Morgan Stanley analyst Ravi Shanker maintained a Sell rating on Norfolk Southern (NYSE: NSC) today and set a price target of $116. The company’s shares closed yesterday at $183.99, close to its 52-week high of $186.91.
According to TipRanks.com, Shanker is a 3-star analyst with an average return of 3.2% and a 57.3% success rate. Shanker covers the Services sector, focusing on stocks such as Kansas City Southern, Old Dominion Freight, and ArcBest Corporation.
Norfolk Southern has an analyst consensus of Moderate Buy, with a price target consensus of $178.71.
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The company has a one-year high of $186.91 and a one-year low of $125.59. Currently, Norfolk Southern has an average volume of 1.73M.
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.
