Norfolk Southern Corp (NYSE:NSC) Institutional Investor Sentiment Trend

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Sentiment for Norfolk Southern Corp (NYSE:NSC)

Norfolk Southern Corp (NYSE:NSC) institutional sentiment decreased to 0.81 in 2019 Q2. Its down -0.01, from 0.82 in 2019Q1. The ratio turned negative, as 340 funds increased and opened new positions, while 419 sold and trimmed positions in Norfolk Southern Corp. The funds in our partner’s database now possess: 183.70 million shares, down from 187.44 million shares in 2019Q1. Also, the number of funds holding Norfolk Southern Corp in their top 10 positions increased from 22 to 23 for an increase of 1. Sold All: 36 Reduced: 383 Increased: 243 New Position: 97.

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 $47.99 billion. It also transports overseas freight through various Atlantic and Gulf Coast ports. It has a 17.68 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 increased 2.03% or $3.63 during the last trading session, reaching $182.19. About 1.70 million shares traded. Norfolk Southern Corporation (NYSE:NSC) has risen 13.44% since September 13, 2018 and is uptrending. It has outperformed by 13.44% the S&P500.

Analysts await Norfolk Southern Corporation (NYSE:NSC) to report earnings on October, 23. They expect $2.76 EPS, up 9.52 % or $0.24 from last year’s $2.52 per share. NSC’s profit will be $727.00 million for 16.50 P/E if the $2.76 EPS becomes a reality. After $2.70 actual EPS reported by Norfolk Southern Corporation for the previous quarter, Wall Street now forecasts 2.22 % EPS growth.

Csu Producer Resources Inc. holds 15.72% of its portfolio in Norfolk Southern Corporation for 21,400 shares. Impala Asset Management Llc owns 644,038 shares or 5.79% of their US portfolio. Moreover, M. Kraus & Co has 5.27% invested in the company for 47,526 shares. The Virginia-based Wilbanks Smith & Thomas Asset Management Llc has invested 5.04% in the stock. Palestra Capital Management Llc, a New York-based fund reported 802,883 shares.

Since January 1, 0001, it had 1 buy, and 0 insider sales for $100,546 activity.

Norfolk Southern Corporation (NYSE:NSC) Ratings Coverage

Ratings analysis reveals 43% of Norfolk Souther’s analysts are positive. Out of 7 Wall Street analysts rating Norfolk Souther, 3 give it “Buy”, 1 “Sell” rating, while 3 recommend “Hold”. The lowest target is $13800 while the high is $23700. The stock’s average target of $204.43 is 12.21% above today’s ($182.19) share price. NSC was included in 11 notes of analysts from March 19, 2019. Barclays Capital maintained Norfolk Southern Corporation (NYSE:NSC) rating on Thursday, April 25. Barclays Capital has “Equal-Weight” rating and $21000 target. Deutsche Bank maintained the stock with “Hold” rating in Wednesday, June 12 report. The stock has “Underweight” rating by Morgan Stanley on Monday, April 29. Bank of America maintained Norfolk Southern Corporation (NYSE:NSC) rating on Thursday, September 5. Bank of America has “Buy” rating and $21500 target. On Thursday, April 25 the stock rating was maintained by BMO Capital Markets with “Market Perform”. Citigroup maintained the shares of NSC in report on Thursday, April 4 with “Buy” rating.

More notable recent Norfolk Southern Corporation (NYSE:NSC) news were published by: Prnewswire.com which released: “Norfolk Southern to present at Cowen and Company 12th Annual Global Transportation Conference – PRNewswire” on August 28, 2019, also Finance.Yahoo.com with their article: “Can Norfolk Southern Corporation (NYSE:NSC) Maintain Its Strong Returns? – Yahoo Finance” published on May 07, 2019, Prnewswire.com published: “Norfolk Southern names Sutherland, Farrell to new executive positions – PRNewswire” on August 14, 2019. More interesting news about Norfolk Southern Corporation (NYSE:NSC) were released by: Finance.Yahoo.com and their article: “Greenbrier, CSX And Norfolk Southern Announce Executive Appointments – Yahoo Finance” published on August 29, 2019 as well as Seekingalpha.com‘s news article titled: “Norfolk Southern Q1 2019 Earnings Preview – Seeking Alpha” with publication date: April 23, 2019.

Norfolk Southern Corporation (NYSE:NSC) Institutional Positions Chart

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