In a report released today, Jason Seidl from Cowen & Co. maintained a Buy rating on Norfolk Southern (NSC), with a price target of $230. The company’s shares opened today at $206.24, close to its 52-week high of $211.46.
According to TipRanks.com, Seidl is a top 100 analyst with an average return of 17.3% and a 76.8% success rate. Seidl covers the Services sector, focusing on stocks such as Covenant Transportation Group, Expeditors International, and Echo Global Logistics.
Norfolk Southern has an analyst consensus of Moderate Buy, with a price target consensus of $193.46.
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Based on Norfolk Southern’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $2.9 billion and net profit of $700 million. In comparison, last year the company earned revenue of $2.72 billion and had a net profit of $551 million.
Based on the recent corporate insider activity of 56 insiders, corporate insider sentiment is negative on the stock.
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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.
