Norfolk Southern (NSC)

• Market cap: $50B
• 1 day: 0.31%
• 5 days: 2.30%
• 1 month: -5.40%
• 3 months: -12.89%
• 6 months: -11.35%
• Year to date: -4.50%
• 1 year: -2.72%
• 5 years: 30.95%
• 10 years: 122.16%
• Sector: Industrials
• Industry: Railroads

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 automotive, agriculture, metal, chemical, and forest products.

Employees: 19,600

Fund manager confidence

Based on 2024 Q4 regulatory disclosures by fund managers ($100M+ AUM)

105% more first-time investments, than exits

New positions opened: 195 | Existing positions closed: 95

100% more call options, than puts

Call options by funds: $355M | Put options by funds: $178M

4% more funds holding

Funds holding: 1,583 [Q3] → 1,648 (+65) [Q4]

1.97% more ownership

Funds ownership: 74.9% [Q3] → 76.88% (+1.97%) [Q4]

3% more capital invested

Capital invested by funds: $41.8B [Q3] → $42.9B (+$1.2B) [Q4]

11% less repeat investments, than reductions

Existing positions increased: 510 | Existing positions reduced: 573

25% less funds holding in top 10

Funds holding in top 10: 16 [Q3] → 12 (-4) [Q4]

Research analyst outlook

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

• Low target: $247 10% upside
• Avg. target: $267 19% upside
• High target: $290 29% upside

11 analyst ratings

• positive: 8 73%
• neutral: 3 27%
• negative: 0 0%

RBC Capital Walter Spracklin 0% 1-year accuracy 0 / 21 met price target	21% upside $270	Outperform Maintained	24 Apr 2025
UBS Thomas Wadewitz 20% 1-year accuracy 8 / 40 met price target	23% upside $275	Buy Maintained	24 Apr 2025
Susquehanna Bascome Majors 27% 1-year accuracy 13 / 48 met price target	12% upside $250	Neutral Maintained	24 Apr 2025
Evercore ISI Group Jonathan Chappell 32% 1-year accuracy 10 / 31 met price target	20% upside $269	Outperform Maintained	24 Apr 2025
Stifel Benjamin Nolan 32% 1-year accuracy 14 / 44 met price target	10% upside $247	Hold Maintained	14 Apr 2025