In a report released today, Allison Landry from Credit Suisse maintained a Buy rating on Norfolk Southern (NSC), with a price target of $203.00. The company’s shares closed last Monday at $168.01.
According to TipRanks.com, Landry is a 5-star analyst with an average return of 9.1% and a 60.1% success rate. Landry covers the Services sector, focusing on stocks such as Echo Global Logistics, Knight Transportation, and Kansas City Southern.
Currently, the analyst consensus on Norfolk Southern is a Moderate Buy with an average price target of $177.40, a 4.5% upside from current levels. In a report issued on April 29, Wells Fargo also maintained a Buy rating on the stock with a $183.00 price target.
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The company has a one-year high of $219.89 and a one-year low of $112.63. Currently, Norfolk Southern has an average volume of 2.08M.
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.
