Cowen & Co. analyst Jason Seidl maintained a Hold rating on CSX Corp (NASDAQ: CSX) today and set a price target of $77. The company’s shares closed yesterday at $72.20, close to its 52-week high of $76.24.
According to TipRanks.com, Seidl is a top 100 analyst with an average return of 17.5% and a 73.0% success rate. Seidl covers the Services sector, focusing on stocks such as Covenant Transportation Group, Expeditors International, and Echo Global Logistics.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for CSX Corp with a $77.79 average price target.
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Based on CSX Corp’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $3.1 billion and net profit of $877 million. In comparison, last year the company earned revenue of $2.74 billion and had a net profit of $459 million.
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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.
