Norfolk Southern Corp. (NYSE: NSC) is 10.17% higher on its value in year-to-date trading and has touched a low of $183.09 and a high of $263.66 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The NSC stock was last observed hovering at around $248.16 in the last trading session, with the day’s gains setting it 12.27%.
Currently trading at $260.43, the stock is 4.76% and 4.96% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.28 million and changing 4.94% at the moment leaves the stock 8.26% off its SMA200. NSC registered 29.12% gain for a year compared to 6-month gain of 6.28%. The firm has a 50-day simple moving average (SMA 50) of $247.6608 and a 200-day simple moving average (SMA200) of $240.4085.
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The stock witnessed a 5.87% loss in the last 1 month and extending the period to 3 months gives it a 17.66%, and is 2.40% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.29% over the week and 1.95% over the month.
Norfolk Southern Corp. (NSC) has around 20700 employees, a market worth around $58.88B and $12.09B in sales. Current P/E ratio is 32.92 and Fwd P/E is 19.16. Profit margin for the company is 14.82%. Distance from 52-week low is 42.24% and -1.23% from its 52-week high. The company has generated returns on investments over the last 12 months (5.99%).
with sales reaching $3.07B over the same period.The EPS is expected to grow by 0.55% this year, but quarterly earnings will post 0.40% year-over-year. Quarterly sales are estimated to shrink -0.10% in year-over-year returns.
Norfolk Southern Corp. (NSC) Top Institutional Holders
1920.0 institutions hold shares in Norfolk Southern Corp. (NSC), with institutional investors hold 77.86% of the company’s shares. The shares outstanding are 226.10M, and float is at 225.95M with Short Float at 0.98%. Institutions hold 77.81% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 19.73 million shares valued at $4.24 billion. The investor’s holdings represent 8.7443% of the NSC Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 14.35 million shares valued at $$3.08 billion to account for 6.3601 of the shares outstanding. The other top investors are DODGE & COX which holds 10.79 million shares representing 4.7832% and valued at over $2.32 billion, while STATE STREET CORP holds 4.0476 of the shares totaling 9.13 million with a market value of $1.96 billion.
Norfolk Southern Corp. (NSC) Insider Activity
The most recent transaction is an insider sale by Shaw Alan H., the company’s Former CEO / Director. SEC filings show that Shaw Alan H. sold 51,325 shares of the company’s common stock on Sep 13 ’24 at a price of $255.98 per share for a total of $13.14 million. Following the sale, the insider now owns 35045.0 shares.
Still, SEC filings show that on Aug 01 ’24, Fahmy Sameh (Director) acquired 700 shares at an average price of $245.15 for $0.17 million. The insider now directly holds 7,700 shares of Norfolk Southern Corp. (NSC).
