A statement released earlier today by Seaport Global Securities about CSX (NASDAQ:CSX) raises the target price to $31.00
- Updated: October 19, 2016
CSX (NASDAQ:CSX) had its stock price target increased to $31.00 by Seaport Global Securities in a report released 10/19/2016. The new stock price target indicates remote upside the company's previous stock price.
Previously on Tuesday October 18, 2016, Zacks Investment Research released a statement about CSX (NASDAQ:CSX) increased the target price from $0.00 to $35.00. At the time, this indicated a possible upside of 0.13%.
Only yesterday CSX (NASDAQ:CSX) traded 0.16% higher at $31.02. The company’s 50-day moving average is $29.65 and its 200-day moving average is $27.56. The last closing price is up 12.72% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time period. 404,497 shares of CSX exchanged hands, down from an avg. volume of 6,330,760
With a total market value of $0, CSX has PE ratio of 16.96 with a one year low of $21.33 and a one year high of $31.73 .
A total of 24 equity analysts have released a ratings update on CSX. Eight equity analysts rating the company a strong buy, six equity analysts rating the company a buy, eleven equity analysts rating the company a hold, one equity analyst rating the company a underperform, and finally one equity analyst rating the company a sell with a one year target of $27.71.
Brief Synopsis About CSX (NASDAQ:CSX)
CSX Corporation, together with its subsidiaries, is a transportation company. The Company provides rail-based transportation services, including rail service and the transport of intermodal containers and trailers. The Company serves three lines of business, such as merchandise business, coal business and intermodal business. The Company's merchandise business consists of shipments in diverse markets, such as agricultural products, phosphates and fertilizers, food and consumer, chemicals, automotive, metals, forest products, minerals, and waste and equipment. The Company's coal business transports domestic coal, coke and iron ore to electricity-generating power plants, steel manufacturers and industrial plants, as well as exports coal to deep-water port facilities. The Company's intermodal business combines the rail transportation with the short-haul flexibility of trucks and offers long-haul trucking.
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