CSX Corp. PT Raised to $28.00 (CSX)
Investment analysts at JPMorgan Chase & Co. lifted their price objective on shares of CSX Corp. (NYSE:CSX) from $25.00 to $28.00 in a note issued to investors on Thursday, Stock Ratings News reports. The firm currently has a “neutral” rating on the stock. JPMorgan Chase & Co.’s target price would suggest a potential upside of 10.37% from the company’s current price.
Shares of CSX Corp. (NYSE:CSX) traded down 2.01% during mid-day trading on Thursday, hitting $25.37. The stock had a trading volume of 11,196,176 shares. CSX Corp. has a 1-year low of $18.88 and a 1-year high of $26.68. The stock has a 50-day moving average of $25.29 and a 200-day moving average of $24.56. The company has a market cap of $25.848 billion and a P/E ratio of 14.09. CSX Corp. also saw some unusual options trading on Wednesday. Stock investors acquired 5,826 put options on the stock. This represents an increase of 271% compared to the typical volume of 1,569 put options.
CSX Corp. (NYSE:CSX) last posted its quarterly earnings results on Wednesday, October 16th. The company reported $0.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.43 by $0.03. The company had revenue of $3.00 billion for the quarter, compared to the consensus estimate of $2.94 billion. During the same quarter in the previous year, the company posted $0.44 earnings per share. CSX Corp.’s revenue was up 3.6% compared to the same quarter last year. Analysts expect that CSX Corp. will post $1.80 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, December 13th. Investors of record on Friday, November 29th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 2.36%. The ex-dividend date of this dividend is Tuesday, November 26th.
CSX has been the subject of a number of other recent research reports. Analysts at RBC Capital downgraded shares of CSX Corp. from an “outperform” rating to a “sector perform” rating in a research note to investors on Thursday. They now have a $28.00 price target on the stock, down previously from $31.00. Finally, analysts at BMO Capital Markets downgraded shares of CSX Corp. from an “outperform” rating to a “market perform” rating in a research note to investors on Wednesday. They now have a $28.00 price target on the stock, down previously from $29.00. Thirteen equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $26.83.
CSX Corporation (NYSE:CSX), together with its subsidiaries, is a transportation supplier.
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