CSX (CSX) Receives a Rating Update from a Top Analyst

In a report released today, Jason Seidl from Cowen & Co. maintained a Hold rating on CSX (CSXResearch Report), with a price target of $79.00. The company’s shares closed last Monday at $76.74.

According to TipRanks.com, Seidl is a top 100 analyst with an average return of 15.9% and a 73.5% success rate. Seidl covers the Services sector, focusing on stocks such as Covenant Transportation Group, Expeditors International, and Echo Global Logistics.

CSX has an analyst consensus of Moderate Buy, with a price target consensus of $76.57.

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The company has a one-year high of $80.73 and a one-year low of $63.97. Currently, CSX has an average volume of 3.99M.

Based on the recent corporate insider activity of 36 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling 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. 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.