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Norfolk Southern Gets a Buy Rating from Credit Suisse


Credit Suisse analyst Allison Landry maintained a Buy rating on Norfolk Southern (NYSE: NSC) on July 12 and set a price target of $176. The company’s shares closed yesterday at $159.46, close to its 52-week high of $160.36.

According to TipRanks.com, Landry is a 5-star analyst with an average return of 13.0% and a 68.3% success rate. Landry covers the Services sector, focusing on stocks such as Kansas City Southern, Old Dominion Freight, and Landstar System Inc.

Currently, the analyst consensus on Norfolk Southern is a Moderate Buy with an average price target of $163.20, implying a 2.3% upside from current levels. In a report issued on July 3, Scotiabank also reiterated a Buy rating on the stock with a $168 price target.

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Based on Norfolk Southern’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $2.72 billion and net profit of $551 million. In comparison, last year the company earned revenue of $2.64 billion and had a net profit of $496 million.

Based on the recent corporate insider activity of 45 insiders, corporate insider sentiment is negative on the stock. Most recently, in May 2018, Cynthia Earhart, the EVP & CFO of NSC sold 6,588 shares for a total of $994,325.

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.