Norfolk Southern Corporation (NSC) has shown a remarkable market performance this year, with its stock price going up, following various favorable factors. The company has reported exceptional Q3 2024 financial results, with
strong revenue growth exceeding estimates, enhanced
profitability and impressive productivity improvements. Furthermore, their new
CEO Mark George is expected to enhance financial discipline. Investment interest in the company remains robust, for instance,
Pathway Financial Advisers LLC bought 889,925 shares and
Assenagon Asset Management S.A., and
Sequoia Financial Advisors LLC increased their stakes as well. Analysts have raised their price targets, maintaining a 'Moderate Buy' consensus recommendation. Despite underperforming on some occasions compared to competitors, NSC has consistently outperformed expectations. The recent establishment of a customer-centric
Customer Advisory Board is a sneaky move towards further improving their relationship with clients. Additionally, they have reached a
collective bargaining agreement with the International Brotherhood of Electrical Workers.
Institutional investors account for a significant 77% of NSC's shares. Notably, NSC paid a dividend of $1.35, increasing shareholder value. Company insiders also show faith by increasing their shareholdings.
Norfolk Southern Corp NSC News Analytics from Mon, 06 May 2024 07:00:00 GMT to Sat, 26 Oct 2024 15:26:59 GMT -
Rating 8
- Innovation 7
- Rumor 1
