RBC Capital Sticks to Its Buy Rating for CSX (CSX)
In a report released yesterday, Walter Spracklin from RBC Capital maintained a Buy rating on CSX, with a price target of $51.00.
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Spracklin covers the Industrials sector, focusing on stocks such as CSX, Canadian National Railway, and Canadian Pacific Kansas City. According to TipRanks, Spracklin has an average return of 19.6% and a 70.06% success rate on recommended stocks.
In addition to RBC Capital, CSX also received a Buy from Wells Fargo’s Christian Wetherbee in a report issued on June 18. 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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