Cowen & Co. Remains a Buy on Norfolk Southern (NSC)


In a report released yesterday, Jason Seidl from Cowen & Co. maintained a Buy rating on Norfolk Southern (NSC), with a price target of $200. The company’s shares closed yesterday at $176.95.

According to TipRanks.com, Seidl is a 5-star analyst with an average return of 13.2% and a 67.5% success rate. Seidl covers the Services sector, focusing on stocks such as Covenant Transportation Group, Echo Global Logistics, and Knight Transportation.

Norfolk Southern has an analyst consensus of Moderate Buy, with a price target consensus of $180.90, representing a 2.2% upside. In a report released yesterday, Loop Capital Markets also maintained a Buy rating on the stock with a $210 price target.

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Norfolk Southern’s market cap is currently $47.44B and has a P/E ratio of 18.59. The company has a Price to Book ratio of 3.09.

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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.

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