Wells Fargo Believes Norfolk Southern (NSC) Won’t Stop Here

Wells Fargo analyst Allison Poliniak maintained a Buy rating on Norfolk Southern (NSC) yesterday. The company’s shares closed last Tuesday at $256.44, close to its 52-week high of $257.70.

According to TipRanks.com, Poliniak is a 5-star analyst with an average return of 18.8% and a 72.5% success rate. Poliniak covers the Industrial Goods sector, focusing on stocks such as Expeditors International, Knight Transportation, and Old Dominion Freight.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Norfolk Southern with a $241.31 average price target, a -4.9% downside from current levels. In a report issued on January 11, Citigroup also maintained a Buy rating on the stock with a $290.00 price target.

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Norfolk Southern’s market cap is currently $64.61B and has a P/E ratio of 32.70. The company has a Price to Book ratio of 4.32.

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.

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. 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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