On Oct 24, major Wall Street analysts update their ratings for $Norfolk Southern (NSC.US)$, with price targets ranging from $175 to $291.
Morgan Stanley analyst Ravi Shanker maintains with a sell rating, and maintains the target price at $175.
BofA Securities analyst Ken Hoexter maintains with a buy rating, and maintains the target price at $291.
Barclays analyst Brandon Oglenski maintains with a buy rating, and adjusts the target price from $275 to $290.
Evercore analyst Jonathan Chappell maintains with a buy rating, and adjusts the target price from $276 to $274.
BMO Capital analyst Fadi Chamoun maintains with a hold rating, and maintains the target price at $275.
Furthermore, according to the comprehensive report, the opinions of $Norfolk Southern (NSC.US)$'s main analysts recently are as follows:
Norfolk Southern's recent earnings disclosure was comparatively positive. Despite various challenges anticipated to affect Q4 margins, there is a pathway identified for the company to significantly enhance its profitability by 2025, which is seen in relation to a compelling equity valuation.
The company is identified to have significant potential to enhance margins more so than other Class 1 rails in the near to medium term, considering it starts from a lower base compared to its competitors. The recorded 480 basis points of margin growth in the second quarter and an additional 170 basis points in the third quarter signify progress in the right direction. The company's recent increase in carloads, approximately 4% higher than the previous year, and the expected continuous narrowing of its operating ratio gap across Eastern network geographies supports this positive outlook.
Norfolk Southern's third-quarter adjusted earnings per share increased by 23% compared to the previous year, surpassing the consensus estimates. The company has also maintained its target for a 66% full-year operating ratio, despite a reduction in its 2024 revenue growth forecast to 1% year-over-year from an earlier projection of 3%. The expectation is that Norfolk Southern will enhance its earnings through productivity improvements.
Following the company's quarterly results, it's noted that the Chief Operating Officer is making significant progress in areas where the company has faced challenges in the past. The implementation of precision scheduled railroading and the pursuit of efficiency gains are contributing to margin enhancements. The company's confidence in achieving an operating ratio below 60 is supported by macroeconomic factors, even though the impressive operating ratio this quarter may have been influenced in part by volume and operating leverage advancements.
Norfolk Southern's recent quarterly earnings surpassed expectations, highlighting the company's effective cost-saving measures and indicating a significant structural cost turnaround. Comparatively, this quarter was particularly strong when measured against a competitor that experienced more challenges during the same period.
Here are the latest investment ratings and price targets for $Norfolk Southern (NSC.US)$ from 7 analysts:
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美東時間10月24日，多家華爾街大行更新了$諾福克南方 (NSC.US)$的評級，目標價介於175美元至291美元。
摩根士丹利分析師Ravi Shanker維持賣出評級，維持目標價175美元。
美銀證券分析師Ken Hoexter維持買入評級，維持目標價291美元。
巴克萊銀行分析師Brandon Oglenski維持買入評級，並將目標價從275美元上調至290美元。
Evercore分析師Jonathan Chappell維持買入評級，並將目標價從276美元下調至274美元。
BMO資本市場分析師Fadi Chamoun維持持有評級，維持目標價275美元。
此外，綜合報道，$諾福克南方 (NSC.US)$近期主要分析師觀點如下：
諾福克南方最近的收益披露相對積極。儘管有各種挑戰預計會影響第四季度的利潤率，但公司已確定一條路徑，可在2025年顯着增強其盈利能力，這與引人注目的股權估值相關。
相比其他一級鐵路公司，諾福克南方在近中期內被認爲有顯著潛力提高利潤率，考慮到與競爭對手相比起點較低。第二季度利潤率增長480個點子，第三季度再增加170個點子，意味着公司正在朝着正確的方向取得進展。公司最近的成交量增加約4%，高於去年同期，預計持續縮小東部網絡地理區域的運營比率差距，支持這一積極前景。
與去年同期相比，諾福克南方第三季度調整後的每股收益增長了23%，超過了共識預期。儘管將2024年的營業收入增長預測從之前的3%降至1%，但公司仍然保持66%的全年運營比率目標。預期諾福克南方將通過提高生產力來增加盈利。
根據公司季度業績，COO正在取得顯著進展，改善過去公司面臨的挑戰。精細調度鐵路的實施和追求效率提升正在促進利潤率增強。儘管本季度令人印象深刻的運營比率部分受到成交量和運營槓桿的推動，公司對實現低於60的運營比率的信心得到宏觀經濟因素的支持。
諾福克南方最近的季度收益超出預期，突顯了公司有效的節約成本措施，並表明出了顯著的結構性成本轉型。與在同一時期遇到更多挑戰的競爭對手相比，本季度尤爲強勁。
以下爲今日7位分析師對$諾福克南方 (NSC.US)$的最新投資評級及目標價：
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