CSX Corp. Price Target Cut to $27.00 (CSX)
Stock analysts at Deutsche Bank cut their price objective on shares of CSX Corp. (NYSE:CSX) from $28.00 to $27.00 in a report issued on Friday, StockRatingsNetwork reports. Deutsche Bank’s price objective indicates a potential downside of 0.88% from the company’s current price.
CSX Corp. (NYSE:CSX) traded down 0.35% during mid-day trading on Friday, hitting $27.145. The stock had a trading volume of 9,711,678 shares. CSX Corp. has a 52-week low of $20.57 and a 52-week 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 $27.516 billion and a price-to-earnings ratio of 14.66.
CSX Corp. (NYSE:CSX) last announced its 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. On average, analysts predict that CSX Corp. will post $1.96 earnings per share for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Credit Suisse cut their EPS estimates on shares of CSX Corp. in a research note on Friday. They now have a “neutral” rating and a $27.00 price target on the stock. They previously had a $28.00 price target on the stock. Separately, 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. Finally, 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. Eleven analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. CSX Corp. presently has an average rating of “Hold” and a consensus target price of $28.38.
CSX Corporation (NYSE:CSX), together with its subsidiaries, is a transportation supplier.
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