|Bid||0.00 x 1200|
|Ask||0.00 x 800|
|Day's Range||168.72 - 172.43|
|52 Week Range||125.59 - 186.91|
|Beta (3Y Monthly)||1.53|
|PE Ratio (TTM)||8.51|
|Earnings Date||Oct 24, 2018|
|Forward Dividend & Yield||3.20 (1.90%)|
|1y Target Est||187.41|
State officials say that since Gov. Deal took office, more than 40 new corporate headquarters or relocations have come to Georgia, with a total investment value of more than $357 million.
A long-simmering dispute between CSX Corporation (NYSE: CSX) and its rival Norfolk Southern Corporation (NYSE: NSC) has landed in court, with CSX claiming that Norfolk Southern's control of a small railroad within the port of Hampton Roads is all but blocking CSX from launching any intermodal service from there. According to the case filed last week kin U.S. District Court for the Eastern District of Virginia, the focus of the suit is the Norfolk & Portsmouth Belt Line Railroad (NPBL). It is jointly owned by CSX and Norfolk Southern and was described in the suit as a "terminal switching railroad." According to the lawsuit, it was created in 1896 to be shared by many railroads, and ownership was distributed among many railroads, with none having a controlling interest.
CSX (CSX), a major Eastern US railroad, reported 5.9% YoY (year-over-year) growth in week 39 carload traffic. The company moved ~73,100 railcars excluding intermodal units in the week compared to 69,000 units in the same period last year.
Norfolk Southern (NSC) is a major railroad in the Eastern United States. In week 39, Norfolk Southern recorded a 1.9% YoY (year-over-year) fall in carload traffic. The railroad carried ~69,700 railcars except for intermodal units in the week compared to ~71,000 in the same week last year.
“A friend of mine said a favorite expression in the Army was ‘You know what your reward is for taking that hill? The next hill,’” Ashe told Atlanta Business Chronicle in an interview following MARTA’s unanimous Oct 4 vote.
Rail stocks stand out in a weak market. Canadian National, Canadian Pacific, CSX, Union Pacific and more are on track amid a strong economy, a new trade deal and rising gas prices.
There are a number of reasons that attract investors towards large-cap companies such as Norfolk Southern Corporation (NYSE:NSC), with a market cap of US$51.3b. Big corporations are much sought after Read More...
Norfolk Southern (NSC) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
NORFOLK, Va. , Oct. 3, 2018 /PRNewswire/ -- Norfolk Southern Corporation (NYSE: NSC) will announce its third-quarter financial results during a conference call and live internet webcast at 8:45 a.m. EDT ...
The second quarter was one of the best quarters for major North American railroads (XLI) in terms of YoY (year-over-year) earnings growth. Their earnings were boosted by lower tax, pricing gains, stock buybacks, and reduced operating expenses. Let’s take a look at the companies’ adjusted EPS.
In the railroad (IYT) industry, operating ratios are crucial. The wider a company’s operating margin, the higher its operating efficiency, and in turn, its performance. Recently, Union Pacific (UNP) announced that it has kickstarted its new operating strategy, Unified Plan 2020, which is expected to lower UNP’s operating expenses in future quarters. Let’s compare major railroads’ second-quarter operating margins.
Week 38 was bad for Norfolk Southern’s (NSC) carload traffic. The company reported a 3.4% YoY (year-over-year) fall in carload traffic in the week. Compared to ~71,700 railcars sans intermodal in Week 38 of 2017, NSC hauled 69,300 railcars in Week 38 this year.
Freight volumes and pricing gains determine a railroad’s revenue growth. The second quarter turned out to be a good quarter for major US railroads’ top-line growth, with three railroads (XTN) reporting double-digit revenue growth. Let’s take a look.
Union Pacific’s (UNP) 7.3% YoY (year-over-year) rail traffic volume growth topped the performances of all Class I railroad companies in Week 38. The company reported 3.7% YoY carload traffic growth in the week. UNP hauled ~97,800 railcars excluding intermodal units in the week compared to ~94,300 in Week 38 of 2017.
US industrial output expanded 4.9% YoY (year-on-year) in August, marking the sharpest rise in US industrial production since December 2010. The rise in industrial output augurs well for the US railroad sector. According to the Association of American Railroads, US carload traffic was up 2% YoY (year-over-year), and intermodal traffic grew 6% YoY in the first 38 weeks of 2018.
On September 25, Citigroup upgraded its rating for Canada’s number-one railroad, Canadian National Railway (CNI). Citigroup raised its price target for the company to $100.0 from $90.0 per share. Major US Class I railroads Norfolk Southern (NSC), CSX (CSX), and Union Pacific (UNP) have consensus “buy” recommendations from Wall Street analysts.
Impala Asset Management is a multi-billion dollar Connecticut-based hedge fund that was founded by Robert Bishop in 2004. Prior to starting Impala Asset Management, Robert Bishop worked as a Chief Investment Officer at Soros Fund Management, managing the Quantum Endowment Fund. Other positions which have helped him accumulate great knowledge of the investment space include […]
In Week 37, Norfolk Southern (NSC) reported a 2.7% YoY (year-over-year) decline in carload traffic. The company hauled 68,200 railcars except for intermodal units in the week compared to ~70,100 in the corresponding week of 2017.
Genesee & Wyoming (GWR) has a consensus stock rating of 2.21, indicating a “buy.” Of 14 analysts tracking GWR stock, four (29.0%) gave “strong buy” recommendations. Three (21.0%) analysts recommended a “buy,” and seven (50.0%) analysts gave “hold” recommendations on GWR stock.
Golar LNG (GLNG) benefits from improved shipping activity and consistent record of rewarding shareholders through dividends. However, rise in operating expenses is a concern.