Dernières nouvelles pour Norfolk Southern (NYSE:NSC) Stock

Norfolk Southern

Class-I railroad Norfolk Southern operates in the Eastern United States. On more than 20,000 miles of track, the rail hauls shipments of coal, intermodal traffic, and a diverse mix of automobile, agriculture, metal, chemical, and forest products.

Norfolk Southern Corporation Common Stock

Norfolk Southern Corp

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NORFOLK SOUTHERN ORD

Norfolk Southern's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NSC#NYSE">NSC</a>) short percent of float has fallen 10.09% since its last report. The company recently reported that it has 2.22 million shares sold short, which is 0.98% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.04 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Norfolk Southern Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1729107920_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Norfolk Southern has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing Norfolk Southern's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Norfolk Southern's peer group average for short interest as a percentage of float is 6.11%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

Trading Ideas

Peering Into Norfolk Southern's Recent Short Interest

Stifel analyst Benjamin Nolan maintains Norfolk Southern (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NSC#NYSE">NSC</a>) with a Hold and raises the price target from $241 to $245.

News

Price Target

Analyst Ratings

Stifel Maintains Hold on Norfolk Southern, Raises Price Target to $245

Jefferies analyst Stephanie Moore maintains Norfolk Southern (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NSC#NYSE">NSC</a>) with a Buy and raises the price target from $275 to $280.

Jefferies Maintains Buy on Norfolk Southern, Raises Price Target to $280

Norfolk Southern (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NSC#NYSE">NSC</a>) has outperformed the market over the past 20 years by 4.56% on an annualized basis producing an average annual return of 13.15%. Currently, Norfolk Southern has a market capitalization of $55.43 billion. 
Buying $1000 In NSC: If an investor had bought $1000 of NSC stock 20 years ago, it would be worth $11,542.49 today based on a price of $245.16 for NSC at the time of writing.
<h3>Norfolk Southern's Performance Over Last 20 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1728568818_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Here's How Much $1000 Invested In Norfolk Southern 20 Years Ago Would Be Worth Today

Bernstein analyst David Vernon maintains Norfolk Southern (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NSC#NYSE">NSC</a>) with a Outperform and raises the price target from $285 to $286.

Bernstein Maintains Outperform on Norfolk Southern, Raises Price Target to $286

Citigroup analyst Ariel Rosa initiates coverage on Norfolk Southern (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NSC#NYSE">NSC</a>) with a Buy rating and announces Price Target of $294.

Initiation

Citigroup Initiates Coverage On Norfolk Southern with Buy Rating, Announces Price Target of $294

Norfolk Southern Says Effective 5:00 am Oct 4, All Norfolk Southern Intermodal Facility Ingates Will Reopen To East Coast Port Destinations; U.S. Dock Workers & Port Operators Have Reached A Tentative Agreement, Bringing Work Stoppage At East Coast Ports To An End

Susquehanna analyst Bascome Majors maintains Norfolk Southern (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NSC#NYSE">NSC</a>) with a Neutral and raises the price target from $255 to $280.

Susquehanna Maintains Neutral on Norfolk Southern, Raises Price Target to $280

Norfolk Southern (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NSC#NYSE">NSC</a>) has outperformed the market over the past 20 years by 4.85% on an annualized basis producing an average annual return of 13.29%. Currently, Norfolk Southern has a market capitalization of $56.10 billion. 
Buying $1000 In NSC: If an investor had bought $1000 of NSC stock 20 years ago, it would be worth $12,247.78 today based on a price of $248.14 for NSC at the time of writing.
<h3>Norfolk Southern's Performance Over Last 20 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1727818469_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

If You Invested $1000 In This Stock 20 Years Ago, You Would Have $12,000 Today

RBC Capital analyst Walter Spracklin maintains Norfolk Southern (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NSC#NYSE">NSC</a>) with a Outperform and raises the price target from $267 to $272.

RBC Capital Maintains Outperform on Norfolk Southern, Raises Price Target to $272

Evercore ISI Group analyst Jonathan Chappell maintains Norfolk Southern (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NSC#NYSE">NSC</a>) with a Outperform and raises the price target from $265 to $276.

