RBC Capital Keeps Their Hold Rating on Norfolk Southern (NSC)

In a report released yesterday, 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 $253.39.

According to TipRanks, Spracklin is a top 100 analyst with an average return of 15.8% and a 65.40% success rate. Spracklin covers the Industrials sector, focusing on stocks such as Norfolk Southern, TFI International, and Canadian National Railway.

In addition to RBC Capital, Norfolk Southern also received a Hold from Robert W. Baird’s Garrett Holland in a report issued on April 4. However, today, Barclays maintained a Buy rating on Norfolk Southern (NYSE: NSC).

Based on Norfolk Southern’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $3.07 billion and a net profit of $527 million. In comparison, last year the company earned a revenue of $3.24 billion and had a net profit of $790 million

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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.