BMO Capital Reiterates a Buy Rating on CSX Corp

By Austin Angelo

BMO Capital analyst Fadi Chamoun reiterated a Buy rating on CSX Corp (NYSE: CSX) yesterday and set a price target of $58. The company’s shares closed yesterday at $49.56.

According to TipRanks.com, Chamoun is a 5-star analyst with an average return of 14.4% and a 83.8% success rate. Chamoun covers the Services sector, focusing on stocks such as Kansas City Southern, WestJet Airlines Ltd, and Magna International.

Currently, the analyst consensus on CSX Corp is Strong Buy and the average price target is $57.43, representing a 15.9% upside.

In a report issued on April 6, RBC Capital also reiterated a Buy rating on the stock with a $65 price target.

Based on the recent corporate insider activity of 86 insiders, corporate insider sentiment is negative on the stock.

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CSX Corp. engages in the provision of rail, intermodal, and rail-to-truck transload services and solutions to customers, including energy, industrial, construction, agricultural, and consumer products. It includes traditional rail service and transport of intermodal containers and trailers. The company was founded in 1827 and is headquartered in Jacksonville, FL.