CSX Corp. EPS Estimates Cut by Credit Suisse (CSX)
Equities research analysts at Credit Suisse cut their EPS estimates on shares of CSX Corp. (NYSE:CSX) in a research note issued to investors on Friday, AnalystRatingsNetwork reports. The firm currently has a “neutral” rating and a $27.00 price target on the company’s shares. Credit Suisse’s target price indicates a potential downside of 0.88% from the stock’s previous close.
CSX Corp. (NYSE:CSX) traded up 0.07% on Friday, hitting $27.26. 5,792,760 shares of the company’s stock traded hands. CSX Corp. has a 1-year low of $20.57 and a 1-year high of $29.25. The stock’s 50-day moving average is $28.04 and its 200-day moving average is $26.21. The company has a market cap of $27.633 billion and a P/E ratio of 14.66.
CSX Corp. (NYSE:CSX) last posted its quarterly earnings results on Thursday, January 16th. The company reported $0.42 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.42. The company had revenue of $3.00 billion for the quarter, compared to the consensus estimate of $2.98 billion. During the same quarter in the previous year, the company posted $0.43 earnings per share. The company’s revenue for the quarter was up 4.7% on a year-over-year basis. Analysts expect that CSX Corp. will post $1.96 EPS for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at FBR Capital Markets cut their price target on shares of CSX Corp. from $35.00 to $33.00 in a research note to investors on Friday. They now have an “outperform” rating on the stock. Separately, analysts at Morgan Stanley cut their price target on shares of CSX Corp. from $30.00 to $29.00 in a research note to investors on Friday. Finally, analysts at Argus upgraded shares of CSX Corp. from a “hold” rating to a “buy” rating in a research note to investors on Thursday. They now have a $35.00 price target on the stock. Twelve investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. CSX Corp. presently has a consensus rating of “Hold” and an average target price of $28.43.
CSX Corporation (NYSE:CSX), together with its subsidiaries, is a transportation supplier.
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