Brokerage Firm Rating Update on CSX Corporation (CSX)

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.

CSX Corporation (CSX) stock is expected to deviate a maximum of $3.96 from the average target price of $28.08 for the short term period. 12 Street Experts have initiated coverage on the stock with the most promising target being $32 and the most muted being $18.


Company shares have received an average consensus rating of Hold for the current week Also, Atlantic Equities initiates coverage on CSX Corporation (NYSE:CSX). According to the latest information available, the shares are now rated Neutral by the analysts at the agency. The rating by the firm was issued on August 11, 2016.

CSX Corporation (NYSE:CSX): The stock opened at $28.27 and touched an intraday high of $28.82 on Wednesday. During the day, the stock corrected to an intraday low of $28.2, however, the bulls stepped in and pushed the price higher to close in the green at $28.81 with a gain of 2.45% for the day. The total traded volume for the day was 7,999,473. The stock had closed at $28.12 in the previous trading session.

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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