In a report released today, Amit Mehrotra from Deutsche Bank maintained a Hold rating on Norfolk Southern (NSC), with a price target of $190.00. The company’s shares closed last Thursday at $189.36.
According to TipRanks.com, Mehrotra is a 1-star analyst with an average return of -1.3% and a 46.1% success rate. Mehrotra covers the Services sector, focusing on stocks such as Knight Transportation, Kansas City Southern, and Werner Enterprises.
Norfolk Southern has an analyst consensus of Moderate Buy, with a price target consensus of $195.88, implying a 2.6% upside from current levels. In a report issued on July 22, Robert W. Baird also maintained a Hold rating on the stock with a $200.00 price target.
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Norfolk Southern’s market cap is currently $49.4B and has a P/E ratio of 20.10. The company has a Price to Book ratio of 3.19.
Based on the recent corporate insider activity of 46 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.