Cowen & Co. Reaffirms Their Buy Rating on Norfolk Southern

By Carrie Williams

Cowen & Co. analyst Jason Seidl reiterated a Buy rating on Norfolk Southern (NYSE: NSC) today and set a price target of $167. The company’s shares opened today at $140.77.

According to TipRanks.com, Seidl is a 5-star analyst with an average return of 15.7% and a 64.2% 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 Moderate Buy and the average price target is $155, representing a 10.1% upside.

In a report issued on April 13, Credit Suisse also maintained a Buy rating on the stock with a $155 price target.

The company has a one-year high of $157.15 and a one-year low of $111.21. Currently, Norfolk Southern has an average volume of 1.77M.

Based on the recent corporate insider activity of 46 insiders, corporate insider sentiment is negative on the stock. Most recently, in February 2018, Wheeler Michael Joseph, the EVP & COO of NSC sold 1,699 shares for a total of $244,010.

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.