In a report issued on July 17, Fadi Chamoun from BMO Capital reiterated a Buy rating on CSX Corp (NASDAQ: CSX), with a price target of $72. The company’s shares opened today at $69.15, close to its 52-week high of $69.55.
According to TipRanks.com, Chamoun is a 5-star analyst with an average return of 19.9% and a 83.0% success rate. Chamoun covers the Services sector, focusing on stocks such as Kansas City Southern, Union Pacific Corp, and Norfolk Southern.
Currently, the analyst consensus on CSX Corp is a Moderate Buy with an average price target of $72.38, a 4.7% upside from current levels. In a report issued on July 12, Credit Suisse also maintained a Buy rating on the stock with a $76 price target.
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The company has a one-year high of $69.55 and a one-year low of $47.99. Currently, CSX Corp has an average volume of 5.26M.
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.
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.
