Morgan Stanley Maintains Their Sell Rating on Norfolk Southern (NSC)

In a report released today, Ravi Shanker from Morgan Stanley maintained a Sell rating on Norfolk Southern (NSC), with a price target of $116.00. The company’s shares closed last Wednesday at $159.40.

According to, Shanker is a 4-star analyst with an average return of 3.8% and a 62.9% success rate. Shanker covers the Services sector, focusing on stocks such as Expeditors International, Echo Global Logistics, and Knight Transportation.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Norfolk Southern with a $197.29 average price target.

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Norfolk Southern’s market cap is currently $39.47B and has a P/E ratio of 15.10. The company has a Price to Book ratio of 2.62.

Based on the recent corporate insider activity of 48 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of NSC in relation to earlier this year.

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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. The company transports overseas freight through several Atlantic and Gulf Coast ports. It offers the extensive intermodal network in the eastern half of the United States and is a transporter of coal, automotive, and industrial products. The company’s services include property leases and sales; wire line or pipeline and fiber optics projects; access property; manage private crossings, promote business with signboards, and natural resource management. Norfolk Southern was founded on July 23, 1980 and is headquartered in Norfolk, VA.

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