The stock of Norfolk Southern Corp. (NYSE:NSC) hit a new 52-week high and has $116.31 target or 9.00% above today’s $106.71 share price. The 5 months bullish chart indicates low risk for the $31.27 billion company. The 1-year high was reported on Nov, 30 by Barchart.com. If the $116.31 price target is reached, the company will be worth $2.81 billion more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 745,127 shares traded hands. Norfolk Southern Corp. (NYSE:NSC) has risen 11.95% since April 27, 2016 and is uptrending. It has outperformed by 6.72% the S&P500.
Analysts await Norfolk Southern Corp. (NYSE:NSC) to report earnings on January, 25. They expect $1.35 EPS, up 12.50% or $0.15 from last year’s $1.2 per share. NSC’s profit will be $395.60M for 19.76 P/E if the $1.35 EPS becomes a reality. After $1.55 actual EPS reported by Norfolk Southern Corp. for the previous quarter, Wall Street now forecasts -12.90% negative EPS growth.
Norfolk Southern Corp. (NYSE:NSC) Ratings Coverage
Out of 21 analysts covering Norfolk Southern Corp. (NYSE:NSC), 6 rate it a “Buy”, 3 “Sell”, while 12 “Hold”. This means 29% are positive. $110 is the highest target while $74 is the lowest. The $89.47 average target is -16.16% below today’s ($106.71) stock price. Norfolk Southern Corp. has been the topic of 40 analyst reports since July 28, 2015 according to StockzIntelligence Inc. The rating was maintained by Barclays Capital with “Equal-Weight” on Monday, April 11. The stock has “Buy” rating given by Argus Research on Wednesday, November 2. As per Tuesday, July 28, the company rating was maintained by UBS. The firm has “Sector Perform” rating given on Thursday, January 28 by RBC Capital Markets. The firm has “Market Perform” rating given on Tuesday, November 24 by BMO Capital Markets. The firm earned “Underperform” rating on Monday, November 2 by Macquarie Research. Topeka Capital Markets initiated the stock with “Hold” rating in Tuesday, August 11 report. The firm has “Sector Outperform” rating by Scotia Capital given on Tuesday, March 15. The stock of Norfolk Southern Corp. (NYSE:NSC) has “Sector Perform” rating given on Tuesday, July 28 by RBC Capital Markets. The stock of Norfolk Southern Corp. (NYSE:NSC) earned “Neutral” rating by Buckingham Research on Thursday, January 28.
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 decreased to 0.9 in Q2 2016. Its down 0.06, from 0.96 in 2016Q1. The ratio worsened, 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.
Roof Eidam And Maycock Adv last reported 8,000 shares in the company. Wellington Shields & Commerce Ltd Liability Co accumulated 0.22% or 4,250 shares. Supplemental Annuity Collective Of Nj last reported 5,675 shares in the company. Stonebridge Management Inc reported 4,795 shares or 0.19% of all its holdings. Retail Bank Of America De has 0.14% invested in the company for 6.89M shares. Bahl & Gaynor holds 0.01% or 10,074 shares in its portfolio. Sentinel Tru Lba last reported 44,911 shares in the company. Parkside National Bank & Trust And Tru holds 0.04% of its portfolio in Norfolk Southern Corp. (NYSE:NSC) for 915 shares. Estabrook Capital Management has invested 0% of its portfolio in Norfolk Southern Corp. (NYSE:NSC). State Street holds 11.65M shares or 0.11% of its portfolio. Trustmark Savings Bank Department holds 4,410 shares or 0.05% of its portfolio. Amica Pension Fund Board Of Trustees holds 0.12% or 10,543 shares in its portfolio. Old Point Tru & Ser N A holds 1.78% or 34,209 shares in its portfolio. Advsrs Asset Management Inc reported 4,827 shares or 0.01% of all its holdings. Forward Mgmt Ltd Liability Com last reported 0.08% of its portfolio in the stock.
Insider Transactions: Since August 3, 2016, the stock had 0 insider purchases, and 13 insider sales for $6.80 million net activity. STEWART MARTA R sold $400,634 worth of stock. HIXON JAMES A also sold $941,508 worth of Norfolk Southern Corp. (NYSE:NSC) shares. 1,654 shares with value of $170,640 were sold by Shaw Alan H. on Wednesday, November 16. Hurlbut Thomas E had sold 850 shares worth $78,438. 8,947 shares with value of $872,971 were sold by Earhart Cynthia C on Tuesday, November 8.
More recent Norfolk Southern Corp. (NYSE:NSC) news were published by: Toledoblade.com which released: “Norfolk Southern Corp. buys land outside Swanton for $2M” on November 29, 2016. Also Wsj.com published the news titled: “Norfolk Southern Earnings Narrowly Top Views Amid Cost Cuts” on July 27, 2016. Prnewswire.com‘s news article titled: “Slidell, La., area emergency responders sharpen their skills on Norfolk …” with publication date: November 14, 2016 was also an interesting one.
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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