What Will Happen to Norfolk Southern Corp. Next? The Stock Just Had Huge Bullish Options Activity

 What Will Happen to Norfolk Southern Corp. Next? The Stock Just Had Huge Bullish Options Activity

In today’s session Norfolk Southern Corp. (NSC) registered an unusually high (203) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the March, 2017 call, expecting serious NSC increase. With 203 contracts traded and 714 open interest for the Mar, 17 contract, it seems this is a quite bullish bet. The option with symbol: NSC170317C00110000 closed last at: $1.25 or 3.8% down. About 832,091 shares traded hands. Norfolk Southern Corp. (NYSE:NSC) has risen 25.50% since March 8, 2016 and is uptrending. It has outperformed by 16.18% the S&P500.

Analysts await Norfolk Southern Corp. (NYSE:NSC) to report earnings on October, 26. They expect $1.46 EPS, down 7.01% or $0.11 from last year’s $1.57 per share. NSC’s profit will be $424.44M for 16.40 P/E if the $1.46 EPS becomes a reality. After $1.36 actual EPS reported by Norfolk Southern Corp. for the previous quarter, Wall Street now forecasts 7.35% EPS growth.

Norfolk Southern Corp. (NYSE:NSC) Ratings Coverage

Out of 21 analysts covering Norfolk Southern Corp. (NYSE:NSC), 4 rate it a “Buy”, 2 “Sell”, while 15 “Hold”. This means 19% are positive. $97 is the highest target while $74 is the lowest. The $88.33 average target is -7.80% below today’s ($95.8) stock price. Norfolk Southern Corp. has been the topic of 36 analyst reports since July 28, 2015 according to StockzIntelligence Inc. Oppenheimer initiated the stock with “Market Perform” rating in Thursday, June 16 report. Topeka Capital Markets maintained the stock with “Hold” rating in Wednesday, November 25 report. On Friday, September 11 the stock rating was upgraded by Bank of America to “Buy”. The stock has “Sector Perform” rating given by RBC Capital Markets on Tuesday, July 28. The stock of Norfolk Southern Corp. (NYSE:NSC) earned “Market Perform” rating by BMO Capital Markets on Tuesday, November 24. The firm has “Outperform” rating by Cowen & Co given on Monday, October 5. The stock has “Neutral” rating given by UBS on Tuesday, July 28. The firm has “Sector Outperform” rating by Scotia Capital given on Tuesday, March 15. Loop Capital initiated Norfolk Southern Corp. (NYSE:NSC) on Thursday, August 4 with “Hold” rating. The firm has “Neutral” rating given on Thursday, August 11 by Atlantic Securities.

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)”

Insitutional Activity: The institutional sentiment increased to 0.96 in Q2 2016. Its up 0.16, from 0.8 in 2016Q1. The ratio increased, as 48 funds sold all Norfolk Southern Corp. shares owned while 317 reduced positions. 77 funds bought stakes while 272 increased positions. They now own 196.51 million shares or 2.16% less from 200.85 million shares in 2016Q1.
State Board Of Administration Of Florida Retirement Sys accumulated 0.12% or 441,956 shares. Estabrook Mgmt accumulated 87,755 shares or 0% of the stock. Cadence Bank & Trust Na accumulated 17,712 shares or 0.74% of the stock. Advisory Services Networks Ltd Liability Co owns 7,143 shares or 0.14% of their US portfolio. Point72 Asset Management Limited Partnership owns 183,500 shares or 0.11% of their US portfolio. Commerzbank Aktiengesellschaft Fi has 10,237 shares for 0.01% of their US portfolio. Canandaigua Retail Bank Company last reported 26,644 shares in the company. Factory Mutual Ins has 0.22% invested in the company for 200,300 shares. Geneva Advsrs Llc, a Illinois-based fund reported 13,628 shares. Salem Investment Counselors Inc holds 0.05% or 4,486 shares in its portfolio. Motco holds 0.01% or 693 shares in its portfolio. Moreover, Barrow Hanley Mewhinney & Strauss Ltd has 0.35% invested in Norfolk Southern Corp. (NYSE:NSC) for 2.67 million shares. Cushing Asset Mngmt L P owns 67,903 shares or 0.21% of their US portfolio. Founders Mgmt has 0.1% invested in the company for 2,008 shares. Edgar Lomax Va holds 0.89% or 167,520 shares in its portfolio.

Insider Transactions: Since April 25, 2016, the stock had 0 insider buys, and 7 insider sales for $2.08 million net activity. Another trade for 6,500 shares valued at $585,248 was sold by Earhart Cynthia C. Hurlbut Thomas E also sold $78,438 worth of Norfolk Southern Corp. (NYSE:NSC) on Wednesday, August 24. HIXON JAMES A had sold 10,000 shares worth $941,508. STEWART MARTA R had sold 3,064 shares worth $280,538 on Thursday, August 18.

Norfolk Southern Corporation is a holding firm engaged in the rail transportation business. The company has a market cap of $27.85 billion. The Firm operates approximately 20,000 miles of road primarily in the East and Midwest. It has a 17.96 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.

NSC Company Profile

Norfolk Southern Corporation, incorporated on August 24, 2009, is a holding firm engaged in the rail transportation business. The Firm operates approximately 20,000 miles of road primarily in the East and Midwest. 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. The Firm also transports overseas freight through various Atlantic and Gulf Coast ports. The Firm provides logistics services and offers the intermodal network in the eastern half of the United States. The Company’s system reaches various manufacturing plants, electric generating facilities, mines, distribution centers and other businesses located in its service area.

More important recent Norfolk Southern Corp. (NYSE:NSC) news were published by: Fool.com which released: “Better Buy: CSX Corp. or Norfolk Southern Corp.?” on January 23, 2016, also Wsj.com published article titled: “Norfolk Southern Steps Up Fight Against Canadian Pacific Merger”, Wsj.com published: “Norfolk Southern Earnings Narrowly Top Views Amid Cost Cuts” on July 27, 2016. More interesting news about Norfolk Southern Corp. (NYSE:NSC) was released by: Forbes.com and their article: “Ex-Dividend Reminder: Norfolk Southern, Mueller Water Products and Standex …” with publication date: August 02, 2016.

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