Wells Fargo Sticks to Its Buy Rating for Norfolk Southern (NSC)


Wells Fargo analyst Allison Poliniak maintained a Buy rating on Norfolk Southern (NSC) today. The company’s shares closed last Wednesday at $180.33.

According to TipRanks.com, Poliniak is a 2-star analyst with an average return of 0.1% and a 48.8% 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 $182.76.

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Norfolk Southern’s market cap is currently $43.87B and has a P/E ratio of 16.30. The company has a Price to Book ratio of 2.83.

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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