Norfolk Southern Corp. (NYSE: NSC) has a higher price-to-earnings ratio of 30.94x compared to its average ratio. NSC has 36-month beta value of 1.29. Analysts have mixed views on the stock, with 4 analysts rating it as a “buy,” 4 as “overweight,” 17 as “hold,” and 2 as “sell.”
The public float for NSC is 225.77M, and currently, short sellers hold a 0.93% ratio of that float. The average trading volume of NSC on April 05, 2024 was 1.36M shares.
NSC) stock’s latest price update
Norfolk Southern Corp. (NYSE: NSC)’s stock price has plunge by -1.32relation to previous closing price of 251.83. Nevertheless, the company has seen a -1.28% plunge in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-04-03 that Norfolk Southern’s (NSC) dedication to rewarding shareholders despite challenges is commendable. However, declining revenues, a worsening operating ratio and elevated labor costs are major headwinds.
NSC’s Market Performance
Norfolk Southern Corp. (NSC) has experienced a -1.28% fall in stock performance for the past week, with a -3.44% drop in the past month, and a 6.67% rise in the past quarter. The volatility ratio for the week is 1.92%, and the volatility levels for the past 30 days are at 1.83% for NSC. The simple moving average for the last 20 days is -2.70% for NSC stock, with a simple moving average of 10.72% for the last 200 days.
Analysts’ Opinion of NSC
Many brokerage firms have already submitted their reports for NSC stocks, with TD Cowen repeating the rating for NSC by listing it as a “Market Perform.” The predicted price for NSC in the upcoming period, according to TD Cowen is $253 based on the research report published on March 21, 2024 of the current year 2024.
UBS, on the other hand, stated in their research note that they expect to see NSC reach a price target of $302, previously predicting the price at $238. The rating they have provided for NSC stocks is “Buy” according to the report published on March 04th, 2024.
Barclays gave a rating of “Overweight” to NSC, setting the target price at $305 in the report published on February 21st of the current year.
NSC Trading at -1.48% from the 50-Day Moving Average
After a stumble in the market that brought NSC to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -5.75% of loss for the given period.
Volatility was left at 1.83%, however, over the last 30 days, the volatility rate increased by 1.92%, as shares sank -2.31% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +2.88% upper at present.
During the last 5 trading sessions, NSC fell by -1.28%, which changed the moving average for the period of 200-days by +10.87% in comparison to the 20-day moving average, which settled at $255.12. In addition, Norfolk Southern Corp. saw 5.13% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at NSC starting from Shaw Alan H., who sale 2,000 shares at the price of $209.55 back on Jun 01 ’23. After this action, Shaw Alan H. now owns 30,654 shares of Norfolk Southern Corp., valued at $419,100 using the latest closing price.
Stock Fundamentals for NSC
Current profitability levels for the company are sitting at:
- 0.23 for the present operating margin
- 0.5 for the gross margin
The net margin for Norfolk Southern Corp. stands at 0.15. The total capital return value is set at 0.07. Equity return is now at value 14.30, with 4.48 for asset returns.
Based on Norfolk Southern Corp. (NSC), the company’s capital structure generated 0.58 points at debt to capital in total, while cash flow to debt ratio is standing at 0.18. The debt to equity ratio resting at 1.37. The interest coverage ratio of the stock is 3.95.
Currently, EBITDA for the company is 2.85 billion with net debt to EBITDA at 4.6. When we switch over and look at the enterprise to sales, we see a ratio of 5.93. The receivables turnover for the company is 10.6for trailing twelve months and the total asset turnover is 0.29. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.24.
Conclusion
To put it simply, Norfolk Southern Corp. (NSC) has had a mixed performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
