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Norfolk Southern (NSC) Receives a Rating Update from a Top Analyst

Tipranks - Tipranks - Tue Apr 28, 6:04AM CDT

In a report released on April 24, Walter Spracklin from RBC Capital maintained a Hold rating on Norfolk Southern, with a price target of $360.00. The company’s shares closed last Friday at $319.71.

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Spracklin covers the Industrials sector, focusing on stocks such as Canadian National Railway, Norfolk Southern, and Union Pacific. According to TipRanks, Spracklin has an average return of 19.5% and a 69.80% success rate on recommended stocks.

In addition to RBC Capital, Norfolk Southern also received a Hold from Citi’s Ariel Rosa in a report issued on April 24. However, today, Barclays assigned a Buy rating to Norfolk Southern (NYSE: NSC).

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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 $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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