Wells Fargo Maintains Their Buy Rating on Norfolk Southern (NSC)

In a report released yesterday, Allison Poliniak from Wells Fargo maintained a Buy rating on Norfolk Southern (NSC). The company’s shares closed last Thursday at $170.56.

According to TipRanks.com, Poliniak is a 3-star analyst with an average return of 0.7% and a 48.9% success rate. Poliniak covers the Services sector, focusing on stocks such as Kansas City Southern, Canadian Railway, and Canadian Pacific.

Currently, the analyst consensus on Norfolk Southern is a Moderate Buy with an average price target of $179.50, implying a 3.9% upside from current levels. In a report issued on May 6, Argus Research also maintained a Buy rating on the stock with a $200.00 price target.

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Based on Norfolk Southern’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $2.63 billion and net profit of $381 million. In comparison, last year the company earned revenue of $2.84 billion and had a net profit of $677 million.

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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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