Analyst Rating Update on CSX Corporation (CSX)

CSX Corporation (CSX) has an average broker rating of 2.61, which is interpreted as a Hold, as rated by 17 equity analysts. Nonetheless, 5 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. 1 other analysts advise a Buy. Nevertheless, the majority of 8 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold. 2 brokerage firm advices Strong Sell on the share due to lack of confidence about the future of the company. 1 considers that the stock is a Sell.

CSX Corporation (CSX) : 13 investment research analysts covering CSX Corporation (CSX) have an average price target of $28.62 for the near short term. The highest target price given by the Brokerage Firm to the stock is $39 and the lowest target is $18 for the short term. Analysts expect the variance to be within $4.91 of the average price.

Company shares have received an average consensus rating of Hold for the current week Also, Stifel Nicolaus downgrades their rating on the shares of CSX Corporation (NYSE:CSX). The current rating of the shares is Hold. Earlier, the shares were rated a Buy by the brokerage firm. The rating by the firm was issued on July 15, 2016.


CSX Corporation (NYSE:CSX): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $27.75 and $27.68 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $28.28. The buying momentum continued till the end and the stock did not give up its gains. It closed at $28.20, notching a gain of 1.95% for the day. The total traded volume was 5,645,060 . The stock had closed at $27.66 on the previous day.

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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