|Bid||0.00 x 3200|
|Ask||0.00 x 1200|
|Day's Range||151.15 - 153.07|
|52 Week Range||111.44 - 158.58|
|PE Ratio (TTM)||7.94|
|Earnings Date||Jul 24, 2018 - Jul 30, 2018|
|Forward Dividend & Yield||2.88 (1.86%)|
|1y Target Est||157.55|
In Week 23, eastern US rail transporter Norfolk Southern’s (NSC) carload volumes, excluding intermodal, rose 2% YoY (year-over-year) to ~72,700 units from ~71,300. The rail carrier’s volume gains were marginally lower than the 2.8% YoY increase registered by US railroads (GWR) but slightly higher than the 1% rise seen by rival CSX.
On Thursday, June 14, 2018, the NASDAQ Composite and the S&P 500 edged 0.85% and 0.25% higher, respectively at the closing bell, while the Dow Jones Industrial Average stayed bearish, finishing marginally lower by 0.10%. Taking into consideration yesterday's market sentiment, WallStEquities.com assessed the following Railroads equities this morning: Norfolk Southern Corp. (NYSE: NSC), The Greenbrier Cos. Inc. (NYSE: GBX), Trinity Industries Inc. (NYSE: TRN), and Union Pacific Corp. (NYSE: UNP).
There is a lot to be liked about Norfolk Southern Corporation (NYSE:NSC) as an income stock, over the past 10 years it has returned an average of 2.00% per year.Read More...
In Week 22, eastern US major Norfolk Southern’s (NSC) carload traffic grew 1.5% YoY (year-over-year) to ~66,800 railcars, excluding intermodal, from ~65,800 railcars. The company’s carload traffic gains were much higher than the 0.2% YoY rise reported by US railroad companies (GWR). NSC’s gains also stood in contrast to the 1.5% carload traffic loss posted by competitor CSX in Week 22.
Clearly defined trading ranges on the charts of key transportation securities suggest that this could be the sector to watch.
NORFOLK, Va. , May 31, 2018 /PRNewswire/ -- Norfolk Southern Corporation (NYSE: NSC) Executive Vice President and Chief Financial Officer Cynthia C. Earhart will make a presentation at: Deutsche Bank's ...
Railroad companies’ (IYJ) stocks are cyclical in nature. They move alongside the swings in the US and global economies.
In Week 20 (ended May 19), Calgary-headquartered Canadian Pacific Railway (CP) reported a high single-digit rise in carload traffic. The company’s carloads rose 7.2% YoY (year-over-year) to ~33,500 railcars (excluding intermodal) from ~31,200.
Among all Class I railroad companies, Canadian Pacific Railway (CP) was the only one (XTN) to be highly optimistic in its 2018 outlook, and the company maintains that outlook.
In Week 20 (ended May 19), eastern US major Norfolk Southern’s (NSC) carload traffic grew 3.2% YoY (year-over-year) to ~70,000 railcars (excluding intermodal) from ~67,900. The company’s carload traffic growth was higher than the 1.2% YoY rise posted by US railroads (GWR) and competitor CSX’s 0.8% YoY growth. This year, NSC’s carload volumes have grown more than CSX’s.
In this article, we’ll review Canadian Pacific Railway’s (CP) cash flow levels and compare them to the levels of other US Class I railroad companies (XLI).
Omaha-headquartered Union Pacific (UNP) is a western US railroad giant, like Berkshire Hathaway-owned BNSF Railway (BRK.B). In Week 20, UNP’s carload traffic rose 3.7% YoY (year-over-year) to ~95,000 railcars (excluding intermodal) from ~91,600, underperforming rival BNSF Railway, whose carload volumes grew 4.3% YoY. However, UNP’s traffic growth exceeded the 1.2% growth reported by US railroads (XTN).
Canadian Pacific Railway (CP) announced a second-quarter cash dividend of 0.65 Canadian dollars on May 10. Upon annualizing this quarterly dividend, we can translate it into a dividend of 2.60 Canadian dollars. The railroad’s dividend payout ratio is 22.8% based on its adjusted EPS of 11.39 Canadian dollars in the last four quarters.
In Week 20 (ended May 19), Jacksonville-headquartered eastern US rail giant CSX (CSX) reported a slight 0.80% YoY (year-over-year) rise in its carload traffic, getting back on track after weakness over the last year. In Week 20, CSX’s carload volumes rose YoY to ~69,400 units from ~68,800. CSX’s carload volume growth was substantially lower than competitor Norfolk Southern’s (NSC) 3.2% gain in the same category, and lower than the 1.2% rise reported by US railroads (XTN).
Norfolk Southern (NSC) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
Surrounded by scenic Letchworth State Park, the $75-million bridge expands freight rail capacity and economic opportunities for businesses and communities across the Southern Tier and Finger Lakes. Constructed through a public-private partnership, the single-track arch structure replaced a 19th-century-era bridge that restricted train speeds and rail car weights and had become a major transportation bottleneck.
Stifel analyst Michael Baudendistel went all-in on rail stocks Wednesday, reinstating coverage on seven of the biggest names in the railroad industry. Baudendistel is generally bullish on the group, but his analysis suggests some stocks are better bets than others. The company’s volume growth has historically allowed the stock to trade at a valuation premium to its peer group, Baudendistel said.
NORFOLK, Va., May 24, 2018 /PRNewswire/ -- Norfolk Southern (NSC) today announced it has joined the Blockchain in Transport Alliance. Founded in August 2017, BiTA is the transportation and logistics industry's leading trade association for developing standards and education in blockchain technologies, a field focused on the peer-to-peer recording of transactions through use of cryptography and distributed ledgers. A consortium of more than 250 transportation and logistics companies, BiTA seeks to cultivate a set of industry benchmarks, educate the market, and advance blockchain technology and its transportation and logistics applications within the supply-chain.
Despite record corporate profits, a big tax cut, and falling unemployment, investors have been reluctant to bid stocks higher this quarter. There are no fundamental hints of an inbound bear market, so this may just be a manifestation of “Sell in May and Go Away,” an old stock market adage. In the Investopedia Daily Market Commentary webinar, we have been focusing on the reasons investors should stay involved in the market this summer.
We are impressed by Norfolk Southern's (NSC) efforts to reward its shareholders through share buybacks and dividend payments. The company's cost-control efforts are also encouraging.
Let’s talk about the popular Norfolk Southern Corporation (NYSE:NSC). The company’s shares saw a decent share price growth in the teens level on the NYSE over the last few months.Read More...