NSC stock: buy or sell

NSC stock price: $289.83 0.98% At close on May 14th, 2021

Updated on:
May 17th, 2021

2

NSC stock brief

  • Norfolk Southern closed last Friday at $289.83 after scarcely moving a 0.98%.
  • Norfolk Southern Corporation, together with its subsidiaries, engages in the rail transportation of raw materials, intermediate products, and finished goods in the United States.

Should I buy Norfolk Southern stock?

Even if you are a experienced or a novel trader, best trading results come from using an investing strategy that never leaves to random or subjective opinions when is the best moment to buy or sell stocks. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best

Is $NSC stock a buy?

Currently, Norfolk Southern stock doesn't match any of these trading strategies, so our recommendation is not to buy now. This doesn't mean we expect a selloff for $NSC in the next few days, or that it may not climb higher. Simply, it doesn't match our recommended trading systems

Should I sell Norfolk Southern stock?

"To sell or not to sell", if you are holding Norfolk Southern shares?. Trading strategies allow us to avoid impetuous decisions based on our sentiments or the noise surrounding the market. Our trading system selects very simple strategies to guide us on when is the best moment to sell our shares. Be aware that these strategies should not be used for shorting $NSC stock

As a rule of thumb, you should not hold a trade that results in higher than expected losses by the time of the buy. The moment to sell your stock always has to be ruled by the stop-loss (automatic or manual)

Is it time to sell Norfolk Southern stock?

In the current situation of Norfolk Southern there is not any eligible sell setup, so Norfolk Southern stock holders with operations in profit can keep their positions

Norfolk Southern ratings

In the last month, 9 brokerage ratings were published for Norfolk Southern. General sentiment is bullish, with 5 out of 9 publishing positive outlooks

Norfolk Southern analysts' ratings - Last 30 days
Brokerage firmRating
Apr 29th, 2021
Barclays
Benchmark Strong buy
BMO Capital Markets
Royal Bank of Canada Neutral
TD Securities Strong buy
May 4th, 2021
Argus BuyStrong buy
May 5th, 2021
Barclays
Benchmark Strong buy
May 10th, 2021
Argus Strong buy

Norfolk Southern stock analysis

Norfolk Southern shares started an uptrend in October 2020, and gained an amazing 49.50%. During this uptrend, the price offered some entry points on the breakouts. Latest low was last March, when price bounced at $240.13. Last March, Norfolk Southern broke out above its last top ($263.20) giving a good buying opportunity that resulted in a 10.12% gain

SMAs overview

NSC stock SMAs chart

Supports and resistances

Price is at all-time highs and there are not upper resistance levels.

The current supports are:

  • S1: $263.20 (-9.19% below)
  • S2: $256.25 (-11.59% below)
  • S3: $246.13 (-15.08% below)
  • Bollinger bands

    Since the price surpassed the upper band on May 7, the price has been corrected downwards by 0.15%. The price is trading very close to the upper Bollinger band, poiting some level of overbought in recent sessions. This is not a sell point, as price can move in these levels for many days and weeks

    NSC stock Bollinger Bands chart

    Relative strength index

    The RSI dropped below the overbought level of 70 last Tuesday after just crossing to the overbough zone for a single day (weak signal). The RSI value last Friday was 63.67. Norfolk Southern price barely changed a 0.18% since RSI lost the overbought zone

    NSC stock RSI chart

    Norfolk Southern stock price history

    Norfolk Southern IPO was on Jun 2nd, 1982 at $1.57 per share1. Since then, NSC stock has risen by 18,360.51%, with an average of 483.17% per year. An investment of thousand dollars on Jun 1982 would be valued $184,605.10 today.

    1: Adjusted price after possible price splits or reverse-splits

    NSC stock price history chart

    Price target for Norfolk Southern stock

    Nobody knows how much a stock will be priced in the future. Banks and financial organisations publish their analysis forecasting how a stock will performance in the future.

    Along with buy or sell recommendations, brokerage institutions post their price predictions based on the stock price action and the company fundamental data. Most of these forecasts follow the publication of new financial information by the company, and usually. Again, these estimates are not direct recommendations for small traders and should not be trusted blindly.

    Averaging all price targets exposed below, the forecasted price for Norfolk Southern stock is $300.44. That is a 3.66% than the last price ($289.83).

    Norfolk Southern stock price predictions
    Brokerage firmPrice target
    Apr 29th, 2021
    Barclays $272.00$300.00
    Benchmark $295.00$315.00
    BMO Capital Markets $250.00$285.00
    Royal Bank of Canada $234.00$254.00
    TD Securities $305.00$315.00
    May 4th, 2021
    Argus $275.00$310.00
    May 5th, 2021
    Barclays $272.00$300.00
    Benchmark $295.00$315.00
    May 10th, 2021
    Argus $275.00$310.00

    Earnings and financials

    Norfolk Southern Corporation ($NSC) posted quarterly earnings of $2.66 per share in late April, slightly improving the Market consensus estimate of $2.54 per share. This quarterly report means an earnings surprise of 4.72%. On the contrary, the company said turnover for Q1 was $2.6 billion in line with analysts' forecasts.

    Same quarter one year ago, reported EPS was $2.58, so current EPS means an increase of 3.10%. Looking at sales, figures merely changed compared to $26.3B year over year.

    NSC ($NSC) presents Q2 financial report next July. Expected for this quarter is $2.89, compared to $2.66 that was reported for Q1.

    Norfolk Southern performance

    NSC performance compared
    Company1m3m6m
    Norfolk Southern ($NSC) 5.90% 13.50% 25.80%

    Please read:
    The thoughts given in this post are personal and not recommendations for you to buy or sell stocks. The author of this text does not have an understanding of the particular positions of the reader, his or her own financial statements or his or her own best interests at any given time. All users should speak with their financial advisor before buying or selling any securities Viewpoints are expressed for learning reasons only

    NSC summary

    Friday, May 14th, 2021
    Open$287.69
    Close$289.83
    Day range$287.19 - $291.84
    Previous close$287.01
    Session gain0.98%
    Average true range$6.10
    50d mov avg$271.58
    100d mov avg$258.25
    200d mov avg$237.46
    Earnings dateJuly 28th, 2021

    Frequently asked questions

    What is Norfolk Southern stock symbol?

    Norfolk Southern Corporation is a public company trading in the US stock market with the NSC symbol

    Is Norfolk Southern stock a buy or sell?

    Norfolk Southern received 9 ratings in the last 30 days: 5 bullish, 0 bearish and 1 neutral.

    Will NSC go up?

    Norfolk Southern had different price forecasts posted by market analysts in the last 30 days setting the target price to $300.44. That is a 3.66% than the current price ($289.83).