Price Action Don’t Lie: After Today’s Huge Increase, Is Norfolk Southern Corp.’s Near-Term Analysis Positive?

Price Action Don't Lie: After Today's Huge Increase, Is Norfolk Southern Corp.'s Near Term Analysis Positive?

The stock of Norfolk Southern Corp. (NYSE:NSC) is a huge mover today! About 537,637 shares traded hands. Norfolk Southern Corp. (NYSE:NSC) has risen 25.50% since March 8, 2016 and is uptrending. It has outperformed by 16.18% the S&P500.
The move comes after 6 months positive chart setup for the $27.99 billion company. It was reported on Oct, 11 by Barchart.com. We have $135.75 PT which if reached, will make NYSE:NSC worth $11.48 billion more.

Analysts await Norfolk Southern Corp. (NYSE:NSC) to report earnings on October, 26. They expect $1.46 EPS, down 7.01% or $0.11 from last year’s $1.57 per share. NSC’s profit will be $424.44M for 16.49 P/E if the $1.46 EPS becomes a reality. After $1.36 actual EPS reported by Norfolk Southern Corp. for the previous quarter, Wall Street now forecasts 7.35% EPS growth.

Norfolk Southern Corp. (NYSE:NSC) Ratings Coverage

Out of 21 analysts covering Norfolk Southern Corp. (NYSE:NSC), 4 rate it a “Buy”, 2 “Sell”, while 15 “Hold”. This means 19% are positive. Norfolk Southern Corp. has been the topic of 36 analyst reports since July 28, 2015 according to StockzIntelligence Inc. The stock has “Sector Perform” rating given by RBC Capital Markets on Thursday, January 28. The rating was initiated by Oppenheimer with “Market Perform” on Thursday, June 16. Morgan Stanley reinitiated the stock with “Underweight” rating in Friday, June 3 report. Cowen & Co maintained the stock with “Outperform” rating in Thursday, January 28 report. The stock has “Hold” rating given by Loop Capital on Thursday, August 4. The company was maintained on Wednesday, April 6 by Citigroup. The stock of Norfolk Southern Corp. (NYSE:NSC) earned “Equal-Weight” rating by Barclays Capital on Monday, December 7. Bank of America upgraded Norfolk Southern Corp. (NYSE:NSC) on Friday, September 11 to “Buy” rating. The company was maintained on Monday, April 11 by Barclays Capital. The rating was downgraded by Barclays Capital to “Underweight” on Monday, October 5.

According to Zacks Investment Research, “Norfolk Southern Corp., a Virginia-based holding company, owns two major freight railroads, Norfolk Southern Railway Company and Norfolk Western Railway Company, which operates in numerous states, the District of Columbia and the Province of Ontario. (Company Press Release)”

Insitutional Activity: The institutional sentiment increased to 0.96 in 2016 Q2. Its up 0.16, from 0.8 in 2016Q1. The ratio increased, as 48 funds sold all Norfolk Southern Corp. shares owned while 317 reduced positions. 77 funds bought stakes while 272 increased positions. They now own 196.51 million shares or 2.16% less from 200.85 million shares in 2016Q1.
Oakworth holds 1,748 shares or 0.05% of its portfolio. Valley Natl Advisers has invested 0.05% of its portfolio in Norfolk Southern Corp. (NYSE:NSC). Norman Fields Gottscho Capital Mgmt Limited Liability Corporation, a New York-based fund reported 5,005 shares. M has invested 0.1% of its portfolio in Norfolk Southern Corp. (NYSE:NSC). Verity Asset Management last reported 3,634 shares in the company. Congress Asset Mngmt Ma last reported 38,724 shares in the company. Her Majesty The Queen In Right Of The Province Of Alberta As Represented By Alberta Investment Mgmt Corporation accumulated 5,500 shares or 0.01% of the stock. Moreover, Bnp Paribas Partners Sa has 0.03% invested in Norfolk Southern Corp. (NYSE:NSC) for 39,907 shares. Chesley Taft Associate Limited Liability Company last reported 0.02% of its portfolio in the stock. Tower Research Capital Ltd Company (Trc) last reported 0.06% of its portfolio in the stock. Chevy Chase owns 266,738 shares or 0.13% of their US portfolio. Advisors Limited Liability Co accumulated 0.32% or 40,039 shares. Motco accumulated 693 shares or 0.01% of the stock. Trust Of Toledo Na Oh has invested 0.77% of its portfolio in Norfolk Southern Corp. (NYSE:NSC). Piedmont Investment Advsr Ltd last reported 67,060 shares in the company.

Insider Transactions: Since April 25, 2016, the stock had 0 insider purchases, and 7 insider sales for $2.08 million net activity. 6,500 shares with value of $585,248 were sold by Earhart Cynthia C on Monday, April 25. Another trade for 3,064 shares valued at $280,538 was made by STEWART MARTA R on Thursday, August 18. Hurlbut Thomas E also sold $60,070 worth of Norfolk Southern Corp. (NYSE:NSC) shares. HIXON JAMES A sold $941,508 worth of Norfolk Southern Corp. (NYSE:NSC) on Monday, August 29.

More important recent Norfolk Southern Corp. (NYSE:NSC) news were published by: Fool.com which released: “Better Buy: CSX Corp. or Norfolk Southern Corp.?” on January 23, 2016, also Wsj.com published article titled: “Norfolk Southern Steps Up Fight Against Canadian Pacific Merger”, Wsj.com published: “Norfolk Southern Earnings Narrowly Top Views Amid Cost Cuts” on July 27, 2016. More interesting news about Norfolk Southern Corp. (NYSE:NSC) was released by: Forbes.com and their article: “Ex-Dividend Reminder: Norfolk Southern, Mueller Water Products and Standex …” with publication date: August 02, 2016.

NSC Company Profile

Norfolk Southern Corporation, incorporated on August 24, 2009, is a holding firm engaged in the rail transportation business. The Firm operates approximately 20,000 miles of road primarily in the East and Midwest. The Firm is engaged in the rail transportation of raw materials, intermediate products and finished goods primarily in the Southeast, East and Midwest, and through interchange with rail carriers, to and from the rest of the United States. The Firm also transports overseas freight through various Atlantic and Gulf Coast ports. The Firm provides logistics services and offers the intermodal network in the eastern half of the United States. The Company’s system reaches various manufacturing plants, electric generating facilities, mines, distribution centers and other businesses located in its service area.

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