Evercore ISI Group Maintains Outperform on Norfolk Southern, Raises Price Target to $276

Biden Administration Urges Freight Railroads To Guarantee Paid Sick Leave For All Employees

Management

Norfolk Southern Appoints Jason A. Zampi As CFO And Treasurer

<a href="https://x.com/ChristianWKRC/status/1838647038969319638" title="https://x.com/ChristianWKRC/status/1838647038969319638">https://x.com/ChristianWKRC/status/1838647038969319638</a>

Shares Of Norfolk Southern See Volume; WKRC-TV Journalist Post On X, 'An URGENT ALERT FROM THE @HCEMA IMMEDIATELY EVACUATE and leave area of US-50 and OH-128 in any direction due to chemical leak. Tune into @Local12 for more information.'

General

Norfolk Southern shares are trading lower following the company's recent CEO change.

BofA Securities analyst Ken Hoexter reiterated the Buy rating on Norfolk Southern Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NSC#NYSE">NSC</a>),<a target="_blank" href="https://www.benzinga.com/quote/NSC/analyst-ratings" rel="noreferrer noopener"> with a price objective of $259.</a>
Norfolk Southern has appointed Mark George as President &amp; CEO, replacing Alan Shaw, who was terminated for violating company policies. The board&#8217;s decision follows an investigation revealing Shaw&#8217;s inappropriate relationship with the <a target="_blank" href="https://www.benzinga.com//node/40771818" rel="noreferrer noopener">company&#8217;s Chief Legal Officer.</a>
Norfolk Southern has reaffirmed its 2024 targets, aiming for a 66% full-year operating ratio with a 64% &#8211; 65% target for the second half. New CEO Mark George, alongside COO John Orr, will focus on enhancing operational efficiency and closing the margin gap with peers, the analyst writes.
Also Read: <a target="_blank" href="https://www.benzinga.com/news/large-cap/24/09/40791962/norfolk-southern-ceo-alan-shaws-controversial-tenure-close-to-end-amid-ethics-scandal-wsj" rel="noreferrer noopener">Norfolk Southern CEO Alan Shaw&#8217;s Controversial Tenure Close To End Amid Ethics Scandal: WSJ</a>
Hoexter&#8217;s price objective is based on 19x the FY25 EPS estimate. The target multiple is above its 12x-18x range as it moves past its 2023- 2024 earnings trough.
Per the analyst, the company is set to accelerate earnings gains given its productivity improvements and focuses on volume gains and accelerating yields.
The analyst notes that the management transition will be seamless as COO Orr continues the operational overhaul and new CEO George provides continuity and highlights the firm&#8217;s management depth. The analyst&#8217;s estimate for FY25 EPS stands at $13.60 per share.
According to&nbsp;<a target="_blank" href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw" rel="noreferrer noopener">Benzinga Pro</a>, NSC stock has gained over 28% in the past year. Investors can gain exposure to the stock via&nbsp;iShares Trust iShares U.S. Transportation ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/IYT#BATS">IYT</a>) and&nbsp;Tidal ETF Trust Aztlan North America Nearshoring Stock Selection ETF (NRSH).
Price Action: NSC shares are trading higher by 0.31% to $254.55 on Thursday.
Photo via Shutterstock
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iShares Dow Jones Transportation Average Index Fund

Norfolk Southern To See Volume Gains Amid Productivity Improvements Despite Management Churn: Analyst

Norfolk Southern (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NSC#NYSE">NSC</a>) has outperformed the market over the past 20 years by 5.31% on an annualized basis producing an average annual return of 13.63%. Currently, Norfolk Southern has a market capitalization of $56.78 billion. 
Buying $100 In NSC: If an investor had bought $100 of NSC stock 20 years ago, it would be worth $1,306.39 today based on a price of $251.15 for NSC at the time of writing.
<h3>Norfolk Southern's Performance Over Last 20 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1726165854_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Here's How Much $100 Invested In Norfolk Southern 20 Years Ago Would Be Worth Today

