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JP Morgan announced CSX Corporation (NYSE:CSX), stepping up its target to $62.00 earlier today

JP Morgan bumped up the target of CSX Corporation (NYSE:CSX) to $62.00 reporting a potential upside of 0.15%.

Having a price of $53.75, CSX Corporation (NYSE:CSX) traded 0.75% higher on the day. With the last close up 4.17% from the two hundred day average, compared with the Standard & Poor's 500 Index which has increased 0.03% over the same period. CSX has recorded a 50-day average of $51.69 and a two hundred day average of $51.34. Trade Volume was down over the average, with 1,225,773 shares of CSX changing hands under the typical 6,978,660

Recent Performance Chart

CSX Corporation (NYSE:CSX)

CSX Corporation has PE ratio of 27.97 with a one year low of $30.01 and a one year high of $55.48 and has a total market value of $0.

A total of 24 analysts have released a research note on CSX. Eight analysts rating the company a strong buy, six analysts rating the company a buy, eleven brokerages rating the stock a hold, 1 brokerage rating the stock a underperform, and finally 1 brokerage rating the stock a sell with a average stock price target of $27.71.

Brief Synopsis On CSX Corporation (NYSE:CSX)

CSX Corporation is a transportation company. The Company provides rail-based freight transportation services, including traditional rail service and transport of intermodal containers and trailers, as well as other transportation services, such as rail-to-truck transfers and bulk commodity operations. The Company categorizes its products into three primary lines of business: merchandise, intermodal and coal. The Company's intermodal business links customers to railroads through trucks and terminals. The Company's merchandise business consists of shipments in markets, such as agricultural and food products, fertilizers, chemicals, automotive, metals and equipment, minerals and forest products. 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 export coal to deep-water port facilities.

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