Market Update (NYSE:NSC): Norfolk Southern rolls out new safety train and website to educate first responders

[PR Newswire] – ALTOONA, Pa., April 22, 2016 /PRNewswire/ — In keeping with a strong tradition of safety, Norfolk Southern (NYSE: NSC) today rolled out a new educational train and website to help first responders across … Read more on this. Norfolk Southern Corporation (NSC) , currently valued at $26.96B, opened at $89.31. Looking at the stock, its one day range is $88.33 to $91.43 with its 52-week range being $64.51 to $106.50. NSC shares are currently priced at 15.50x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 14.17x earnings multiple for the same period. And for those looking to make a return holding the stock, the company pays shareholders $2.36 per share annually in dividends, yielding 2.85%. In a review of the consensus earnings estimate this quarter, 22 sell-side analysts are looking at $1.43 per share, which would be $0.02 better than the year-ago quarter and a $0.08 sequential decrease. What we find to be interesting is that the full-year EPS estimate of $5.33 is a $0.23 improvement when compared to the previous year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $2.57 Billion. If reported, that would be a 5.17% decrease over the year-ago quarter. In terms of ratings, Avondale upgraded NSC from Mkt Underperform to Mkt Perform (Jan 28, 2016). Previously, Buckingham Research downgraded NSC from Buy to Neutral. Investors should keep in mind is that the average price target is $83.86, which is 6.10% below where the stock opened this morning. See more in (NYSE:NSC) Similar Articles: Company Update: Norfolk Southern Corporation (NYSE:NSC) – Norfolk Southern to hold first-quarter 2016 earnings conference call April 21 Market Update: Norfolk Southern Corporation (NYSE:NSC) – Norfolk Southern to present at 31st Annual BB&T Transportation Services Conference on Feb. 10 Market Update: Norfolk Southern Corporation (NYSE:NSC) – Norfolk Southern declares quarterly dividend