Norfolk Southern Corporation [NYSE: NSC] price plunged by -5.05 percent to reach at -$12.91. The company report on January 25, 2023 that Norfolk Southern reports Q4 and full-year 2022 results.
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Company reports record railway operating revenue, income from railway operations.
Norfolk Southern Corporation (NYSE: NSC) today announced fourth quarter and full-year 2022 financial results. The company marked fourth quarter and annual records for railway operating revenue and income from railway operations.
A sum of 2643097 shares traded at recent session while its average daily volume was at 1.25M shares. Norfolk Southern Corporation shares reached a high of $251.925 and dropped to a low of $240.17 until finishing in the latest session at $242.97.
The one-year NSC stock forecast points to a potential upside of 3.98. The average equity rating for NSC stock is currently 2.70, trading closer to a bullish pattern in the stock market.
Guru’s Opinion on Norfolk Southern Corporation [NSC]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for NSC shares is $253.04 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on NSC stock is a recommendation set at 2.70. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Wells Fargo have made an estimate for Norfolk Southern Corporation shares, keeping their opinion on the stock as Equal Weight, with their previous recommendation back on January 04, 2023. While these analysts kept the previous recommendation, Evercore ISI raised their target price from $240 to $262. The new note on the price target was released on December 20, 2022, representing the official price target for Norfolk Southern Corporation stock. On November 01, 2022, analysts increased their price target for NSC shares from 221 to 237.
The Average True Range (ATR) for Norfolk Southern Corporation is set at 6.18, with the Price to Sales ratio for NSC stock in the period of the last 12 months amounting to 4.48. The Price to Book ratio for the last quarter was 4.35, with the Price to Cash per share for the same quarter was set at 5.32. Price to Free Cash Flow for NSC in the course of the last twelve months was 37.09 with Quick ratio for the last quarter at 0.90.
NSC Stock Performance Analysis:
Norfolk Southern Corporation [NSC] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -4.59. With this latest performance, NSC shares dropped by -1.01% in over the last four-week period, additionally sinking by -0.67% over the last 6 months – not to mention a drop of -12.07% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for NSC stock in for the last two-week period is set at 40.88, with the RSI for the last a single of trading hit 34.60, and the three-weeks RSI is set at 44.87 for Norfolk Southern Corporation [NSC]. The present Moving Average for the last 50 days of trading for this stock 250.49, while it was recorded at 251.77 for the last single week of trading, and 241.29 for the last 200 days.
Insight into Norfolk Southern Corporation Fundamentals:
Operating Margin for any stock indicates how profitable investing would be, and Norfolk Southern Corporation [NSC] shares currently have an operating margin of +39.18 and a Gross Margin at +39.18. Norfolk Southern Corporation’s Net Margin is presently recorded at +26.95.
Return on Equity for this stock inclined to 21.12, with Return on Assets sitting at 7.77.
Norfolk Southern Corporation’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.90 and a Current Ratio set at 1.00.
NSC Stock EPS
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for NSC. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Norfolk Southern Corporation go to 8.95%.
Norfolk Southern Corporation [NSC] Insider Position Details
There are presently around $41,387 million, or 76.80% of NSC stock, in the hands of institutional investors. The top three institutional holders of NSC stocks are: VANGUARD GROUP INC with ownership of 18,600,558, which is approximately -0.489% of the company’s market cap and around 0.10% of the total institutional ownership; BLACKROCK INC., holding 15,798,474 shares of the stock with an approximate value of $3.84 billion in NSC stocks shares; and JPMORGAN CHASE & CO, currently with $3.42 billion in NSC stock with ownership of nearly 3.092% of the company’s market capitalization.
Positions in Norfolk Southern Corporation stocks held by institutional investors increased at the end of January and at the time of the January reporting period, where 620 institutional holders increased their position in Norfolk Southern Corporation [NYSE:NSC] by around 7,672,019 shares. Additionally, 636 investors decreased positions by around 10,235,316 shares, while 383 investors held positions by with 152,431,788 shares. The mentioned changes placed institutional holdings at 170,339,123 shares, according to the latest SEC report filing. NSC stock had 109 new institutional investments in for a total of 693,400 shares, while 101 institutional investors sold positions of 1,666,353 shares during the same period.