In the past week, NSC stock has gone down by -5.50%, with a monthly decline of -7.75% and a quarterly plunge of -15.83%. The volatility ratio for the week is 2.10%, and the volatility levels for the last 30 days are 1.83% for Norfolk Southern Corp. The simple moving average for the last 20 days is -6.36% for NSC stock, with a simple moving average of -8.17% for the last 200 days.
Is It Worth Investing in Norfolk Southern Corp. (NYSE: NSC) Right Now?
Norfolk Southern Corp. (NYSE: NSC) has a price-to-earnings ratio of 33.55x that is above its average ratio. Additionally, the 36-month beta value for NSC is 1.32. There are mixed opinions on the stock, with 4 analysts rating it as a “buy,” 4 rating it as “overweight,” 17 rating it as “hold,” and 2 rating it as “sell.”
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The public float for NSC is 225.77M and currently, short sellers hold a 0.72% ratio of that float. The average trading volume of NSC on June 25, 2024 was 1.26M shares.
NSC) stock’s latest price update
The stock of Norfolk Southern Corp. (NYSE: NSC) has decreased by -4.54 when compared to last closing price of 218.68. Despite this, the company has experienced a -5.50% fall in its stock price over the last five trading sessions. prnewswire.com reported 2024-06-24 that ATLANTA, June 24, 2024 /PRNewswire/ — Less than a year after the issuance of the assessment, Norfolk Southern Corporation (NYSE: NSC) has implemented measures to address the Federal Railroad Administration’s (FRA) recommendations from its 2023 Safety Culture Assessment. The Assessment, issued in August 2023, made recommendations in the areas of communications, training, trust, and going above and beyond regulatory minimums.
Analysts’ Opinion of NSC
Many brokerage firms have already submitted their reports for NSC stocks, with Wells Fargo repeating the rating for NSC by listing it as a “Overweight.” The predicted price for NSC in the upcoming period, according to Wells Fargo is $270 based on the research report published on June 07, 2024 of the current year 2024.
RBC Capital Mkts, on the other hand, stated in their research note that they expect to see NSC reach a price target of $270. The rating they have provided for NSC stocks is “Outperform” according to the report published on May 23rd, 2024.
Jefferies gave a rating of “Buy” to NSC, setting the target price at $300 in the report published on April 08th of the current year.
NSC Trading at -9.33% 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 -20.82% of loss for the given period.
Volatility was left at 1.83%, however, over the last 30 days, the volatility rate increased by 2.10%, as shares sank -8.00% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -15.06% lower at present.
During the last 5 trading sessions, NSC fell by -5.51%, which changed the moving average for the period of 200-days by +6.39% in comparison to the 20-day moving average, which settled at $222.02. In addition, Norfolk Southern Corp. saw -11.69% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at NSC starting from Fahmy Sameh, who purchase 2,000 shares at the price of $219.25 back on Jun 14 ’24. After this action, Fahmy Sameh now owns 7,000 shares of Norfolk Southern Corp., valued at $438,500 using the latest closing price.
Fahmy Sameh, the Director of Norfolk Southern Corp., purchase 1,500 shares at $222.17 during a trade that took place back on Jun 03 ’24, which means that Fahmy Sameh is holding 5,000 shares at $333,255 based on the most recent closing price.
Stock Fundamentals for NSC
Current profitability levels for the company are sitting at:
- 0.16 for the present operating margin
- 0.42 for the gross margin
The net margin for Norfolk Southern Corp. stands at 0.13. The total capital return value is set at 0.05. Equity return is now at value 11.17, with 3.47 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 0.16. The debt to equity ratio resting at 1.4. The interest coverage ratio of the stock is 2.55.
Currently, EBITDA for the company is 2.85 billion with net debt to EBITDA at 6.97. When we switch over and look at the enterprise to sales, we see a ratio of 5.34. The receivables turnover for the company is 10.04for 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 0.68.
Conclusion
In conclusion, Norfolk Southern Corp. (NSC) has seen bad performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
