Norfolk Southern (NSC) Gets a Hold Rating from Barclays

By Ryan Adsit

Barclays analyst Brandon Oglenski maintained a Hold rating on Norfolk Southern (NYSE: NSC) yesterday and set a price target of $190. The company’s shares closed yesterday at $182.35, close to its 52-week high of $186.91.

According to TipRanks.com, Oglenski is a 4-star analyst with an average return of 9.1% and a 62.1% success rate. Oglenski covers the Services sector, focusing on stocks such as Knight Transportation, Kansas City Southern, and Union Pacific Corp.

Norfolk Southern has an analyst consensus of Moderate Buy, with a price target consensus of $181.33.

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Based on Norfolk Southern’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $2.9 billion and net profit of $709 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. Last month, Cynthia Earhart, the Exec. VP Finance and CFO of NSC sold 2,370 shares for a total of $414,940.

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.