After this afternoon's -1.6% drop to $224.45 per share, Norfolk Southern might just keep moving past its target price of $227.65. With an average analyst rating of buy, and target prices from $170.0 to $264.0, the stock's next move is anyone's guess.
The stock has a very low short interest at 1.2%, and a short ratio of 2.06. The company's insiders own 0.14% of its outstanding shares, which indicates a strong alignment between management and shareholder interests. Finally, we also note that an average number of institutional investors are invested in the stock, with 76.2% of Norfolk Southern's shares being owned by this investor type.
Institutions Invested in Norfolk Southern
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2023-09-30 | Vanguard Group Inc | 8% | 18,504,944 | $4,153,434,624 |
| 2023-09-30 | Blackrock Inc. | 7% | 15,308,328 | $3,435,954,172 |
| 2023-09-30 | JP Morgan Chase & Company | 6% | 12,798,723 | $2,872,673,338 |
| 2023-09-30 | State Street Corporation | 4% | 9,024,649 | $2,025,582,440 |
| 2023-09-30 | Lazard Asset Management LLC | 4% | 8,629,330 | $1,936,853,092 |
| 2023-09-30 | Dodge & Cox Inc | 3% | 6,422,714 | $1,441,578,137 |
| 2023-09-30 | Price (T.Rowe) Associates Inc | 3% | 5,757,316 | $1,292,229,558 |
| 2023-09-30 | Geode Capital Management, LLC | 2% | 4,262,927 | $956,813,952 |
| 2023-09-30 | Wells Fargo & Company | 2% | 4,187,710 | $939,931,496 |
| 2023-09-30 | Capital World Investors | 2% | 3,608,688 | $809,970,010 |
Besides an analyst consensus of some upside potential, other market factors point to there being mixed market sentiment on Norfolk Southern.
