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Friday, December 2, 2022

Norfolk Southern Corporation (NYSE: NSC): Is It A Buying Opportunity Again?

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. After-hours trades for Norfolk Southern Corporation (NSC) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$7.06, or -3.14%, to $217.65. Volume reached 22,836 shares, with price reaching a high of $217.65 and a low of $217.65. The stock was recently discussed on Yahoo Finance as it revealed that Norfolk Southern honors 48 customers with Thoroughbred Chemical Safety Award.


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Stocks Info

NSC belongs to the Industrials sector of the NYSE while operating in the Railroads industry. At the end of the last regular session, the stock closed at $217.65 and fluctuated between $222.13 as its day high and $216.03 as its day low. The current market capitalization of Norfolk Southern Corporation is $52.78B. A total of 1.4 million shares were traded on the day, compared to an average of 1.22M shares.

Insider Activity

Investors also take into account insider trades in predicting how the stock will perform in the future. During the recent three months, NSC has seen 1 BUY and 6 SELL insider trades, representing the acquisition of 105,420 and the disposition of 107,517 shares. Over the last 12 months, there were 46 BUYs and 60 SELLs from insiders. Insiders purchased 214,061 shares during that period but sold 215,617.

In the most recent transaction, Shaw Alan H. sold 2,000 shares of NSC for 241.28 per share on Sep 01. After the transaction, the President & CEO now owns 32,255 company shares. In a previous transaction on Aug 02, Squires James A sold 105,420 shares at 248.81 per share. NSC shares that Director owns now total 42,728.

Among the insiders who sold shares, Shaw Alan H. disposed of 1,000 shares on Jun 01 at a per-share price of $241.84. This resulted in the President & CEO holding 34,255 shares of NSC after the transaction. In another insider transaction, Squires James A sold 27,871 shares at $247.54 per share on May 16. Company shares held by the Director now total 62,728.

Dividend

Paying dividends generates immediate cash flow for investors and indicates a positive outlook for the company. Norfolk Southern Corporation pays an annual dividend of $4.96, resulting in a dividend yield of 2.28%, and it has a price to earnings (P/E) ratio of 17.34. NSC’s most recent ex-dividend date was 08/05/2022 when it declared a $1.24 quarterly dividend that was paid in cash on 08/20/2022. Previously, the company paid the dividend on 05/20/2022 with an ex-dividend date of 05/05/2022. The dividend was $1.24 per share in cash.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. According to analysts who have offered 12-month price targets for NSC in the last 3 months, the mean price target is $264.08 with high estimates of $316.00 and low estimates of $196.00. In terms of 52-week highs and lows, NSC has a high of $299.20 and a low of $217.00.

The company reported an EPS of $3.45 in the last quarter, which was 0.29% higher than expectations of $3.44.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Currently, 27 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for NSC is Sell with a score of 3.59. A total of 12 analysts rated the stock as Buy while 1 rated it as Overweight while 12 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 2 thought it should be Sold.

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