Norfolk Southern Corporation (NSC) With $152.34 Price Forms Double Top

June 29, 2018 - By Rachel Eickhoff

Norfolk Southern Corporation (NYSE:NSC) Corporate Logo

During 2018 Q1 the big money sentiment decreased to 0.75. That’s change of 0.08, from 2017Q4’s 0.83. 53 investors sold all, 375 reduced holdings as Norfolk Southern Corporation ratio turned negative. 228 increased holdings while 94 funds amassed holdings. Funds hold 198.67 million shares thus 0.72% more from 2017Q4’s 197.25 million shares.
Lodestar Investment Counsel Llc Il reported 2,100 shs. Nomura Asset Mngmt Limited holds 0.06% of its capital in Norfolk Southern Corporation (NYSE:NSC) for 43,492 shs. Texas Yale Cap has 0.05% invested in Norfolk Southern Corporation (NYSE:NSC) for 4,166 shs. Klingenstein Fields And Co Limited Liability Corporation holds 83,670 shs or 0.43% of its capital. M Hldgs has invested 0.11% in Norfolk Southern Corporation (NYSE:NSC). Delta Asset Management Ltd Limited Liability Company Tn owns 2,233 shs. Park Corporation Oh owns 13,723 shs. Logan Cap Mgmt holds 0.13% or 13,155 shs. New York-based Jennison Associate Llc has invested 0% in Norfolk Southern Corporation (NYSE:NSC). First Financial Corporation In holds 0.07% in Norfolk Southern Corporation (NYSE:NSC) or 705 shs. Brandywine Glob Invest Mngmt Lc has invested 0.21% in Norfolk Southern Corporation (NYSE:NSC). Moreover, Avalon Advsrs Ltd Liability Co has 0.01% invested in Norfolk Southern Corporation (NYSE:NSC). Panagora Asset Mngmt Incorporated invested in 48,656 shs. Moreover, Bokf Na has 0.1% invested in Norfolk Southern Corporation (NYSE:NSC) for 27,190 shs. E&G Advsr Limited Partnership reported 1,500 shs or 0.09% of all its holdings.

Norfolk Southern Corporation had 8 selling transactions and 0 insider buys since February 1, 2018. This’s net activity of $4.08 million. $994,340 worth of Norfolk Southern Corporation (NYSE:NSC) shs were sold by Earhart Cynthia C. Another trade for 1,699 shs valued at $244,011 was made by Wheeler Michael Joseph on Friday, February 16. 10,000 Norfolk Southern Corporation (NYSE:NSC) shs with value of $1.50 million were sold by Squires James A.

Norfolk Southern Corporation (NSC) shows a double top chart pattern today and has $158.43 PT or 4.00 % above today’s $152.34 share price. The $43.04B company shows low risk because of the 5 months chart pattern. On Jun, 29 it was announced by Finviz.com. At $158.43 PT, the company’s valuation could be $1.72 billion more.

Ticker’s shares touched $152.34 during the last trading session after 1.75% change.Norfolk Southern Corporation has volume of 377,264 shares. Since June 29, 2017 NSC has risen 27.76% and is uptrending. NSC outperformed the S&P 500 by 15.19%.

Norfolk Southern Corporation (NYSE:NSC)’s quarterly earnings will be reported on July, 25., as reported by Faxor. EPS of $2.24 is 30.99 % up from 2017’s $1.71 EPS. This could reach $632.89M profit for NSC assuming the current $2.24 EPS will become reality. Wall Street now predicts 16.06 % EPS growth despite Norfolk Southern Corporation last quarter’s EPS of $1.93.

Norfolk Southern Corporation (NYSE:NSC) Ratings Coverage

In total 16 analysts cover Norfolk Southern (NYSE:NSC). “Buy” rating has 6, “Sell” are 2, while 8 are “Hold”. (NYSE:NSC) has 38% bullish analysts. With $192 highest and $100 lowest target price, Norfolk Southern has $157.67 average target price or 3.50% above the current ($152.34) price. 27 are the (NYSE:NSC)’s ratings reports on Jun 29, 2018 according to StockzIntelligence Inc. On Thursday, April 26 the firm earned “Buy” rating by UBS. In Wednesday, April 25 report Cowen & Co maintained the stock with “Buy” rating. On Thursday, May 24 Stifel Nicolaus maintained Norfolk Southern Corporation (NYSE:NSC) with “Hold” rating. On Wednesday, January 24 the company was maintained by Susquehanna. On Friday, January 12 the company was upgraded by Scotia Capital. On Thursday, March 15 the stock has “Sell” rating by Loop Capital. In Thursday, January 25 report Morgan Stanley maintained it with “Underweight” rating and $100 target. On Tuesday, April 10 the rating was maintained by Robert W. Baird with “Hold”. On Wednesday, April 25 the company was maintained by Scotia Capital. On Wednesday, January 24 the stock of Norfolk Southern Corporation (NYSE:NSC) earned “Sector Perform” rating by RBC Capital Markets.

More recent Norfolk Southern Corporation (NYSE:NSC) news were released by Forbes.com, Benzinga.com and Globenewswire.com. The first one has “A Quick Snapshot Of Norfolk Southern’s Chemical Freight Segment” as a title and was released on June 21, 2018. The next is “Benzinga’s Top Upgrades, Downgrades For June 25, 2018” on June 25, 2018. And last was released on June 25, 2018, called “Recent Analysis Shows Public Storage, Arconic, Apartment Investment and Management, Kinder Morgan, Norfolk …”.

Norfolk Southern Corporation (NYSE:NSC) Institutional Investors Chart

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