<ul>
<li>Board Terminates Alan H. Shaw as President and Chief Executive Officer Due to Violations of Company Policies</li>
<li>Nabanita Nag Terminated as Chief Legal Officer</li>
<li>Company Reaffirms Full-Year 2024&nbsp;Guidance</li>
</ul>

Reported Earlier, Norfolk Southern Board Appoints Mark R. George As CEO, Reaffirms 2024 Guidance

<a href="https://www.cnbc.com/2024/09/11/norfolk-southern-nsc-alan-shaw-probe-relationship-lawyer.html">https://www.cnbc.com/2024/09/11/norfolk-southern-nsc-alan-shaw-probe-relationship-lawyer.html</a>
<ul>
<li>Norfolk Southern's board is investigating whether CEO Alan Shaw had an inappropriate relationship with the company's chief legal officer.</li>
<li>Norfolk's top lawyer, Nabanita Nag, is also corporate secretary and one of the board's primary points of contact.</li>
<li>The board has also focused on possible successors to Shaw, who is expected to resign, including CFO Mark George and COO John Orr.</li>
</ul>
<a href="https://www.cnbc.com/quotes/NSC/">Norfolk Southern's</a> board is investigating whether <a href="https://www.cnbc.com/2024/09/08/norfolk-southern-nsc-alan-shaw-workplace-relationship.html">CEO Alan Shaw</a> had an inappropriate relationship with the company's top-ranking lawyer, according to several people with direct knowledge of the board's thinking, which could create a leadership vacuum at one of the country's <a href="https://www.cnbc.com/2024/05/09/norfolk-southern-activist-wins-three-board-seats-at-railroad.html">largest railroads</a>.
The probe comes less than two years after a toxic derailment in East Palestine, Ohio, and the same year activist investor Ancora mounted a proxy fight at the $58 billion railroad.
&nbsp;
The board's focus on that other executive, chief legal officer <a href="https://www.prnewswire.com/news-releases/norfolk-southern-names-nabanita-nag-executive-vice-president--chief-legal-officer-301574351.html">Nabanita Nag</a>, has not previously been detailed. Nag joined the company in 2020 as general counsel before being promoted to senior vice president in 2022 and elevated again just a few months later. She oversees a sizable portion of Norfolk's operations — including government relations, communications and compliance.
Shaw and Nag did not return text messages and calls requesting comment.
Meanwhile, labor leaders and top executives are in the dark about the company's leadership plans. The railroad employs some 20,000 people, many of whom <a href="https://www.cnbc.com/2024/04/26/activist-ancora-endorsed-by-second-norfolk-southern-union.html">belong to a union</a>.
"We're not sure who is running this train," said Scott Bunten, general chairman of Norfolk Southern's 4,600-member Brotherhood of Locomotive Engineers &amp; Trainmen, or BLET. "We've heard the rumors about shenanigans in NS' c-suite. We've seen a news release about an investigation by an outside law firm. We haven't received a memo or any update."
As corporate secretary, Nag is one of the board's primary conduits of information, alongside Shaw. The board became aware of an alleged inappropriate relationship between the two in recent days, and moved rapidly to respond, people familiar with the matter previously told CNBC. Directors are discussing who could replace Shaw, who is expected to resign as CEO, according to another person familiar with the board's thinking.
&nbsp;
Bunten said he had been in meetings with senior management on Tuesday and that those executives were not clear on what was transpiring at Norfolk's highest levels.
Norfolk Southern said it won't comment until the conclusion of the probe. <a href="https://www.wsj.com/business/logistics/norfolk-southern-probing-potential-misconduct-by-ceo-shaw-39436e09">The Wall Street Journal</a> earlier reported that Shaw was expected to resign, citing people familiar with the matter.
The railroad's board is presented with a significant challenge: the alleged relationship involves the chief executive and Nag, who is also the company's corporate secretary — the two executives which have the most contact with the board.
<h2>Two leading CEO candidates</h2>
The board confirmed the probe, first reported by CNBC, on Sunday evening.
Since then, two of the leading internal candidates to replace Shaw are COO <a href="https://www.cnbc.com/2024/04/05/nsc-coo-john-orr-has-history-of-abusive-behavior-activist-ancora-says.html">John Orr</a> and CFO Mark George, according to another person with knowledge of the board's planning.
Orr has been at the company since March, joining as the company pulled out all the stops to protect Shaw's job from Ancora's onslaught. He has a long and successful career, but has been blemished by accusations of misconduct made in since resolved legal proceedings and dredged up by Ancora during the proxy fight, CNBC reported in April. Orr has denied wrongdoing and the company described those claims as an attempt to "malign" Orr with years-old accusations.
George is less known in the railroading community but earned admiration from some shareholders during the proxy fight for his candor and command of the situation, said one Norfolk Southern advisor. He began his career at Otis Elevator Company, rising through the ranks in Hong Kong and the United States, according to his LinkedIn profile.
While atypical, other finance executives have risen to the top job at American railroads — including at Norfolk. Shaw's predecessor as CEO, Jim Squires, was the railroad's CFO for 6 years.
Neither Orr nor George responded to requests for comment.
<h2>Financial cost of misconduct</h2>
Were Shaw to be fired or step down, he would join a long list of CEOs whose careers were marred by allegations of inappropriate relationships. In 2019, McDonald's announced it had fired CEO Steve Easterbrook after a board investigation revealed he had a relationship with an employee. The SEC later fined Easterbrook and required him to return $105 million in compensation. Easterbrook apologized for his behavior&nbsp;in the wake of the firing and clawback.
"Our members at Norfolk Southern, along with the rest of the workforce, have been kept in the dark about what's happening," Bunten told CNBC.

