In a report released today, Jason Seidl from Cowen & Co. maintained a Hold rating on CSX Corp (CSX), with a price target of $78. The company’s shares closed yesterday at $79.55, close to its 52-week high of $80.73.
According to TipRanks.com, Seidl is a top 100 analyst with an average return of 15.0% and a 71.6% success rate. Seidl covers the Utilities sector, focusing on stocks such as Covenant Transportation Group, Expeditors International, and Echo Global Logistics.
The word on The Street in general, suggests a Hold analyst consensus rating for CSX Corp with a $72 average price target, a -9.5% downside from current levels. In a report issued on July 10, Loop Capital Markets also downgraded the stock to Hold.
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CSX Corp’s market cap is currently $64.37B and has a P/E ratio of 19.45. The company has a Price to Book ratio of 5.18.
Based on the recent corporate insider activity of 38 insiders, corporate insider sentiment is negative on the stock.
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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.
