Price Target Update on CSX Corporation (NYSE:CSX)

CSX Corporation (NYSE:CSX) : The consensus price target for CSX Corporation (NYSE:CSX) is $27.33 for the short term with a standard deviation of $4.37. The most optimist securities analyst among the 15 who monitor the stock believes that the stock can reach $39, however, the pessimist price target for the company is $18.

Other Equity analysts have also commented on the company shares. Oppenheimer initiates coverage on CSX Corporation (NYSE:CSX). The current rating of the shares is Market Perform, according to the research report released by the firm. The rating by the firm was issued on June 16, 2016.

CSX Corporation (NYSE:CSX): stock turned positive on Thursday. Though the stock opened at $26.83, the bulls momentum made the stock top out at $27.05 level for the day. The stock recorded a low of $26.79 and closed the trading day at $27, in the green by 1.69%. The total traded volume for the day was 3,813,552. The stock had closed at $26.55 in the previous days trading.

The company shares have dropped -21.22% from its 1 Year high price. On Jun 25, 2015, the shares registered one year high at $34.16 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $26.16 and the 200 Day Moving Average price is recorded at $25.29. On the companys insider trading activities, Ratcliffe David M, director of Csx Corp, had purchased 1,868 shares on September 1, 2015. The total value of the transaction was $50,137. The information was disclosed with the SEC in a Form 4 Filing. The information is based on open market trades at the market prices.Option exercises are not covered.

CSX Corporation (CSX), together with its subsidiaries, is a transportation company. The Company provides rail-based transportation services, including traditional rail service and the transport of intermodal containers and trailers. The Company has three lines of business: merchandise business, coal business and the intermodal business. The Companys merchandise business transports aggregates (which include crushed stone, sand and gravel), metal, phosphate, fertilizer, food, consumer (manufactured goods and appliances), agricultural, automotive, paper and chemical products. Its coal business transports domestic coal, coke and iron ore to electricity-generating power plants, steel manufacturers and industrial plants, as well as export coal to deep-water port facilities. Through a network of around 50 terminals, the intermodal business serves markets east of the Mississippi and transports manufactured consumer goods in containers, providing truck-like services for longer shipments.

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