Norfolk Southern (NSC)

• Market cap: $55.5B
• 1 day: -0.72%
• 5 days: 4.90%
• 1 month: 1.18%
• 3 months: -1.17%
• 6 months: 4.64%
• Year to date: 4.58%
• 1 year: 8.49%
• 5 years: 17.21%
• 10 years: 137.16%
• Sector: Industrials
• Industry: Railroads, Line-Haul Operating

About: Class-I railroad Norfolk Southern operates in the Eastern United States. On more than 20,000 miles of track, the rail hauls shipments of coal, intermodal traffic, and a diverse mix of automobile, agriculture, metal, chemical, and forest products.

Employees: 20,700

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

66% more first-time investments, than exits

New positions opened: 166 | Existing positions closed: 100

37% more call options, than puts

Call options by funds: $236M | Put options by funds: $172M

23% more funds holding in top 10

Funds holding in top 10: 13 [Q2] → 16 (+3) [Q3]

12% more capital invested

Capital invested by funds: $39.3B [Q2] → $44.1B (+$4.85B) [Q3]

3% more funds holding

Funds holding: 1,536 [Q2] → 1,578 (+42) [Q3]

0.39% less ownership

Funds ownership: 80.33% [Q2] → 79.94% (-0.39%) [Q3]

19% less repeat investments, than reductions

Existing positions increased: 474 | Existing positions reduced: 583

Research analyst outlook

13 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $259 6% upside
• Avg. target: $286 17% upside
• High target: $316 29% upside

13 analyst ratings

• positive: 10 77%
• neutral: 3 23%
• negative: 0 0%

Susquehanna Bascome Majors 59% 1-year accuracy 26 / 44 met price target	8% upside $265	Neutral Maintained	8 Jan 2025
Wells Fargo Christian Wetherbee 49% 1-year accuracy 20 / 41 met price target	22% upside $300	Overweight Maintained	7 Jan 2025
Barclays Brandon Oglenski 50% 1-year accuracy 34 / 68 met price target	24% upside $305	Overweight Maintained	13 Nov 2024
Citigroup Ariel Rosa 30% 1-year accuracy 8 / 27 met price target	29% upside $316	Buy Maintained	12 Nov 2024
RBC Capital Walter Spracklin 33% 1-year accuracy 6 / 18 met price target	15% upside $282	Outperform Maintained	23 Oct 2024