Last Updated: 18 Sep 2024
Executive Summary
Norfolk Southern Corporation (NSC) is a leading Class I freight railroad in the United States, with a strong market position and solid financial performance. The company's stock has been performing well in recent years, and analysts are generally positive on its long-term prospects.
Company Overview
Norfolk Southern operates a network of 19,420 route miles in 22 eastern states, the District of Columbia, and has rights in Canada. The company transports a wide range of commodities, including coal, intermodal, and automotive. Norfolk Southern is headquartered in Atlanta, Georgia, and has a market capitalization of $55.86 billion.
Fundamental Analysis
Norfolk Southern's financial performance has been strong in recent years. The company's revenue has grown steadily, and its profit margins have improved. In 2023, the company reported revenue of $12.09 billion and net income of $2.2 billion. Norfolk Southern's earnings per share (EPS) was $7.90 in 2023, and the company's dividend yield is currently 2.19%.
Technical Analysis
Norfolk Southern's stock price has been trading in a range between $178.70 and $260.69 over the past 52 weeks. The stock is currently trading at $246.24, which is above its 50-day and 200-day moving averages. The relative strength index (RSI) is currently at 58.27, which indicates that the stock is overbought.
Short Term Outlook
In the short term, Norfolk Southern's stock price is likely to continue to trade in a range. The company's financial performance is expected to remain strong, but the stock price may be pressured by concerns about the economy.
Long Term Outlook
In the long term, Norfolk Southern's stock price is expected to continue to grow. The company has a strong market position and is well-positioned to benefit from the growth of the U.S. economy.
Analyst Recommendations
Analysts are generally positive on Norfolk Southern's long-term prospects. The consensus analyst rating is "buy," and the average analyst target price is $262.96.
