Cowen announced CSX (NASDAQ:CSX), bumping up its stock price target to $33.00 today
- Updated: October 13, 2016
Just yesterday CSX (NASDAQ:CSX) traded 0.00% even at $31.15. CSX’s 50-day moving average is $29.41 and its 200-day moving average is $27.43. The last closing price is up 13.57% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time period. 0 shares of CSX traded hands, down from an average trading volume of 6,506,720
In a report released on 10/14/2016 Cowen increased the stock price target of CSX (NASDAQ:CSX) from $30.00 to $33.00 reporting a possible upside of 0.06%.
Recent Performance Chart
CSX has 52 week low of $21.33 and a 52 week high of $31.31 with a PE ratio of 17.00 and has a market capitalization of $0.
In addition to Cowen reporting its stock price target, a total of 24 brokers have issued a research note on the company. The average stock price target is $27.71 with 8 brokers rating the stock a strong buy, 6 brokers rating the stock a buy, 11 brokers rating the stock a hold, 1 broker rating the stock a underperform, and finally 1 broker rating the stock a sell.
Brief Synopsis On 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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