CSX (CSX) Receives a Buy from RBC Capital
RBC Capital analyst Nik Modi maintained a Buy rating on CSX on June 12 and set a price target of $47.00. The company’s shares closed last Friday at $47.57.
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Modi covers the Consumer Defensive sector, focusing on stocks such as The Hershey Company, Church & Dwight, and The Estée Lauder Companies. According to TipRanks, Modi has an average return of -1.7% and a 50.60% success rate on recommended stocks.
In addition to RBC Capital, CSX also received a Buy from Bank of America Securities’s Ken Hoexter in a report issued on June 2. However, on June 11, Bernstein maintained a Hold 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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