CSX Corporation (CSX) Receives Price Target

CSX Corporation (CSX) : Currently there are 12 street experts covering CSX Corporation (CSX) stock. The most bullish and bearish price target for the stock is $32 and $18 respectively for the short term. The average price target of all the analysts comes to $28.08. The estimated standard deviation from the target is $3.96.

CSX Corporation (CSX) : 17 analysts are covering CSX Corporation (CSX) and their average rating on the stock is 2.61, which is read as a Hold. 5 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 8 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.


Also, Atlantic Equities initiates coverage on CSX Corporation (NYSE:CSX).The analysts at the brokerage house have a current rating of Neutral on the shares. The rating by the firm was issued on August 11, 2016.

CSX Corporation (NYSE:CSX): The stock opened at $28.37 on Thursday but the bulls could not build on the opening and the stock topped out at $28.38 for the day. The stock traded down to $27.93 during the day, due to lack of any buying support eventually closed down at $28.18 with a loss of -0.35% for the day. The stock had closed at $28.28 on the previous day. The total traded volume was 4,122,077 shares.

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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