In a report released today, Jason Seidl from Cowen & Co. maintained a Hold rating on CSX Corp (CSX), with a price target of $78.00. The company’s shares closed last Monday at $69.00.
According to TipRanks.com, Seidl is a top 100 analyst with an average return of 14.3% and a 70.0% success rate. Seidl covers the Services sector, focusing on stocks such as Covenant Transportation Group, Expeditors International, and Echo Global Logistics.
Currently, the analyst consensus on CSX Corp is a Hold with an average price target of $74.83, a 7.0% upside from current levels. In a report issued on October 4, J.P. Morgan also downgraded the stock to Hold with a $76.00 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 $3.06 billion and net profit of $870 million. In comparison, last year the company earned revenue of $3.13 billion and had a net profit of $894 million.
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CSX Corp. engages in the provision of rail-based freight transportation services. Its services include rail service, the transport of intermodal containers and trailers, rail-to-truck transfers and bulk commodity operations. The company was founded in 1827 and is headquartered in Jacksonville, FL.
