CSX Corp. Sets New 1-Year High at $28.89 (CSX)
Shares of CSX Corp. (NYSE:CSX) hit a new 52-week high on Friday, Analyst Ratings Network.com reports. The company traded as high as $28.89 and last traded at $28.83, with a volume of 3,055,674 shares trading hands. The stock had previously closed at $28.66.
A number of research firms have recently commented on CSX. Analysts at Deutsche Bank reiterated a “hold” rating on shares of CSX Corp. in a research note to investors on Monday, December 16th. They now have a $28.00 price target on the stock, up previously from $25.00. Separately, analysts at Bank of America Corp. reiterated a “buy” rating on shares of CSX Corp. in a research note to investors on Friday, December 13th. They now have a $32.00 price target on the stock, up previously from $29.00. Finally, analysts at JPMorgan Chase & Co. raised their price target on shares of CSX Corp. from $25.00 to $28.00 in a research note to investors on Thursday, October 17th. They now have a “neutral” rating on the stock. Twelve investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $27.26.
CSX Corp. has a one year low of $20.29 and a one year high of $28.80. The stock’s 50-day moving average is $27.84 and its 200-day moving average is $26.02. The company has a market cap of $29.305 billion and a P/E ratio of 15.43.
CSX Corp. (NYSE:CSX) last posted its quarterly earnings results on Wednesday, October 16th. The company reported $0.46 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.44 earnings per share. CSX Corp.’s revenue was up 3.6% compared to the same quarter last year. On average, analysts predict that CSX Corp. will post $1.84 earnings per share for the current fiscal year.
CSX Corporation (NYSE:CSX), together with its subsidiaries, is a transportation supplier.
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