Legal

'Norfolk Southern Board Probe Focusing On CEO's Relationship With Chief Legal Officer' - CNBC

Norfolk Southern Reports No Impact From Tropical Storm Francine, Operations Continue As Scheduled; Port Of New Orleans To Close Flood Gates Tonight; Customers In Southeast And Mid-Atlantic Regions Should Expect Delays

Executive reshuffles: NSC, PCRX and OMI Companies in focus

Lazard Global Listed Infrastructure Portfolio Q2 2024 Commentary

Bank of America Securities analyst Ken Hoexter maintained a Buy rating on Norfolk Southern (NSC – Research Report) today. The company's shares clos...

Bank of America Securities Sticks to Their Buy Rating for Norfolk Southern (NSC)

Lazard U.S. Sustainable Equity Portfolio Q2 2024 Commentary

Norfolk Southern says it is working off traffic backlog in the Southeast from Hurricane Helene impact

3 Dividend Giants I'm Holding On To For Dear Life

In a report released today, Christian Wetherbee from Wells Fargo maintained a Buy rating on Norfolk Southern (NSC – Research Report), with a price ...

Wells Fargo Reaffirms Their Buy Rating on Norfolk Southern (NSC)

Morgan Stanley analyst Ravi Shanker maintained a Sell rating on Norfolk Southern (NSC – Research Report) today and set a price target of $175.00. T...

Morgan Stanley Remains a Sell on Norfolk Southern (NSC)

Bernstein analyst David Vernon maintained a Buy rating on Norfolk Southern (NSC – Research Report) today and set a price target of $286.00. The com...

Bernstein Sticks to Their Buy Rating for Norfolk Southern (NSC)

U.S. weekly rail traffic falls 2.5% year-over-year

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Press Releases

BNSF reaches tentative collective agreements with two additional labor unions

Norfolk Southern reaches tentative collective bargaining agreements with all general committees representing SMART-TD

Norfolk Southern to present at Morgan Stanley Laguna Conference

Statement regarding investigation of alleged misconduct

Earnings

Norfolk Southern Board of Directors Appoints Mark R. George President and Chief Executive Officer Through Unanimous Vote of Independent Directors

Norfolk Southern names new members to executive leadership team

Norfolk Southern Names Brian Barr Vice President and Chief Mechanical Officer

Norfolk Southern donates $100K to Red Cross, activates Employee Disaster Relief Program

Norfolk Southern to announce third quarter 2024 earnings results on October 22, 2024

Norfolk Southern donates additional $400K to Red Cross for Hurricane Milton and Helene relief efforts

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