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Equities research analysts at FBR Capital Markets cut their price objective on shares of CSX Corp. (NYSE:CSX) from $35.00 to $33.00 in a research note issued to investors on Friday, Stock Ratings Network reports. The firm currently has an “outperform” rating on the stock. FBR Capital Markets’ price objective indicates a potential upside of 21.15% from the company’s current price.

Shares of CSX Corp. (NYSE:CSX) traded up 0.04% on Friday, hitting $27.252. 5,793,148 shares of the company’s stock traded hands. CSX Corp. has a 52-week low of $20.57 and a 52-week high of $29.25. The stock has a 50-day moving average of $28.04 and a 200-day moving average of $26.21. The company has a market cap of $27.625 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 for the quarter, meeting the analysts’ 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 last year, the company posted $0.43 earnings per share. CSX Corp.’s revenue was up 4.7% compared to the same quarter last year. 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 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. Separately, 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. Finally, analysts at Stifel Nicolaus downgraded shares of CSX Corp. from a “buy” rating to a “hold” rating in a research note to investors on Thursday. They now have a $30.00 price target on the stock. Twelve equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The company 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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