Cowen & Co. analyst Jason Seidl maintained a Buy rating on Norfolk Southern (NYSE: NSC) today and set a price target of $189. The company’s shares closed yesterday at $174.87, close to its 52-week high of $176.12.
According to TipRanks.com, Seidl is a top 100 analyst with an average return of 18.6% and a 73.6% success rate. Seidl covers the Services sector, focusing on stocks such as Covenant Transportation Group, Expeditors International, and Echo Global Logistics.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Norfolk Southern with a $180.08 average price target, representing a 3.0% upside. In a report issued on August 14, Deutsche Bank also upgraded the stock to Buy with a $205 price target.
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Norfolk Southern’s market cap is currently $48.97B and has a P/E ratio of 8.76. The company has a Price to Book ratio of 2.96.
Based on the recent corporate insider activity of 46 insiders, corporate insider sentiment is negative on the stock. Earlier this month, James Squires, the COB, Pres & CEO of NSC sold 34,077 shares for a total of $5,851,702.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Norfolk Southern Corp. is a transportation company, which owns a freight railroad. It engages in the rail transportation of raw materials, intermediate products, and finished goods primarily in the Southeast, East, and Midwest and, via interchange with rail carriers, to and from the rest of the United States.
