In a report released today, Patrick Brown from Raymond James maintained a Hold rating on Norfolk Southern (NSC). The company’s shares closed last Wednesday at $198.11.
According to TipRanks.com, Brown is a top 100 analyst with an average return of 17.7% and a 75.8% success rate. Brown covers the Industrial Goods sector, focusing on stocks such as Kansas City Southern, Old Dominion Freight, and GFL Environmental.
Currently, the analyst consensus on Norfolk Southern is a Moderate Buy with an average price target of $228.29, which is a 15.6% upside from current levels. In a report issued on October 16, Barclays also upgraded the stock to Hold with a $230.00 price target.
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Based on Norfolk Southern’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $2.09 billion and net profit of $392 million. In comparison, last year the company earned revenue of $2.93 billion and had a net profit of $722 million.
Based on the recent corporate insider activity of 49 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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