#3 - Norfolk Southern (NYSE:NSC)
Norfolk Southern (NYSE:NSC) is the third-largest railroad in the United States. The company operates over 19,000 route miles across 22 states and Washington D.C. The railroad has the most extensive intermodal network in the East and is a principal carrier of coal, automobiles, and automotive parts.
In its most recent quarter, Norfolk Southern posted revenue and earnings that were 16% and 5% higher, respectively, than in the same quarter the prior year. This was despite the company’s earnings coming in slightly below expectations.
Norfolk pays a dividend that currently pays out $4.96 on an annual basis. That’s more than twice the amount of other companies in the transportation sector. The company also has a sustainable 39% payout ratio.
As of September 2022, analysts have Norfolk Southern a consensus Hold rating with a price target of over $283 which represents a 23% upside from its current level.
About Norfolk Southern
Norfolk Southern Corporation, together with its subsidiaries, engages in the rail transportation of raw materials, intermediate products, and finished goods in the United States. The company transports agriculture, forest, and consumer products comprising soybeans, wheat, corn, fertilizers, livestock and poultry feed, food products, food oils, flour, sweeteners, ethanol, lumber and wood products, pulp board and paper products, wood fibers, wood pulp, beverages, and canned goods; chemicals consist of sulfur and related chemicals, petroleum products comprising crude oil, chlorine and bleaching compounds, plastics, rubber, industrial chemicals, chemical wastes, sand, and natural gas liquids; metals and construction materials, such as steel, aluminum products, machinery, scrap metals, cement, aggregates, minerals, clay, transportation equipment, and military-related products; and automotive, including finished motor vehicles and automotive parts, as well as coal.
Read More - Current Price
- $268.95
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 13 Buy Ratings, 5 Hold Ratings, 1 Sell Ratings.
- Consensus Price Target
- $275.68 (2.5% Upside)
