CSX Corporation (CSX) Receives ‘Analyst’ Rating

CSX Corporation (CSX) : 17 analysts are covering CSX Corporation (CSX) and their average rating on the stock is 2.49, which is read as a Buy. 6 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. CSX Corporation (CSX) also receives 1 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. However, 2 analysts consider that the stock has more downward risks ahead, hence, they suggest a Strong Sell on the stock. 1 more analyst has given the stock a Sell recommendation. A total of 7 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

CSX Corporation (CSX) : The consensus price target for CSX Corporation (CSX) is $28.39 for the short term with a standard deviation of $4.25. The most optimist securities analyst among the 13 who monitor the stock believes that the stock can reach $35, however, the pessimist price target for the company is $18.


Also, Atlantic Equities initiates coverage on CSX Corporation (NYSE:CSX) The shares have been rated Neutral. The rating by the firm was issued on August 11, 2016.

CSX Corporation (NYSE:CSX): After opening at $28.99, the stock dipped to an intraday low of $28.7389 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $29.32 and the buying power remained strong till the end. The stock closed at $29.23 for the day, a gain of 0.97% for the day session. The total traded volume was 9,497,092. The stocks close on the previous trading day was $28.95.

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.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.