Norfolk Southern Corporation (NSC) Near Bullish Double Top At $152.34

June 29, 2018 - By Charla Downs

Norfolk Southern Corporation (NYSE:NSC) Corporate Logo

During Q1 2018 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 worsened. 228 rose holdings while 94 funds took holdings. Funds hold 198.67 million shares thus 0.72% more from 2017Q4’s 197.25 million shares.
Boys Arnold & invested in 0.12% or 6,033 shs. Baxter Bros owns 23,975 shs or 0.89% of their US capital. 13,282 were reported by Albert D Mason. Advisor Partners Limited Com, California-based fund reported 5,949 shs. Fca Tx invested 0.19% in Norfolk Southern Corporation (NYSE:NSC). Us Bancorp De invested in 0.12% or 283,663 shs. Commonwealth Fincl Bank Of Australia has 1.49% invested in Norfolk Southern Corporation (NYSE:NSC) for 1.02 million shs. Port Solutions Limited Co holds 0% or 42 shs in its capital. Csu Producer Incorporated invested 12.74% of its capital in Norfolk Southern Corporation (NYSE:NSC). Jones Fincl Lllp owns 3,394 shs. Nelson Van Denburg Campbell Wealth Mngmt Grp Ltd Liability has invested 0% of its capital in Norfolk Southern Corporation (NYSE:NSC). Rafferty Asset Mgmt Ltd Co holds 0.01% in Norfolk Southern Corporation (NYSE:NSC) or 4,027 shs. Axa holds 0.04% of its capital in Norfolk Southern Corporation (NYSE:NSC) for 69,559 shs. Old Point Services N A invested 2.15% of its capital in Norfolk Southern Corporation (NYSE:NSC). Cetera Advsrs Lc holds 0.01% or 1,809 shs in its capital.

Norfolk Southern Corporation had 8 sales and 0 insider purchases since February 1, 2018. This’s net activity of $4.08 million. The insider Earhart Cynthia C sold 6,588 shs worth $994,340. On Friday, April 27 a trade for 2,762 shs valued at $401,885 was made by Hurlbut Thomas E. Squires James A sold 10,000 shs worth $1.50M.

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.

The stock increased 1.75% or $2.62 during the last trading session, hitting $152.34.Norfolk Southern Corporation has volume of 377,264 shares. Since June 29, 2017 NSC has risen 27.76% and is uptrending. The stock outperformed the S&P 500 by 15.19%.

On July, 25. Investors wait Norfolk Southern Corporation (NYSE:NSC) to publish its quarterly earnings, according to Zacks. Analysts expect change of 30.99 % or $0.53 from previous year’s $1.71 earnings per share compared to current’s $2.24 earnings per share. If $2.24 is reported, NSC’s profit will reach $632.89 million for 17.00 P/E. After $1.93 earnings per share was announced last quarter, analysts now see EPS growth of 16.06 % for Norfolk Southern Corporation.

Norfolk Southern Corporation (NYSE:NSC) Ratings Coverage

Total analysts of 16 have positions in Norfolk Southern (NYSE:NSC) as follows: 6 rated it a “Buy”, 2 with “Sell” and 8 with “Hold”. The positive are 38%. The firm has $192 highest while $100 is the lowest target price. The average target $157.67 is 3.50% above the last ($152.34) price. Since January 8, 2018 according to StockzIntelligence Inc Norfolk Southern has 27 analyst reports. In Wednesday, January 24 report Susquehanna maintained the stock with “Buy” rating. On Tuesday, April 10 RBC Capital Markets maintained Norfolk Southern Corporation (NYSE:NSC) with “Hold” rating. On Friday, January 12 the company was upgraded by Scotia Capital. On Thursday, March 15 Credit Suisse maintained Norfolk Southern Corporation (NYSE:NSC) with “Outperform” rating. On Wednesday, February 28 Cowen & Co maintained the shares of NSC in report with “Buy” rating. In Monday, June 25 report Citigroup upgraded the stock to “Buy” rating. The company rating was maintained by Susquehanna on Monday, April 2. On Thursday, April 26 Bernstein maintained the shares of NSC in report with “Hold” rating. On Thursday, January 25 the rating was maintained by JP Morgan with “Neutral”. On Tuesday, April 10 the firm has “Hold” rating by Robert W. Baird given.

More recent Norfolk Southern Corporation (NYSE:NSC) news were announced 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 announced on June 21, 2018. The next is “Benzinga’s Top Upgrades, Downgrades For June 25, 2018” on June 25, 2018. And last was announced 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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