CSX Corp (CSX) Receives a Sell from Morgan Stanley
In a report released today, Ravi Shanker from Morgan Stanley maintained a Sell rating on CSX Corp (NASDAQ: CSX), with a price target of $55. The company’s shares closed yesterday at $74.76, close to its 52-week high of $76.24.
According to TipRanks.com, Shanker is a 3-star analyst with an average return of 3.2% and a 57.3% success rate. Shanker covers the Services sector, focusing on stocks such as ArcBest Corporation, United Parcel, and FedEx.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for CSX Corp with a $77.13 average price target.
See today’s analyst top recommended stocks >>
The company has a one-year high of $76.24 and a one-year low of $48.26. Currently, CSX Corp has an average volume of 5.34M.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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.