In a report released on April 1, Walter Spracklin from RBC Capital maintained a Hold rating on Norfolk Southern (NSC – Research Report), with a price target of $270.00. The company’s shares closed yesterday at $251.83.
Spracklin covers the Industrials sector, focusing on stocks such as Canadian National Railway, Canadian Pacific, and CSX. According to TipRanks, Spracklin has an average return of 15.2% and a 63.98% success rate on recommended stocks.
In addition to RBC Capital, Norfolk Southern also received a Hold from Susquehanna’s Bascome Majors in a report issued on March 28. However, on March 25, Barclays assigned a Buy rating to Norfolk Southern (NYSE: NSC).
NSC market cap is currently $56.65B and has a P/E ratio of 31.26.
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Norfolk Southern (NSC) Company Description:
Incoporated in 1980, Norfolk Southern Corp. is a transportation company, based in Virginia. It is engaged in the rail transportation of raw materials, intermediate products, and finished goods to and from the rest of the United States. The company transports industrial products, including chemicals, agriculture, and metals and construction materials; and coal, automobiles, and automotive parts. The company transports overseas freight through several Atlantic and Gulf Coast ports, and provides commuter passenger services.
Read More on NSC:
- Norfolk Southern to purchase Chicago transload and warehouse facility
- Norfolk Southern acquires GLR property in Chicago
- Norfolk Southern price target raised to $270 from $245 at Susquehanna
- North American rail traffic up 1.7% for the week ending March 23
- Norfolk Southern urges shareholders to vote for its director nominees
