CSX Corporation (CSX): Price Target and June Short Interest Disclosure

CSX Corporation (CSX) : The most positive equity analysts on CSX Corporation (CSX) expects the shares to touch $39, whereas, the least positive believes that the stock will trade at $18 in the short term. The company is covered by 15 Wall Street Brokerage Firms. The average price target for shares are $27.4 with an expected fluctuation of $4.31 from the mean.

CSX Corporation (CSX) reported a rise of 17% or 1,380,399 shares in its short interest. The short figure came in at 1% of the total floats. The average daily volume of 7,640,510 shares suggests that the days to cover 9,496,389 short positions, as on June 30,2016, will be 1. On June 15,2016, the short interest was 8,115,990 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 12th.

Also, Oppenheimer initiates coverage on CSX Corporation (NYSE:CSX) . Analysts at the Oppenheimer have a current rating of Market Perform on the shares. The rating by the firm was issued on June 16, 2016.

CSX

CSX Corporation (NYSE:CSX): stock turned positive on Thursday. Though the stock opened at $28.28, the bulls momentum made the stock top out at $29.41 level for the day. The stock recorded a low of $28.01 and closed the trading day at $29.05, in the green by 2.98%. The total traded volume for the day was 19,014,302. The stock had closed at $28.21 in the previous days trading.

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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