In a report released today, Jason Seidl from Cowen & Co. maintained a Buy rating on Norfolk Southern (NYSE: NSC), with a price target of $189. The company’s shares closed yesterday at $184.45, close to its 52-week high of $186.91.
According to TipRanks.com, Seidl is a top 100 analyst with an average return of 19.9% and a 74.8% 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 $183.54 average price target, implying a -0.5% downside from current levels. In a report released yesterday, Citigroup also maintained a Buy rating on the stock with a $210 price target.
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Based on Norfolk Southern’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $2.9 billion and net profit of $709 million. In comparison, last year the company earned revenue of $2.67 billion and had a net profit of $505 million.
Based on the recent corporate insider activity of 45 insiders, corporate insider sentiment is negative on the stock. Most recently, in August 2018, Cynthia Earhart, the Exec. VP Finance and CFO of NSC sold 2,370 shares for a total of $414,940.
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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.
