Morgan Stanley (NYSE:MS) analyst Ravi Shanker maintained a Sell rating on Norfolk Southern Corp (NYSE:NSC) on Wednesday, setting a price target of $135, which is approximately 42.73% below the present share price of $235.71.
Shanker expects Norfolk Southern Corp to post earnings per share (EPS) of $2.23 for the first quarter of 2021.
The current consensus among 14 TipRanks analysts is for a Moderate Buy rating of shares in Norfolk Southern, with an average price target of $236.92.
The analysts price targets range from a high of $282 to a low of $135.
In its latest earnings report, released on 09/30/2020, the company reported a quarterly revenue of $2.51 billion and a net profit of $899 million. The company's market cap is $60.35 billion.
According to TipRanks.com, Morgan Stanley analyst Ravi Shanker is currently ranked with 1 stars on a 0-5 stars ranking scale, with an average return of -0.3% and a 54.25% success rate.
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. The company transports overseas freight through several Atlantic and Gulf Coast ports. It offers the extensive intermodal network in the eastern half of the United States and is a transporter of coal, automotive, and industrial products. The company's services include property leases and sales; wire line or pipeline and fiber optics projects; access property; manage private crossings, promote business with signboards, and natural resource management. Norfolk Southern was founded on July 23, 1980 and is headquartered in Norfolk, VA.