A share price of Norfolk Southern Corp. [NSC] is currently trading at $234.79, up 3.09%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The NSC shares have gain 9.84% over the last week, with a monthly amount glided 5.84%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Previously, Wells Fargo started tracking the stock with Overweight rating on June 07, 2024, and set its price target to $270. On May 23, 2024, upgrade upgraded it’s rating to Outperform but maintained its price target of $270 on the stock. Jefferies started tracking the stock assigning a Buy rating and suggested a price target of $300 on April 08, 2024. TD Cowen reiterated its recommendation of a Market Perform and raised its price target to $253 on March 21, 2024. UBS upgraded its rating to Buy for this stock on March 04, 2024, and upped its price target to $302. In a note dated February 21, 2024, Barclays upgraded an Overweight rating on this stock and boosted its target price from $255 to $305.
Norfolk Southern Corp. experienced fluctuations in its stock price throughout the past year between $183.09 and $263.66. Currently, Wall Street analysts expect the stock to reach $275.43 within the next 12 months. Norfolk Southern Corp. [NYSE: NSC] shares were valued at $234.79 at the most recent close of the market. An investor can expect a potential return of 17.31% based on the average NSC price forecast.
Analyzing the NSC fundamentals
Trailing Twelve Months sales for Norfolk Southern Corp. [NYSE:NSC] were 12.03B which represents -4.09% decline. Gross Profit Margin for this corporation currently stands at 0.42% with Operating Profit Margin at 0.16%, Pretax Profit Margin comes in at 0.15%, and Net Profit Margin reading is 0.13%. To continue investigating profitability, this company’s Return on Assets is posted at 0.04, Equity is 0.12 and Total Capital is 0.05. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.4.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 230.11 points at the first support level, and at 225.44 for the second support level. However, for the 1st resistance point, the stock is sitting at 237.61, and for the 2nd resistance point, it is at 240.44.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Norfolk Southern Corp. [NYSE:NSC] is 0.68. As well, the Quick Ratio is 0.61, while the Cash Ratio is 0.19. Considering the valuation of this stock, the price to sales ratio is 4.41, the price to book ratio is 4.23 and price to earnings (TTM) ratio is 37.74.
Transactions by insiders
Recent insider trading involved Fahmy Sameh, Director, that happened on Jun 14 ’24 when 2000.0 shares were purchased. Director, Fahmy Sameh completed a deal on Jun 03 ’24 to buy 1500.0 shares. Meanwhile, Director Fahmy Sameh bought 500.0 shares on May 31 ’24.
