In a report released yesterday, Michael Baudendistel from Stifel Nicolaus reiterated a Buy rating on CSX Corp (CSX), with a price target of $75. The company’s shares opened today at $63.78.
According to TipRanks.com, Baudendistel is ranked 0 out of 5 stars with an average return of -4.8% and a 41.0% success rate. Baudendistel covers the Industrial Goods sector, focusing on stocks such as Allison Transmission Holdings Inc, Wabash National Corp, and Freightcar America.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for CSX Corp with a $78.86 average price target, implying a 23.6% upside from current levels. In a report issued on December 31, Argus Research also maintained a Buy rating on the stock with a $71 price target.
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The company has a one-year high of $76.24 and a one-year low of $48.43. Currently, CSX Corp has an average volume of 6.29M.
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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.
