CSX Receives Average Rating of “Hold” from Brokerages (NYSE:CSX)
CSX (NYSE:CSX) has received a consensus rating of “Hold” from the eighteen ratings firms that are presently covering the company, Analyst RN reports. Nine research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $31.41.
Several analysts have recently commented on the stock. Analysts at Macquarie reiterated an “outperform” rating on shares of CSX in a research note on Thursday, July 17th. They now have a $32.00 price target on the stock, down previously from $33.00. Separately, analysts at Credit Suisse reiterated a “neutral” rating on shares of CSX in a research note on Thursday, July 17th. They now have a $31.00 price target on the stock, up previously from $30.00. Finally, analysts at Argus raised their price target on shares of CSX from $33.00 to $38.00 in a research note on Thursday, July 17th. They now have a “buy” rating on the stock.
Shares of CSX (NYSE:CSX) opened at 30.91 on Tuesday. CSX has a 52 week low of $24.68 and a 52 week high of $31.59. The stock’s 50-day moving average is $30.46 and its 200-day moving average is $29.41. The company has a market cap of $30.897 billion and a P/E ratio of 17.28.
CSX (NYSE:CSX) last released its earnings data on Tuesday, July 15th. The company reported $0.53 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.52 by $0.01. The company had revenue of $3.24 billion for the quarter, compared to the consensus estimate of $3.23 billion. During the same quarter in the prior year, the company posted $0.52 earnings per share. The company’s quarterly revenue was up 6.5% on a year-over-year basis. Analysts expect that CSX will post $1.86 EPS for the current fiscal year.
CSX Corporation (NYSE:CSX), together with its subsidiaries, is a transportation supplier.
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