Norfolk Southern Corporation (NSC) Forms Bullish Double Top Pattern Trading at $152.34

June 29, 2018 - By Mark Williams

Norfolk Southern Corporation (NYSE:NSC) Corporate Logo

Big Money Sentiment decreased to 0.75 in 2018 Q1. It has change of 0.08, from 2017Q4’s 0.83. The ratio dropped due to Norfolk Southern Corporation positioning: 53 sold and 375 reduced. 94 funds acquired holdings and 228 increased holdings. Investors holded 197.25 million in 2017Q4 but now own 198.67 million shares or 0.72% more.
Td Asset Incorporated accumulated 188,522 shs or 0.04% of the stock. Louisiana State Employees Retirement Sys reported 17,400 shs. Windsor Mgmt Limited Liability Co, a Arizona-based fund reported 4,100 shs. 31,529 were accumulated by Whittier Of Nevada Inc. Stewart Patten Ltd Liability Co accumulated 7,050 shs or 0.18% of the stock. Tower Rech Ltd Liability Company (Trc) has invested 0.02% in Norfolk Southern Corporation (NYSE:NSC). 31,391 are owned by Convergence Invest Prtn Limited Liability Com. Guyasuta holds 0.03% of its capital in Norfolk Southern Corporation (NYSE:NSC) for 2,188 shs. Veritable Lp has 16,309 shs. The Michigan-based Telemus Limited Liability Company has invested 0.02% in Norfolk Southern Corporation (NYSE:NSC). Ohio-based Fort Washington Inc Oh has invested 0.02% in Norfolk Southern Corporation (NYSE:NSC). Gulf Comml Bank (Uk) Ltd owns 90,367 shs. Chevy Chase holds 255,890 shs or 0.15% of its capital. Moreover, Boston Advsrs Limited Liability has 0.15% invested in Norfolk Southern Corporation (NYSE:NSC). Cypress Asset Mngmt Tx holds 3,285 shs.

Norfolk Southern Corporation had 8 sales and 0 insider buys since February 1, 2018. This’s net activity of $4.08 million. Earhart Cynthia C also sold $994,340 worth of Norfolk Southern Corporation (NYSE:NSC) on Thursday, May 10. On Friday, February 16 $244,011 worth of stock was sold by Wheeler Michael Joseph. 10,000 Norfolk Southern Corporation (NYSE:NSC) shs with value of $1.50M were sold by Squires James A.

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.

NSC reached $152.34 during the last trading session after $2.62 change.Currently Norfolk Southern Corporation is uptrending after 27.76% change in last June 29, 2017. NSC has 377,264 shares volume. NSC outperformed the S&P500 by 15.19%.

Norfolk Southern Corporation (NYSE:NSC)’s earnings report is anticipated on July, 25., according to RTT. EPS of $2.24 is 30.99 % up from 2017’s $1.71 EPS. The profit will be $632.89M for NSC if $2.24 EPS becomes true. 16.06 % EPS growth is what analysts predict. $1.93 EPS was published for previous quarter.

Norfolk Southern Corporation (NYSE:NSC) Ratings Coverage

In total 16 analysts cover Norfolk Southern (NYSE:NSC). “Buy” rating has 6, “Sell” are 2, while 8 are “Hold”. 38% are bullish. With $192 highest and $100 lowest price target Norfolk Southern has $157.67 average price target or 3.50% above the current ($152.34) price. 27 are the (NYSE:NSC)’s analyst reports since January 8, 2018 according to StockzIntelligence Inc. On Thursday, April 26 Bernstein maintained the shares of NSC in report with “Hold” rating. The stock rating was upgraded by Citigroup to “Buy” on Monday, June 25. On Tuesday, January 9 the rating was maintained by RBC Capital Markets with “Sell”. On Thursday, March 15 Credit Suisse maintained Norfolk Southern Corporation (NYSE:NSC) rating. Credit Suisse has “Outperform” rating and $164 target. On Wednesday, April 25 the stock of Norfolk Southern Corporation (NYSE:NSC) earned “Buy” rating by Scotia Capital. On Wednesday, April 25 the stock has “Buy” rating by Cowen & Co. In Wednesday, April 25 report BMO Capital Markets maintained it with “Hold” rating and $16000 target. On Tuesday, January 16 the firm has “Buy” rating given by Susquehanna. On Thursday, April 26 the firm has “Neutral” rating by JP Morgan given. In Thursday, January 25 report Robert W. Baird maintained it with “Hold” rating and $160.0 target.

More recent Norfolk Southern Corporation (NYSE:NSC) news were announced by Benzinga.com, Globenewswire.com and Forbes.com. The first one has “Benzinga’s Top Upgrades, Downgrades For June 25, 2018” as a title and was announced on June 25, 2018. The next is “Recent Analysis Shows Public Storage, Arconic, Apartment Investment and Management, Kinder Morgan, Norfolk …” on June 25, 2018. And last was announced on June 21, 2018, called “A Quick Snapshot Of Norfolk Southern’s Chemical Freight Segment”.

Norfolk Southern Corporation (NYSE:NSC) Institutional Investors Chart

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