CSX Price Target Raised to $32.00 at BMO Capital Markets (CSX)
Equities research analysts at BMO Capital Markets upped their target price on shares of CSX (NYSE:CSX) from $30.00 to $32.00 in a research note issued to investors on Friday. BMO Capital Markets’ price objective would suggest a potential upside of 6.70% from the stock’s previous close.
In other CSX news, EVP Clarence W. Gooden sold 33,400 shares of CSX stock in a transaction dated Friday, June 6th. The shares were sold at an average price of $30.00, for a total value of $1,002,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
CSX has been the subject of a number of other recent research reports. Analysts at Zacks reiterated a “neutral” rating on shares of CSX in a research note on Thursday, April 24th. They now have a $30.00 price target on the stock. Separately, analysts at Argus reiterated a “buy” rating on shares of CSX in a research note on Tuesday, April 22nd. They now have a $35.00 price target on the stock. Finally, analysts at S&P Equity Research reiterated a “buy” rating on shares of CSX in a research note on Thursday, April 17th. Ten investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $29.72.
Shares of CSX (NYSE:CSX) traded up 1.30% during mid-day trading on Friday, hitting $30.38. 2,661,333 shares of the company’s stock traded hands. CSX has a 52-week low of $22.40 and a 52-week high of $30.51. The stock’s 50-day moving average is $29.05 and its 200-day moving average is $28.20. The company has a market cap of $30.513 billion and a P/E ratio of 16.91.
CSX (NYSE:CSX) last issued its quarterly earnings data on Tuesday, April 15th. The company reported $0.40 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.38 by $0.02. The company had revenue of $3.01 billion for the quarter, compared to the consensus estimate of $2.98 billion. During the same quarter in the prior year, the company posted $0.45 earnings per share. The company’s quarterly revenue was up 1.7% on a year-over-year basis. On average, analysts predict that CSX will post $1.86 earnings per share for the current fiscal year.
CSX Corporation (NYSE:CSX), together with its subsidiaries, is a transportation supplier.
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