Stock of The Day: Norfolk Southern Corp (NYSE:NSC) Institutional Investors Sentiment

November 24, 2016 - By Louis Casey   ·   0 Comments

Stock of The Day: Norfolk Southern Corp (NYSE:NSC) Institutional Investors Sentiment

Sentiment for Norfolk Southern Corp (NYSE:NSC)

Norfolk Southern Corp (NYSE:NSC) institutional sentiment decreased to 0.9 in 2016 Q2. Its down -0.06, from 0.96 in 2016Q1. The ratio has worsened, as 349 hedge funds started new or increased positions, while 365 sold and reduced their stakes in Norfolk Southern Corp. The hedge funds in our partner’s database now possess: 196.51 million shares, down from 200.85 million shares in 2016Q1. Also, the number of hedge funds holding Norfolk Southern Corp in their top 10 positions decreased from 9 to 5 for a decrease of 4. Sold All: 48 Reduced: 317 Increased: 272 New Position: 77.

Norfolk Southern Corporation is a holding firm engaged in the rail transportation business. The company has a market cap of $30.41 billion. The Firm operates approximately 20,000 miles of road primarily in the East and Midwest. It has a 19.28 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.

The stock increased 0.12% or $0.12 on November 23, hitting $104.04. Norfolk Southern Corp. (NYSE:NSC) has risen 13.92% since April 22, 2016 and is uptrending. It has outperformed by 8.51% 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 $394.59 million for 19.27 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.

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)”

Csu Producer Resources Inc. holds 11.5% of its portfolio in Norfolk Southern Corp. for 21,400 shares. Rare Infrastructure Ltd owns 2.87 million shares or 10.93% of their US portfolio. Moreover, Wilbanks Smith & Thomas Asset Management Llc has 3.66% invested in the company for 414,038 shares. The Georgia-based Cornerstone Investment Partners Llc has invested 3.41% in the stock. M. Kraus & Co, a Vermont-based fund reported 53,903 shares.#img1#

Insider Transactions: Since January 1, 0001, the stock had 0 buys, and 13 selling transactions for $6.80 million net activity.

Norfolk Southern Corp. (NYSE:NSC) Ratings Coverage

Ratings analysis reveals 29% of Norfolk Southern Corp.’s analysts are positive. Out of 21 Wall Street analysts rating Norfolk Southern Corp., 6 give it “Buy”, 3 “Sell” rating, while 12 recommend “Hold”. The lowest target is $74 while the high is $110. The stock’s average target of $89.47 is -14.00% below today’s ($104.04) share price. NSC was included in 40 notes of analysts from July 28, 2015. UBS maintained Norfolk Southern Corp. (NYSE:NSC) rating on Tuesday, July 28. UBS has “Neutral” rating and $88 price target. On Tuesday, July 28 the stock rating was maintained by RBC Capital Markets with “Sector Perform”. The rating was reinitiated by Morgan Stanley on Friday, June 3 with “Underweight”. Cowen & Co maintained it with “Outperform” rating and $89 target price in Thursday, January 28 report. The rating was maintained by Cowen & Co on Monday, October 5 with “Outperform”. The stock of Norfolk Southern Corp. (NYSE:NSC) earned “Mkt Perform” rating by Avondale on Thursday, January 28. The stock has “Hold” rating given by Topeka Capital Markets on Tuesday, August 11. The company was initiated on Tuesday, March 15 by Scotia Capital. Citigroup maintained the stock with “Neutral” rating in Tuesday, September 13 report. Deutsche Bank initiated Norfolk Southern Corp. (NYSE:NSC) rating on Wednesday, November 2. Deutsche Bank has “Buy” rating and $110 price target.

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.

More recent Norfolk Southern Corp. (NYSE:NSC) news were published by: Forbes.com which released: “Ex-Dividend Reminder: Norfolk Southern, Mueller Water Products and Standex …” on August 02, 2016. Also Prnewswire.com published the news titled: “Slidell, La., area emergency responders sharpen their skills on Norfolk …” on November 14, 2016. Prnewswire.com‘s news article titled: “Area emergency responders hone their skills on Norfolk Southern safety train” with publication date: October 28, 2016 was also an interesting one.

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By Louis Casey


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