Norfolk Southern Poised for Long-Term Efficiency, Analyst Projects Improved Operating Ratios
Norfolk Southern Poised for Long-Term Efficiency, Analyst Projects Improved Operating Ratios
Norfolk Southern Corporation (NYSE:NSC) shares are trading higher after the company reported second-quarter financial results yesterday, and several analysts revised their price target.
諾福克南方公司（NYSE：NSC）股價上漲，原因是公司昨天公佈了第二季度財務結果，多位分析師將其目標價格上調。
On Thursday, the company reported railway operating revenue of $3 billion, up 2% Y/Y, and delivered adjusted earnings of $3.06 per share, beating analyst estimates of $2.86 per share.
公司週四發佈鐵路營業收入爲30億美元，同比增長2％，併發布了每股收益爲3.06美元的調整後收益，超過了分析師估計的2.86美元每股收益。
RBC Capital Markets analyst Walter Spracklin lowered the price target to $267 (from $270) and reiterated the Outperform rating.
RBC資本市場分析師沃爾特·斯普拉克林將目標價格下調至267美元（從270美元），重申強烈買入評級。
Building on John Orr and the operating team's progress, NSC has reaffirmed its 2024 guidance of a 66% Operating Ratio, aligning with the consensus estimate of 66.4%.
在約翰·奧爾和營運團隊取得進展的基礎上，NSC重申了2024年的指導方針爲66％的營運比率，與66.4％的共識估計相吻合。
The analyst expects the company to reach an industry-average O/R of the mid-to-high 50s by 2027, which is crucial to their positive investment outlook.
該分析師預計，到2027年，公司將達到中高50年代的行業平均運營比率，這對他們的積極投資前景至關重要。
While management hasn't set a specific 2027 target, their guidance indicates $250 million in productivity savings within the first six months of productivity drive, $400 million in 1-2 years, and $550 million in 2-3 years, writes the analyst.
雖然管理層沒有設定明確的2027年目標，但他們的指導方針表明，在提高生產力的頭六個月內可節省2.5億美元，1-2年內可節省4億美元，並在2-3年內可節省5.5億美元，分析師寫道。
The management anticipates progress toward a sub-60% O/R in the first 1-2 years. Although this does not explicitly confirm a sub-60% O/R by 2026 or 57.5% by 2027, Spracklin says these targets are achievable and are not yet reflected in consensus estimates. The analyst reaffirmed the 2024 EPS estimate at $11.83.
管理層預計在頭1-2年內實現低於60％的營運比率。Spracklin表示，儘管這並沒有明確確認2026年可實現低於60％的營運比率，或2027年可實現57.5％的營運比率，但這些目標是可以實現的，尚未反映在共識估計中。該分析師重申了2024年每股收益估計爲11.83美元。
Goldman Sachs analyst Jordan Alliger raised the price target to $292 from $280 while maintaining the Buy rating.
高盛分析師喬丹·阿勒格將目標價格從280美元上調至292美元，同時維持買入評級。
The analyst increased the EPS estimates for FY24, FY25, and FY26 due to higher-than-expected EPS results and greater confidence in management's ability to drive productivity gains and significant margin improvements.
該分析師由於超預期的EPS業績和對管理層推動生產率增長和重大利潤改善的信心增強，提高了FY24、FY25和FY26年的EPS估計。
The analyst expects significant OR improvement in H2 2024, with the potential for up to 400 basis points of margin gains.
該分析師預計，在2024下半年，營運比率有望顯著提高，潛在利潤率可高達400個點子。
The likelihood that the projected 100-150 basis points annual OR improvement may be conservative, particularly if economic recovery boosts growth beyond typical forecasts, writes the analyst.
如果經濟復甦推動增長超出典型預測，該分析師寫道，預計承諾的每年100-150個點子的營運比率改善可能過於保守。
GS economists anticipate industrial production will rise from +0.6% YoY in 2024 to +3.8% YoY in 2025.
GS的經濟學家預計，工業生產將從2024年的+0.6％YoY上升至2025年的+3.8％YoY。
Read: Norfolk Southern's Operational Turnaround To Drive Over 20% EPS Growth Through 2027, Analyst Says
閱讀：分析師表示，諾福克南方公司的運營扭轉將在2027年推動EPS增長超過20％。
Stifel raised the price target to $241 from $239 and maintained a Hold rating.
Stifel將目標價格從239美元上調至241美元，並保持持有評級。
Wells Fargo increased the price target to $270 from $260 and reiterated an Overweight rating.
富國銀行將目標價格從260美元上調至270美元，並重申股票超重評級。
Investors can gain exposure to the stock via IShares Trust IShares U.S. Transportation ETF (BATS:IYT) and Tidal ETF Trust Aztlan North America Nearshoring Stock Selection ETF (NYSE:NRSH).
投資者可以通過iShares 5-10年美元債券ETF（ETF）（BATS：IYT）和Tidal ETF Trust Aztlan北美Nearshoring股票選擇ETF（NYSE：NRSH）來獲得該股票的曝光。
Price Action: NSC shares are trading higher by 11.2% to $247.91 at last check Friday.
價格動態：截至上週五，NSC股價上漲11.2％，爲247.91美元。
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譯文內容由第三人軟體翻譯。