The price-to-earnings ratio for Norfolk Southern Corp. (NYSE: NSC) is above average at 31.51x. The 36-month beta value for NSC is also noteworthy at 1.31. 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.”
The public float for NSC is 225.95M, and at present, short sellers hold a 0.86% of that float. The average trading volume of NSC on September 19, 2024 was 1.20M shares.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
NSC) stock’s latest price update
Norfolk Southern Corp. (NYSE: NSC)’s stock price has plunge by 1.24relation to previous closing price of 246.24. Nevertheless, the company has seen a -1.77% plunge in its stock price over the last five trading sessions. ndtv.com reported 2024-09-19 that China will certainly be “high on the agenda” at the Quad Summit set to be hosted by US President Joe Biden in Delaware’s Wilmington on September 21, US National Security Council (NSC) Coordinator for Strategic Communications John Kirby said.
NSC’s Market Performance
Norfolk Southern Corp. (NSC) has seen a -1.77% fall in stock performance for the week, with a 3.37% gain in the past month and a 12.32% surge in the past quarter. The volatility ratio for the week is 2.46%, and the volatility levels for the past 30 days are at 2.14% for NSC. The simple moving average for the last 20 days is -0.05% for NSC stock, with a simple moving average of 4.64% 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 “Hold.” The predicted price for NSC in the upcoming period, according to TD Cowen is $253 based on the research report published on July 26, 2024 of the current year 2024.
Morgan Stanley, on the other hand, stated in their research note that they expect to see NSC reach a price target of $175. The rating they have provided for NSC stocks is “Underweight” according to the report published on July 08th, 2024.
Wells Fargo gave a rating of “Overweight” to NSC, setting the target price at $270 in the report published on June 07th of the current year.
NSC Trading at 3.51% 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 -5.45% of loss for the given period.
Volatility was left at 2.14%, however, over the last 30 days, the volatility rate increased by 2.46%, as shares surge +3.54% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +16.63% upper at present.
During the last 5 trading sessions, NSC fell by -1.77%, which changed the moving average for the period of 200-days by +14.27% in comparison to the 20-day moving average, which settled at $249.85. In addition, Norfolk Southern Corp. saw 5.46% 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 proposed sale 51,325 shares at the price of $255.98 back on Sep 13 ’24. After this action, Shaw Alan H. now owns shares of Norfolk Southern Corp., valued at $13,137,927 using the latest closing price.
Fahmy Sameh, the Director of Norfolk Southern Corp., purchase 700 shares at $245.15 during a trade that took place back on Aug 01 ’24, which means that Fahmy Sameh is holding 7,700 shares at $171,603 based on the most recent closing price.
Stock Fundamentals for NSC
Current profitability levels for the company are sitting at:
- 0.2 for the present operating margin
- 0.41 for the gross margin
The net margin for Norfolk Southern Corp. stands at 0.16. The total capital return value is set at 0.06. Equity return is now at value 13.98, with 4.38 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 1.36. The interest coverage ratio of the stock is 3.12.
Currently, EBITDA for the company is 2.85 billion with net debt to EBITDA at 6.78. When we switch over and look at the enterprise to sales, we see a ratio of 6.06. The receivables turnover for the company is 10.17for trailing twelve months and the total asset turnover is 0.28. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.63.
Conclusion
In summary, Norfolk Southern Corp. (NSC) has had a better performance as of late. Analysts have bullish opinions on the stock, with some viewing 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.
