In recent adjustments, Stifel has revised its price target for Norfolk Southern (NSC, Financial), lowering it from $265 to $247, while maintaining a Hold rating on the stock. This decision reflects a nuanced view of the company's recent performance and future prospects in the rail sector.
The firm's analysis of first-quarter carload volumes reported results that were varied but not significantly concerning. Despite this, Stifel anticipates that Norfolk Southern's upcoming results may align with or slightly fall short of previous expectations.
Moreover, broader concerns beyond quarterly performance are affecting the outlook for Norfolk Southern. The analyst suggests that the company faces significant uncertainties related to developments in Washington D.C., which could impact future performance.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 24 analysts, the average target price for Norfolk Southern Corp (NSC, Financial) is $265.64 with a high estimate of $295.00 and a low estimate of $174.00. The average target implies an upside of 21.68% from the current price of $218.31. More detailed estimate data can be found on the Norfolk Southern Corp (NSC) Forecast page.
Based on the consensus recommendation from 29 brokerage firms, Norfolk Southern Corp's (NSC, Financial) average brokerage recommendation is currently 2.3, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Norfolk Southern Corp (NSC, Financial) in one year is $255.33, suggesting a upside of 16.96% from the current price of $218.31. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Norfolk Southern Corp (NSC) Summary page.
