CSX Corporation (CSX) : Analyst Rating Update

CSX Corporation (CSX) : The consensus on CSX Corporation (CSX) based on 18 analyst recommendation on the company stock is 2.41, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 7 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 1 analyst believes that the stock is a Buy, which can produce decent returns in the future. 7 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 2 analyst sees the stock overvalued at current levels and advises a Strong Sell on the stock. 1 analyst also believes that the downside risk to the stock is higher and suggests a Sell on CSX Corporation (CSX).

CSX Corporation (CSX) : The highest short term price target forecast on CSX Corporation (CSX) is $39 and the lowest target price is $18. A total of 15 equity analysts are currently covering the company. The average price of all the analysts is $27.33 with a standard deviation of $4.37.

CSX Corporation (NYSE:CSX): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $25.50 and $25.33 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $25.98. The buying momentum continued till the end and the stock did not give up its gains. It closed at $25.97, notching a gain of 1.17% for the day. The total traded volume was 5,281,506 . The stock had closed at $25.67 on the previous day.

Also, Oppenheimer initiates coverage on CSX Corporation (NYSE:CSX). The rating major has initiated the coverage with market perform rating on the shares. The rating by the firm was issued on June 16, 2016. The company shares have dropped -19.25% from its 1 Year high price. On Jul 15, 2015, the shares registered one year high at $35.87 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $26.15 and the 200 Day Moving Average price is recorded at $25.30.

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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