Norfolk Southern (NYSE:NSC) stock is under pressure, down about 9.5% in the last 10 trading days, as accidents rise for the rail transportation provider. Recently, NSC’s freight train derailed in Ohio, leading to a toxic chemical spill and fire. It’s worth highlighting here that Norfolk’s Federal Railroad Administration (FRA) accident rate has consistently increased over the past couple of years. This is not a good sign as it leads to various claims and lawsuits, in turn, reputational damages.
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Against this backdrop, here are three railroad stocks that have fared better than Norfolk. Click on any ticker to further research the stock.
- Union Pacific (NYSE:UNP) – UNP stock has a Moderate Buy rating, with a consensus upside of 10%. The stock has started to rise in the past five days.
- CSX Corporation (NASDAQ:CSX) – CSX stocks also has a Moderate Buy rating and an upside of 9.8%. The stock, which has a “Perfect 10” Smart Score, has started to rise in the past five days.
- Canadian Pacific (NYSE:CP)(TSE:CP) – CP stock has a Moderate Buy rating and an analyst consensus upside of 12.6%.
