What’s Next for Norfolk Southern Corp. (NSC) After Making 52-Week High?

September 17, 2017 - By Henry Gaston

Investors sentiment decreased to 0.81 in Q4 2016. Its down 0.09, from 0.9 in 2016Q3. It is negative, as 54 investors sold Norfolk Southern Corp. shares while 354 reduced holdings. 87 funds opened positions while 242 raised stakes. 197.51 million shares or 1.15% more from 195.27 million shares in 2016Q3 were reported.
Dubuque Financial Bank accumulated 66,256 shares or 1.27% of the stock. Bancorpsouth owns 26,060 shares for 0.31% of their portfolio. France-based Natixis has invested 0.5% in Norfolk Southern Corp. (NYSE:NSC). Asset Management stated it has 9,992 shares or 0.22% of all its holdings. Greenwood Capital Assocs Limited Liability Corp owns 0.06% invested in Norfolk Southern Corp. (NYSE:NSC) for 1,910 shares. Next Fincl Group owns 4,896 shares. Kanawha Mngmt Llc has 1.25% invested in Norfolk Southern Corp. (NYSE:NSC). Raymond James Fincl Serv Advsr has invested 0.06% of its portfolio in Norfolk Southern Corp. (NYSE:NSC). Johnson Invest Counsel Inc holds 0.4% or 121,620 shares. Westpac Bk has 19,680 shares for 0% of their portfolio. 213,716 were accumulated by Earnest Ptnrs Limited Liability Company. 7,376 are owned by New Vernon Invest Mgmt Ltd Llc. Scotia Cap has 0% invested in Norfolk Southern Corp. (NYSE:NSC). Steinberg Asset Mgmt owns 0.05% invested in Norfolk Southern Corp. (NYSE:NSC) for 2,535 shares. United National Bank holds 0.1% or 2,125 shares.

Since May 4, 2017, it had 0 buys, and 5 sales for $515,842 activity. Hurlbut Thomas E had sold 1,427 shares worth $166,839 on Friday, May 12. On Friday, May 5 LOCKHART MICHAEL D sold $117 worth of Norfolk Southern Corp. (NYSE:NSC) or 1 shares. $117 worth of Norfolk Southern Corp. (NYSE:NSC) was sold by Galanko William Andrew on Thursday, May 4.

The stock of Norfolk Southern Corp. (NYSE:NSC) hit a new 52-week high and has $133.16 target or 4.00 % above today’s $128.04 share price. The 6 months bullish chart indicates low risk for the $36.90 billion company. The 1-year high was reported on Sep, 17 by Barchart.com. If the $133.16 price target is reached, the company will be worth $1.48 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.

The stock increased 0.87% or $1.11 on September 15, reaching $128.04. About 1.66M shares traded or 9.93% up from the average. Norfolk Southern Corp. (NYSE:NSC) has risen 34.32% since September 17, 2016 and is uptrending. It has outperformed by 17.62% the S&P500.

Analysts await Norfolk Southern Corp. (NYSE:NSC) to report earnings on October, 25. They expect $1.62 EPS, up 4.52 % or $0.07 from last year’s $1.55 per share. NSC’s profit will be $466.87 million for 19.76 P/E if the $1.62 EPS becomes a reality. After $1.71 actual EPS reported by Norfolk Southern Corp. for the previous quarter, Wall Street now forecasts -5.26 % negative EPS growth.

Norfolk Southern Corp. (NYSE:NSC) Ratings Coverage

Among 25 analysts covering Norfolk Southern Corp. (NYSE:NSC), 5 have Buy rating, 5 Sell and 15 Hold. Therefore 20% are positive. Norfolk Southern Corp. had 64 analyst reports since July 28, 2015 according to SRatingsIntel. The firm has “Buy” rating given on Thursday, July 27 by Credit Suisse. The firm has “Underperform” rating by Avondale given on Wednesday, October 12. The rating was upgraded by Avondale to “Mkt Perform” on Thursday, January 28. The company was maintained on Thursday, August 10 by BMO Capital Markets. RBC Capital Markets maintained it with “Sell” rating and $11500 target in Thursday, July 6 report. The rating was downgraded by Macquarie Research to “Underperform” on Monday, November 2. As per Thursday, August 4, the company rating was initiated by Loop Capital. The rating was maintained by Credit Suisse with “Neutral” on Friday, February 19. The stock has “Hold” rating by Deutsche Bank on Monday, October 12. The stock of Norfolk Southern Corp. (NYSE:NSC) earned “Equal-Weight” rating by Barclays Capital on Monday, April 11.

More notable recent Norfolk Southern Corp. (NYSE:NSC) news were published by: Cleveland.com which released: “Lorain man killed by train Saturday, police say” on September 17, 2017, also Pennrecord.com with their article: “Lackawanna court rules Norfolk Southern cannot be successor-in-interest for …” published on September 13, 2017, Seekingalpha.com published: “Switch From CSX Into Norfolk Southern” on August 21, 2017. More interesting news about Norfolk Southern Corp. (NYSE:NSC) were released by: Reuters.com and their article: “Norfolk Southern resumes limited trains service in Irma-hit areas” published on September 12, 2017 as well as Reuters.com‘s news article titled: “Norfolk Southern says rail traffic closed to ports in US Southeast” with publication date: September 11, 2017.

Norfolk Southern Corporation is a holding firm engaged in the rail transportation business. The company has market cap of $36.90 billion. As of December 31, 2016, the Company operated approximately 19,500 miles of road primarily in the East and Midwest. It has a 20.99 P/E ratio. The Firm is engaged in the rail transportation of raw materials, intermediate products and finished goods primarily in the Southeast, East and Midwest.

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