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Barclays Sticks to Its Buy Rating for Norfolk Southern (NSC)

Tipranks - Mon Apr 27, 8:28PM CDT

Barclays analyst Brandon Oglenski maintained a Buy rating on Norfolk Southern on April 24 and set a price target of $360.00. The company’s shares closed last Friday at $319.71.

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Oglenski covers the Industrials sector, focusing on stocks such as FedEx, Delta Air Lines, and JetBlue Airways. According to TipRanks, Oglenski has an average return of 7.3% and a 52.87% success rate on recommended stocks.

Currently, the analyst consensus on Norfolk Southern is a Hold with an average price target of $319.45, implying a -0.08% downside from current levels. In a report released on April 24, TD Cowen also reiterated a Buy rating on the stock with a $337.00 price target.

Based on Norfolk Southern’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $3 billion and a net profit of $547 million. In comparison, last year the company earned a revenue of $2.99 billion and had a net profit of $750 million

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