Norfolk Southern (NSC) was Upgraded to a Buy Rating at Credit Suisse


Norfolk Southern (NYSE: NSC) received a Buy rating and a $188 price target from Credit Suisse analyst Allison Landry on October 12. The company’s shares closed on Friday at $170.19.

According to TipRanks.com, Landry is a 5-star analyst with an average return of 12.5% and a 64.6% success rate. Landry covers the Services sector, focusing on stocks such as Kansas City Southern, Union Pacific Corp, and Canadian Railway.

Norfolk Southern has an analyst consensus of Moderate Buy, with a price target consensus of $178.71, representing a 5.0% upside. In a report issued on October 1, Citigroup also maintained a Buy rating on the stock with a $210 price target.

.

See today’s analyst top recommended stocks >>

Norfolk Southern’s market cap is currently $47.66B and has a P/E ratio of 8.52. The company has a Price to Book ratio of 2.88.

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.

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.

Stay Ahead of Everyone Else

Get The Latest Stock News Alerts