Norfolk Southern Corp (NYSE:NSC) Institutional Investors Q2 2018 Sentiment

September 30, 2018 - By Kristin Houston

Norfolk Southern Corporation (NYSE:NSC) Logo

Sentiment for Norfolk Southern Corp (NYSE:NSC)

Norfolk Southern Corp (NYSE:NSC) institutional sentiment increased to 0.8 in Q2 2018. Its up 0.05, from 0.75 in 2018Q1. The ratio improved, as 328 institutional investors increased and opened new stock positions, while 410 cut down and sold holdings in Norfolk Southern Corp. The institutional investors in our partner’s database now possess: 194.66 million shares, down from 198.67 million shares in 2018Q1. Also, the number of institutional investors holding Norfolk Southern Corp in their top 10 stock positions increased from 16 to 20 for an increase of 4. Sold All: 40 Reduced: 370 Increased: 236 New Position: 92.

Norfolk Southern Corporation, together with its subsidiaries, engages in the rail transportation of raw materials, intermediate products, and finished goods in the United States. The company has market cap of $50.55 billion. It also transports overseas freight through various Atlantic and Gulf Coast ports. It has a 9.02 P/E ratio. In addition, the firm is involved in the operation of scheduled passenger trains; leasing or sale of rail property and equipment; development of commercial real estate; telecommunications; and the acquisition, leasing, and management of coal, oil, gas, and minerals, as well as the transport of automotive and industrial products.

The stock decreased 1.00% or $1.83 during the last trading session, reaching $180.5. About 2.57 million shares traded or 50.96% up from the average. Norfolk Southern Corporation (NYSE:NSC) has risen 40.63% since September 30, 2017 and is uptrending. It has outperformed by 25.01% the S&P500.

Analysts await Norfolk Southern Corporation (NYSE:NSC) to report earnings on October, 24. They expect $2.43 EPS, up 38.86 % or $0.68 from last year’s $1.75 per share. NSC’s profit will be $680.47M for 18.57 P/E if the $2.43 EPS becomes a reality. After $2.50 actual EPS reported by Norfolk Southern Corporation for the previous quarter, Wall Street now forecasts -2.80 % negative EPS growth.

Csu Producer Resources Inc. holds 13.53% of its portfolio in Norfolk Southern Corporation for 21,400 shares. Soroban Capital Partners Lp owns 4.09 million shares or 8.34% of their US portfolio. Moreover, Wilbanks Smith & Thomas Asset Management Llc has 5.06% invested in the company for 418,927 shares. The New York-based Hap Trading Llc has invested 4.63% in the stock. M. Kraus & Co, a Vermont-based fund reported 48,510 shares.

Since January 1, 0001, it had 0 insider purchases, and 6 sales for $8.39 million activity.

Norfolk Southern Corporation (NYSE:NSC) Ratings Coverage

Ratings analysis reveals 53% of Norfolk Southern’s analysts are positive. Out of 15 Wall Street analysts rating Norfolk Southern, 8 give it “Buy”, 0 “Sell” rating, while 7 recommend “Hold”. The lowest target is $14500 while the high is $192. The stock’s average target of $165.50 is -8.31% below today’s ($180.5) share price. NSC was included in 19 notes of analysts from April 2, 2018. As per Monday, June 25, the company rating was upgraded by Citigroup. The firm earned “Neutral” rating on Thursday, April 26 by JP Morgan. The firm has “Hold” rating given on Tuesday, April 10 by Robert W. Baird. The rating was maintained by Cowen & Co with “Buy” on Wednesday, April 25. Argus Research maintained the stock with “Buy” rating in Tuesday, July 31 report. Scotia Capital maintained the stock with “Buy” rating in Wednesday, April 25 report. The firm earned “Outperform” rating on Thursday, April 26 by Credit Suisse. The firm has “Hold” rating by RBC Capital Markets given on Wednesday, April 25. Bernstein maintained it with “Hold” rating and $15900 target in Thursday, April 26 report. UBS maintained it with “Buy” rating and $189 target in Thursday, July 26 report.

More notable recent Norfolk Southern Corporation (NYSE:NSC) news were published by: Benzinga.com which released: “Coal Exports Face Delays As US East Coast Rail Service Slows For Florence” on September 13, 2018, also Bizjournals.com with their article: “Watch as emotions run high during Gulch incentives meeting (Video)” published on September 28, 2018, Benzinga.com published: “North Carolina Ports See Florence Damage And Will Remain Closed Until Mid-Week” on September 17, 2018. More interesting news about Norfolk Southern Corporation (NYSE:NSC) were released by: Benzinga.com and their article: “Loop Switches To Bullish Stance On Union Pacific, Cites Railroad’s New Operating Plan” published on September 18, 2018 as well as Bizjournals.com‘s news article titled: “‘Black Panther’ actor: Atlanta rife with ‘actorpreneur’ opportunities” with publication date: September 19, 2018.

Norfolk Southern Corporation (NYSE:NSC) Institutional Positions Chart

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