Are Norfolk Southern (NYSE:NSC) Shares Reaching An Inflection Point; Barclays Decides to Upgrades Company


Norfolk Southern (NYSE:NSC) Stock Upgrade

Barclays boosted shares of Norfolk Southern (NYSE:NSC) stock to a Equal Weight rating from their previous Underweight. The announcement of this change was revealed in an analyst note earlier today. The firm presently has a respectable $95.0 PT on shares. –

From a total of 21 analysts covering Norfolk Southern Corp. (NYSE:NSC) stock, 8 rate it a ”Buy”, 4 a “Sell”, and 16 a ”Hold”. This means that 29% of the ratings are positive. The highest target price is $98 while the lowest target price is $70. The mean of all analyst targets is $89.33 with a -4.33% below today’s ($92.82) stock price. Norfolk Southern Corp. was the topic of 16 analyst reports since July 28, 2015 according to the firm StockzIntelligence Inc. Topeka Capital Markets maintained shares on November 25 with “Hold” rating. Barclays Capital downgraded shares to “Underweight” rating and $76 target share price in a report from an October 5. Macquarie Research downgraded NSC stock in a recent report from November 2 to “Underperform” rating. Citigroup maintained the rating on October 2. Citigroup has a “Neutral” rating and a $86 price target on shares. Finally, Cowen & Co maintained the stock with “Outperform” rating in a report issued on an October 5.

Approximately 1.68 million shares of stock traded hands. Norfolk Southern Corp. (NYSE:NSC) has declined 11.30% since May 4, 2015 and is downtrending. It has underperformed by 10.22% the S&P500.

The overall sentiment of institutions has increased to 0.87 in Q2 2015. Its up 0.19, from 0.68 in 2015Q2. The ratio improved, as 91 institutions have sold all the shares of Norfolk Southern Corp. that they owned while 319 funds have taken shares off the table. 56 funds have purchased shares for the first time while 300 added to their positions. These institutions now hold 182.82 million shares or 10.09% less than the 203.33 million shares they owned in 2015Q2.

The Fund Csu Producer Resources Inc. currently is holding shares equating to 14.3% of its total portfolio in Norfolk Southern Corp. representing a total of 21,400 shares. Another fund,Rare Infrastructure Ltd, is holding a total of 3.58 million shares equating to 11.51% of their holdings. Additionally, Wilbanks Smith & Thomas Asset Management Llc has a 440,965 share stake in Norfolk Southern Corp. which represents 4.78% of their total portfolio. The Fund, Newland Capital Management Llc, based out of New York, has also built up a stake in the stock, which represents a total of 4.68% of their total portfolio. Finally Skylands Capital Llc, a fund which is based in the state of Wisconsin reported a total holdings of 448,800 shares.

Norfolk Southern Corporation is a holding company. The company has a market cap of $27.64 billion. The Firm owns a freight railroad, Norfolk Southern Railway Company. It has 16.7 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 and through interchange with rail carriers, to and from the rest of the United States.

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)” Get a free copy of the Zacks research report on Norfolk Southern Corp. (NSC).