Stock Update (NYSE:CSX): CSX to Consolidate Operating Divisions

[GlobeNewswire] – JACKSONVILLE, Fla., Jan. 18, 2016– As CSX continues to match its network resources to business demand and drive additional efficiency, the company announced today that it is consolidating its operations … Read more on this. CSX Corp. (CSX) , valued at $22.19B, opened this morning at $22.25. Looking at the equity, the company’s one day range is $22.15 to $22.83 and has traded between $21.75 and $37.67 over the past year. CSX shares are currently priced at 11.85x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 10.94x forward p/e ratio. The company pays shareholders $0.72 per share in dividend income per year, for a current yield of 3.16%. In a review of the consensus earnings estimate this quarter, 22 sell-side analysts are looking at $0.38 per share, which would be $0.07 worse than the year-ago quarter and a $0.06 sequential decrease. Furthermore, our analysis shows the full-year EPS estimate to be $1.92, which would be a $0.08 setback when compared to the last year’s annual results. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $2.77 Billion. If realized, that would be a 8.58% decrease over the year-ago quarter. More recently, Buckingham Research upgraded CSX from Neutral to Buy (Oct 9, 2015). Previously, Stifel upgraded CSX from Hold to Buy. When considering if the stock is under or overvalued, the average price target is $27.38, which is 23.06% above where the stock opened this morning. See more in (NYSE:CSX) Similar Articles: Stock Update (NYSE:CSX): Rail mergers could be ‘destructive’ to shareholder value – CSX CEO Market Update: CSX Corp (NYSE:CSX) – Some bad news – and the upshot – for Jacksonville stocks Stock Update: CSX Corp (NYSE:CSX) – Grants Available To Improve Healthy Food Transportation And Access In 22 States
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