Cowen & Co. Believes Norfolk Southern (NYSE: NSC) Still Has Room to Grow

By Ryan Adsit

In a report released today, Jason Seidl from Cowen & Co. reiterated a Buy rating on Norfolk Southern (NYSE: NSC), with a price target of $188. The company’s shares opened today at $156.75, close to its 52-week high of $165.51.

According to, Seidl is a top 100 analyst with an average return of 18.2% and a 72.6% success rate. Seidl covers the Services sector, focusing on stocks such as Covenant Transportation Group, Expeditors International, and Echo Global Logistics.

Currently, the analyst consensus on Norfolk Southern is a Moderate Buy with an average price target of $169.33, implying an 8.0% upside from current levels. In a report issued on July 12, Credit Suisse also maintained a Buy rating on the stock with a $176 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 $2.72 billion and net profit of $551 million. In comparison, last year the company earned revenue of $2.64 billion and had a net profit of $496 million.

Based on the recent corporate insider activity of 45 insiders, corporate insider sentiment is negative on the stock. Most recently, in May 2018, Cynthia Earhart, the EVP & CFO of NSC sold 6,588 shares for a total of $994,325.

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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.