CSX Corp. Given New $24.00 Price Target at Sanford C. Bernstein (CSX)
Investment analysts at Sanford C. Bernstein boosted their target price on shares of CSX Corp. (NYSE:CSX) from $22.00 to $24.00 in a note issued to investors on Wednesday, Stock Ratings Network reports. The firm currently has a “market perform” rating on the stock. Sanford C. Bernstein’s price objective would suggest a potential downside of 7.94% from the stock’s previous close.
A number of other analysts have also recently weighed in on CSX. Analysts at Zacks reiterated a “neutral” rating on shares of CSX Corp. (NYSE:CSX) in a research note to investors on Thursday, August 22nd. They now have a $26.00 price target on the stock. Separately, analysts at Barclays Capital raised their price target on shares of CSX Corp. (NYSE:CSX) from $27.00 to $30.00 in a research note to investors on Tuesday, August 6th. Finally, analysts at Credit Suisse initiated coverage on shares of CSX Corp. (NYSE:CSX) in a research note to investors on Friday, July 19th. They set a “neutral” rating and a $26.00 price target on the stock. Eleven investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $26.71.
Shares of CSX Corp. (NYSE:CSX) traded down 0.31% on Wednesday, hitting $26.07. 5,577,908 shares of the company’s stock traded hands. CSX Corp. has a 52-week low of $18.88 and a 52-week high of $26.90. The stock has a 50-day moving average of $25.59 and a 200-day moving average of $24.85. The company has a market cap of $26.561 billion and a P/E ratio of 14.23.
CSX Corp. (NYSE:CSX) last posted its quarterly earnings results on Tuesday, July 16th. The company reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.47 by $0.05. The company had revenue of $3.07 billion for the quarter, compared to the consensus estimate of $3.00 billion. During the same quarter in the previous year, the company posted $0.49 earnings per share. The company’s revenue for the quarter was up 1.9% on a year-over-year basis. On average, analysts predict that CSX Corp. will post $1.80 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, December 13th. Shareholders of record on Friday, November 29th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 2.30%.
CSX Corporation (NYSE:CSX), together with its subsidiaries, is a transportation supplier.
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