Credit Suisse Believes CSX Corp (CSX) Still Has Room to Grow
Credit Suisse analyst Allison Landry maintained a Buy rating on CSX Corp (NASDAQ: CSX) on July 12 and set a price target of $76. The company’s shares closed yesterday at $64.71, close to its 52-week high of $67.69.
According to TipRanks.com, Landry is a 5-star analyst with an average return of 13.0% and a 68.3% success rate. Landry covers the Services sector, focusing on stocks such as Kansas City Southern, Old Dominion Freight, and Landstar System Inc.
CSX Corp has an analyst consensus of Moderate Buy, with a price target consensus of $68.64, which is a 6.1% upside from current levels. In a report issued on July 11, RBC Capital also reiterated a Buy rating on the stock with a $71 price target.
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CSX Corp’s market cap is currently $56.64B and has a P/E ratio of 10.02. The company has a Price to Book ratio of 3.94.
Based on the recent corporate insider activity of 37 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 Corp. engages in the provision of rail-based freight transportation services. The company’s services include rail service, the transport of intermodal containers and trailers, rail-to-truck transfers and bulk commodity operations. CSX was founded in 1827 and is headquartered in Jacksonville, FL.