Company Update: CSX Corp (NYSE:CSX) – CSX and the Conservation Fund Announce 2015 Grant Recipients

[GlobeNewswire] – ARLINGTON, Va., Jan. 07, 2016– CSX and The Conservation Fund today announced the grant recipients for the 2015 Grant Program for Transporting Healthy Food. Twelve charitable organizations in Alabama, … Read more on this. CSX Corp. (CSX) , valued at $23.29B, opened this morning at $23.82. Looking at the stock, its one day range is $23.59 to $24.30 and has traded between $23.59 and $37.67 over the past year. CSX (CSX) shares are currently priced at 12.25x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 11.78x earnings multiple for the same period. And for dividend hunters, the company pays shareholders $0.72 per share annually in dividends, yielding 2.77%. According to a consensus of 26 analysts, the earnings estimate of $0.47 per share would be $0.02 worse than the year-ago quarter and a $0.03 sequential decrease. The full-year EPS estimate is $1.99, which would be a $0.07 better than last year. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $2.87 Billion. If realized, that would be a 10.03% decrease over the year-ago quarter. In terms of ratings, Buckingham Research upgraded CSX from Neutral to Buy (Oct 9, 2015). Previously, Stifel upgraded CSX from Hold to Buy. The average price target for CSX shares by the analysts covering it is $30.52, which is 28.13% above where the stock opened. See more in (NYSE:CSX) Similar Articles: Company Update: CSX Corp (NYSE:CSX) – CSX Corporation Chief Financial Officer to Address Baird’s 2015 Industrial Conference Company Update: Bank of America Corporation (NYSE:BAC) – Bank of America Announces 2015 Art Conservation Project Grant Recipients Company Update: CSX Corp (NYSE:CSX) – CSX Corporation Announces All-Time Record Quarterly Financial Results
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