Bernstein Sticks to Its Hold Rating for CSX (CSX)
In a report released today, David Vernon from Bernstein maintained a Hold rating on CSX, with a price target of $39.00.
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Vernon covers the Industrials sector, focusing on stocks such as United Airlines Holdings, Delta Air Lines, and FedEx. According to TipRanks, Vernon has an average return of 13.0% and a 66.83% success rate on recommended stocks.
In addition to Bernstein, CSX also received a Hold from Evercore ISI’s Jonathan Chappell in a report issued today. However, yesterday, RBC Capital maintained a Buy rating on CSX (NASDAQ: CSX).
Based on CSX’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $3.48 billion and a net profit of $807 million. In comparison, last year the company earned a revenue of $3.42 billion and had a net profit of $646 million
Based on the recent corporate insider activity of 65 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. Earlier this month, Kevin S. Boone, the EVP & CFO of CSX sold 136,708.00 shares for a total of $6,384,263.60.
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