Norfolk Southern Corporation NSC Stock Price, Quote & News
An industry with a larger percentage of Zacks Rank #1’s and #2’s will have a better average Zacks Rank than one with a larger percentage of Zacks Rank #4’s and #5’s. The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank. One share of NSC stock can currently be purchased for approximately $200.73. Sign-up to receive the latest news and ratings for Norfolk Southern and its competitors with MarketBeat’s FREE daily newsletter.
Norfolk Southern Corp competes with other major railroads, such as CSX Corp and Union Pacific Corp, as well as other modes of transportation, such as trucking and air freight. The industry is subject to various regulatory and political issues, including environmental regulations, labor laws and trade policies. Norfolk Southern Corp’s stock performance has been relatively strong over the past few years, despite volatility caused by issues concerning rail safety and train derailments.
Use these time-tested investing strategies to grow the monthly retirement income that your stock portfolio generates. Norfolk Southern Corp’s leadership team comprises experienced executives committed to delivering value to the company’s stakeholders. The company’s CEO, Alan H. Shaw, was put into the position in May of 2022. Shaw stepped into the CEO role after being the vice president of marketing for over six years. MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.
If You Invested $1000 In This Stock 20 Years Ago, You Would Have $15,000 Today
Of note, in late 2019, former Canadian National CEO Claude Mongeau ( ) joined Norfolk’s board of directors to help bolster PSR efforts. Norfolk Southern CEO Alan Shaw sits down with ‘Mad Money’ host Jim Cramer to talk the Ohio train derailment, the stock’s behavior, quarterly earnings and more. According to 23 analysts, the average rating for NSC stock is “Buy.” The 12-month stock price forecast is $243.09, which is an increase of 17.94% from the latest price. © 2023 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions.
- James A. Squires has an approval rating of 16% among the company’s employees.
- MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.
- At the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors.
- Another risk for Norfolk Southern Corp is the potential for regulatory and political changes that could impact the transportation industry.
Despite its strong financial performance and growth prospects, Norfolk Southern Corp faces risks and challenges that could impact its business. One of the biggest challenges is the ongoing competition in the transportation industry. The company faces intense competition from other railroads and different modes of transportation, such as trucking and air freight. This competition could put pressure on Norfolk Southern Corp’s pricing and profitability. 26 Wall Street research analysts have issued “buy,” “hold,” and “sell” ratings for Norfolk Southern in the last twelve months.
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Norfolk Southern Corp’s rich history dates back to the 19th century when the company’s predecessor, the South Carolina Canal and Rail Road, was chartered in 1827. It now operates over 19,000 miles of track across the eastern United States, connecting the major metropolitan areas of the Midwest and the South. Dow Jones Industrial Average, S&P 500, Nasdaq, and Morningstar Index (Market Barometer) quotes are real-time. This site is protected by reCAPTCHA and the Google
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Norfolk Southern sues rail and chemical companies over East Palestine cleanup
The consensus among Wall Street research analysts is that investors should “moderate buy” NSC shares. Norfolk Southern Corp has identified several growth opportunities it plans to pursue in the coming years. Norfolk Southern Corp is investing in new technology and equipment to improve the efficiency of its intermodal operations and is expanding its network to serve new markets. The company is also pursuing growth opportunities in the automotive segment, which involves transporting vehicles and parts. The transportation industry in the United States is highly competitive, with numerous players operating in the market.
Norfolk Southern Corp. is a transportation company, which engages in the rail transportation of raw materials, intermediate products, and finished goods. The company also transports overseas freight through several Atlantic and Gulf Coast ports. The company was founded on July 23, 1980 and is headquartered in Atlanta, GA. Norfolk Southern convertibility of rupee implies Corporation, together with its subsidiaries, engages in the rail transportation of raw materials, intermediate products, and finished goods in the United States. It also transports overseas freight through various Atlantic and Gulf Coast ports; provides commuter rail passenger transportation services; and operates an intermodal network.
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That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B in your personal trading style. The Style Scores are a complementary set of indicators to use alongside the Zacks Rank. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style.
Norfolk Southern Corp has been recognized as a leader in the transportation industry, winning numerous awards for its safety and environmental sustainability. Data are provided ‘as is’ for informational purposes only and are not intended for trading purposes. Style is an investment factor that has a meaningful impact on investment risk and returns. Style is calculated by combining value and growth scores, which are first individually calculated. The technique has proven to be very useful for finding positive surprises.
As of December 31, 2022, the company operated approximately 19,100 route miles in 22 states and the District of Columbia. Norfolk Southern Corporation was incorporated in 1980 and is headquartered in Atlanta, Georgia. At the center of everything we do is a strong commitment to independent research and sharing its profitable https://1investing.in/ discoveries with investors. This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system. Since 1988 it has more than doubled the S&P 500 with an average gain of +24.32% per year. These returns cover a period from January 1, 1988 through July 31, 2023.
However, the company’s net income increased in the same period that its revenue was dropping. Norfolk Southern Corp has a strong balance sheet, with assets of more than $35 billion and liabilities of around $25 billion. As an investor, you want to buy stocks with the highest probability of success.
Insiders that own company stock include Alan H Shaw, Alan H Shaw, Ann A Adams, Clyde H Allison Jr, Clyde H Allison, Jr, Coliseum Capital Management, L, James A Squires and Steven F Leer. 268 employees have rated Norfolk Southern Chief Executive Officer James A. Squires on Glassdoor.com. James A. Squires has an approval rating of 16% among the company’s employees. This puts James A. Squires in the bottom 10% of approval ratings compared to other CEOs of publicly-traded companies. Norfolk Southern Corp has consistently delivered strong financial performance over the past few years. The company did, however, report revenue drops during the COVID-19 pandemic.
- One share of NSC stock can currently be purchased for approximately $200.73.
- Norfolk Southern Corp. is a transportation company, which engages in the rail transportation of raw materials, intermediate products, and finished goods.
- Norfolk Southern Corporation was incorporated in 1980 and is headquartered in Atlanta, Georgia.
- We’d like to share more about how we work and what drives our day-to-day business.
- Norfolk Southern Corp is investing in new technology and equipment to improve the efficiency of its intermodal operations and is expanding its network to serve new markets.
- Style is an investment factor that has a meaningful impact on investment risk and returns.
The company is subject to various environmental regulations, labor laws and trade policies, which could change anytime. Changes in these regulations could increase the company’s costs or limit its ability to operate in certain markets. In 2023 the company faced significant scrutiny for its ongoing safety record and multiple train derailments. Norfolk Southern Corp is also vulnerable to consumer preferences and economic conditions changes. The company’s business is closely tied to the economy’s overall health, and a downturn could lead to decreased demand for its services. Additionally, changes in consumer preferences could shift demand away from certain goods, such as coal, which could impact the company’s revenue.