Susquehanna Believes Norfolk Southern (NYSE: NSC) Still Has Room to Grow

By Jason Carr

Susquehanna analyst Bascome Majors reiterated a Buy rating on Norfolk Southern (NYSE: NSC) yesterday and set a price target of $191. The company’s shares closed yesterday at $168.36, close to its 52-week high of $168.76.

According to, Majors is a 5-star analyst with an average return of 20.0% and a 81.2% success rate. Majors covers the Services sector, focusing on stocks such as Expeditors International, Echo Global Logistics, and Kansas City Southern.

Currently, the analyst consensus on Norfolk Southern is a Moderate Buy with an average price target of $170.11, implying a 1.0% 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.


See today’s analyst top recommended stocks >>

The company has a one-year high of $168.76 and a one-year low of $111.44. Currently, Norfolk Southern has an average volume of 1.74M.

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.

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.