Company Update: CSX Corp (NYSE:CSX) – Railroads to Profit — CSX Corp., Union Pacific, Norfolk Southern, and Kansas City Southern

[Accesswire] – NEW YORK, NY / ACCESSWIRE / February 11, 2016 / Rail remains the most cost effective mode of transporting numerous goods across the country which makes it attractive right now. Depreciated Oil prices means … Read more on this. CSX Corp. (CSX) , with a current value of $22.86B, began trading this morning at $23.65. Looking at today’s market, CSX one day range is $23.45 to $23.93 and has traded between $21.33 and $37.67 over the past year. CSX (CSX) shares are currently priced at 12.51x this year’s forecasted earnings, which makes them relatively expensive compared to the industry ’s 10.95x earnings multiple for the same period. The company pays shareholders $0.72 per share annually in dividends, yielding 3.15%. In a review of the consensus earnings estimate this quarter, 24 sell-side analysts are looking at $0.37 per share, which would be $0.08 worse than the year-ago quarter and a $0.07 sequential decrease. The full-year EPS estimate is $1.84 which would be a $0.16 worse than last year’s full-year earnings. The quarterly earnings estimate is predicated on a consensus revenue forecast of $2.71 Billion. If reported, that would be a 10.56% decrease over the year-ago quarter. Recently, Buckingham Research upgraded CSX from Neutral to Buy (Oct 9, 2015). Previously, Stifel upgraded CSX from Hold to Buy. With the above information in mind, readers should note that the average price target is $26.83, which is 13.45% above where the stock opened this morning. See more in (NYSE:CSX) Similar Articles: Company Update: Norfolk Southern Corporation (NYSE:NSC) – Norfolk Southern rejects Canadian Pacific’s revised offer Market Update: Norfolk Southern Corporation (NYSE:NSC) – Canadian Pacific revises hostile bid for Norfolk Southern Company Update: Norfolk Southern Corporation (NYSE:NSC) – Norfolk Southern restructures Triple Crown Services subsidiary
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