Norfolk Southern Poised for Long-Term Efficiency, Analyst Projects Improved Operating Ratios
Written by Emily J. Thompson, Senior Investment Analyst
Source: Benzinga
Financial Performance: Norfolk Southern Corporation reported a 2% year-over-year increase in railway operating revenue to $3 billion and adjusted earnings of $3.06 per share, surpassing analyst expectations. Analysts have revised their price targets, with Goldman Sachs raising theirs to $292 while maintaining a Buy rating.
Future Outlook: The company reaffirmed its 2024 guidance for a 66% Operating Ratio and anticipates significant productivity savings over the next few years, with analysts projecting potential improvements in margins and operational efficiency by 2027.
Analyst Views on NRSH
Wall Street analysts forecast NRSH stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for NRSH is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
