. Korea Investment CORP increased its stake in shares of Norfolk Southern by 7.8% in the 2nd quarter. The brokerage now has $133.00 target price on the railroad operator's stock. Has $50.67 Million Stake in Norfolk Southern Corp. CME Group Inc. has 336.4 million shares outstanding, and in the last trade has seen ATR around 2.67. The Ionic Capital Management Llc holds 40,000 shares with $4.87M value, down from 52,101 last quarter. Value investors seek stocks with high BTMs for their portfolios.

In related news, COO Michael Joseph Wheeler sold 3,568 shares of Norfolk Southern stock in a transaction dated Thursday, October 26th. The P/B figure is also providing some ideas on whether the shareholders are paying too much for what would be left if the company went bankrupt immediately - but to consider that the company ought to have a lower P/B value. Robeco Institutional Asset Management bought 144,237 shares as the company's stock declined 7.75% while stock markets rallied. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

In other news, VP Thomas E. Hurlbut sold 2,370 shares of the business's stock in a transaction dated Wednesday, November 29th. Following the completion of the transaction, the vice president now owns 6,370 shares of the company's stock, valued at approximately $858,102.70. The disclosure for this sale can be found here. State Street Corp now owns 12,960,797 shares of the railroad operator's stock worth $1,451,226,000 after buying an additional 281,088 shares in the last quarter.

NSC has been the subject of several recent analyst reports. Loop Capital cut Norfolk Southern from a "hold" rating to a "sell" rating and set a $133.00 price objective on the a research note on Monday, November 27th. Norfolk Southern Corporation had a higher price at the close than it did at the open. UBS reissued a buy rating and issued a $133.00 target price on shares of Norfolk Southern in a report on Monday, August 14th. Five investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and six have assigned a buy rating to the stock. Norfolk Southern Corp. had 82 analyst reports since July 28, 2015 according to SRatingsIntel. Eight analysts have made estimates for Norfolk Southern Corp.'s earnings. On December 18, 2017, the Registrant intends to file a Form 25 with the Commission and it is expected that the last day of trading of the Listed Notes on the NYSE will be Wednesday, December 27, 2017. The number of shares that were traded during the day was 2.26 million, which corresponds to its 3-month volume average of 1.51 million shares a day. Staying on top of longer-term price action may help provide investors with a wider range of reference when doing stock analysis. The stock has a market cap of $36.08 billion, a price-to-earnings ratio of 21.42 and a beta of 1.24. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.83 and a quick ratio of 0.73. Norfolk Southern Corp. reported earnings of $1.36 per share during the same quarter last year, which indicates a positive year over year growth rate of 19.1%. The railroad operator reported $1.75 EPS for the quarter, beating the consensus estimate of $1.64 by $0.11. Prudential Public Limited has invested 0% of its portfolio in Norfolk Southern Corporation (NYSE:NSC). Higher percentages mean that the company is better at using its assets. During the same quarter in the prior year, the firm posted $1.55 EPS.

Norfolk Southern Corporation (NSC) have shown a high EPS growth of 0.60% in the last 5 years and has earnings rose of 10.30% yoy.

Norfolk Southern declared that its Board of Directors has approved a share repurchase plan on Tuesday, September 26th that permits the company to buyback 50,000,000 shares. This buyback authorization permits the railroad operator to purchase shares of its stock through open market purchases. Shares buyback programs are often a sign that the company's management believes its stock is undervalued.

Norfolk Southern Corp. The company also recently disclosed a quarterly dividend, which will be paid on Saturday, June 10th. Stockholders of record on Friday, November 3rd will be given a $0.61 dividend.

BML, Inc. (TSE:4694) presently has a current ratio of 2.56. BMO Capital Markets maintained it with "Hold" rating and $137.0 target in Thursday, November 30 report. Norfolk Southern's dividend payout ratio (DPR) is presently 38.36%. Finally, JPMorgan Chase & Co. raised its stake in Norfolk Southern 31.8% in the first quarter. "(NSC)" was first posted by Week Herald and is the sole property of of Week Herald. If you are reading this piece of content on another publication, it was copied illegally and reposted in violation of United States and worldwide copyright & trademark laws.

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