In a report issued on June 29, Walter Spracklin from RBC Capital maintained a Buy rating on CSX (CSX – Research Report), with a price target of $35.00. The company’s shares closed last Thursday at $29.06, close to its 52-week low of $28.44.
According to TipRanks.com, Spracklin is a 5-star analyst with an average return of 15.4% and a 58.7% success rate. Spracklin covers the Industrial Goods sector, focusing on stocks such as Canadian National Railway, Andlauer Healthcare Group, and TFI International.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for CSX with a $39.31 average price target, which is a 35.8% upside from current levels. In a report issued on June 27, Credit Suisse also initiated coverage with a Buy rating on the stock with a $35.00 price target.
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CSX’s market cap is currently $63.31B and has a P/E ratio of 16.54.
Based on the recent corporate insider activity of 59 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of CSX in relation to earlier this year.
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CSX Corporation provides rail-based freight transportation services, which includes traditional rail services and transportation of intermodal containers and trailers. The company operates approximately 1,848 trains per day and maintains a fleet of over 3,500 locomotives and approximately 51,000 freight cars.
Read More on CSX:
- Canadian Pacific (CP) Receives a Buy from RBC Capital
- RBC Capital Keeps a Hold Rating on Canadian National Railway (CNI)
- Analysts Conflicted on These Consumer Goods Names: General Mills (GIS) and Loblaw Companies (OtherLBLCF)
- Analysts Offer Insights on Technology Companies: AeroVironment (AVAV) and Lumen Technologies (LUMN)
- Kepler Capital Sticks to Its Buy Rating for Clariant AG (CLZNF)
