Bernstein Sticks to Its Hold Rating for CSX (CSX)
Bernstein analyst David Vernon maintained a Hold rating on CSX today and set a price target of $39.00.
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Vernon covers the Industrials sector, focusing on stocks such as United Airlines Holdings, FedEx, and Union Pacific. According to TipRanks, Vernon has an average return of 6.1% and a 57.73% success rate on recommended stocks.
In addition to Bernstein, CSX also received a Hold from Evercore ISI’s Jonathan Chappell in a report issued on March 19. However, on March 27, Barclays maintained a Buy rating on CSX (NASDAQ: CSX).
Based on CSX’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $3.51 billion and a net profit of $720 million. In comparison, last year the company earned a revenue of $3.54 billion and had a net profit of $733 million
Based on the recent corporate insider activity of 63 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. Last month, Diana B Sorfleet, the EVP & CAO of CSX sold 90,000.00 shares for a total of $3,740,400.00.
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