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CSX (CSX) Receives a Hold from Cowen & Co.

In a report released today, Jason Seidl from Cowen & Co. maintained a Hold rating on CSX (CSXResearch Report), with a price target of $37.00. The company’s shares closed last Wednesday at $29.73.

According to TipRanks.com, Seidl is a top 25 analyst with an average return of 26.1% and a 72.5% success rate. Seidl covers the Industrial Goods sector, focusing on stocks such as Canadian National Railway, Covenant Logistics Group, and Expeditors International.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for CSX with a $35.81 average price target, a 21.4% upside from current levels. In a report issued on July 6, Citigroup also maintained a Hold rating on the stock with a $31.00 price target.

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The company has a one-year high of $38.63 and a one-year low of $27.60. Currently, CSX has an average volume of 17.01M.

Based on the recent corporate insider activity of 59 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying 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 Corporation provides rail-based freight transportation services, which includes traditional rail services and transportation of intermodal containers and trailers. The company operates approximately 1,848 trains per day and maintains a fleet of over 3,500 locomotives and approximately 51,000 freight cars.

Read More on CSX:

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