RBC Capital analyst Walter Spracklin reiterated a Buy rating on CSX Corp (CSX) today and set a price target of $82. The company’s shares opened today at $64.68.
According to TipRanks.com, Spracklin is a top 100 analyst with an average return of 15.7% and a 68.2% success rate. Spracklin covers the Services sector, focusing on stocks such as Union Pacific Corp, Canadian Railway, and Canadian Pacific.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for CSX Corp with a $81.31 average price target, a 25.7% upside from current levels. In a report issued on December 3, Deutsche Bank also maintained a Buy rating on the stock with a $90 price target.
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Based on CSX Corp’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $3.13 billion and net profit of $894 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.
