Norfolk Southern Analysts Boost Their Forecasts Following Upbeat Q1 Earnings
Avi Kapoor 6 months ago
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Norfolk Southern (NYSE:NSC) reported better-than-expected earnings for Q1 despite challenges. Analysts maintain price targets for the stock.
Norfolk Southern Corporation (NYSE:NSC) reported better-than-expected earnings for the first quarter on Friday.
The company posted quarterly revenue of $3.0 billion, in line with estimates. Diluted EPS declined 27% to $2.43, while adjusted diluted EPS was $2.65, down 1% from the prior year but above the $2.51 estimate.
"In the first quarter, our team stayed focused on what we could control, operating with discipline amid volatile volumes, severe winter weather, and a rapidly shifting macroeconomic environment including the dramatic rise in fuel prices in March," said Mark George, president and chief executive officer of Norfolk Southern.
Norfolk Southern shares fell 0.3% to trade at $318.57 on Monday.
These analysts made changes to their price targets on Norfolk Southern following earnings announcement.
- Evercore ISI Group analyst Jonathan Chappell maintained Norfolk Southern with an In-Line rating and raised the price target from $295 to $325.
- BMO Capital analyst Fadi Chamoun maintained the stock with a Market Perform and raised the price target from $305 to $310.
Considering buying NSC stock? Here’s what analysts think:
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