CSX Corporation (CSX) : Zacks Investment Research ranks CSX Corporation (CSX) as 3, which is a Hold recommendation. 5 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 1 other analysts are mildly bullish on the stock and favor a Buy. Not everyone is convinced about the stocks future, hence, the stock receives 1 Sell recommendation. 2 more believe that the stock has more downside risks, hence they propose a Strong Sell. A total of 8 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 17 research analysts is 2.61, which indicates as a Hold.
CSX Corporation (CSX) : The highest level CSX Corporation (CSX) is projected to reach is $39 for the short term and the lowest estimate is at $18. The consolidated price target from 13 rating analysts who initiate coverage on the stock is $28.92 and the possibility the share price can swing is $4.86.
Company shares have received an average consensus rating of Hold for the current week CSX Corporation (NYSE:CSX): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $28.00 and $27.95 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $28.26. The buying momentum continued till the end and the stock did not give up its gains. It closed at $28.08, notching a gain of 0.29% for the day. The total traded volume was 4,644,530 . The stock had closed at $28.00 on the previous day.
In a related news, Ratcliffe David M, director of Csx Corp had purchased 1,868 shares on September 1, 2015 in a transaction. The price per share was $26.84 and the total amount of the disclosed transaction was $50,137.The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing. This information is based on open market transaction at the market prices.
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.