Stock Update (NYSE:CSX): CSX Joins Nasdaq-100 Index

[GlobeNewswire] – JACKSONVILLE, Fla., Feb. 22, 2016– This morning as of market open, CSX became a component of the Nasdaq-100 Index ®, the world ’ s preeminent large-cap growth index. The Nasdaq-100 Index is composed of … Read more on this. CSX Corp. (CSX) , currently valued at $24.52B, started the session at $25.45. Looking at the stock, its one day range is $25.22 to $25.71 and has traded between $21.33 and $37.67 over the past 12 months. CSX (CSX) shares are currently priced at 13.32x this year’s forecasted earnings, which makes them relatively expensive compared to the industry ’s 12.30x earnings multiple for the same period. And for passive income investors, the company pays shareholders $0.72 per share annually in dividends, yielding 2.94%. 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 setback than last year’s full-year earnings. The quarterly earnings estimate is predicated on a consensus revenue forecast of $2.69 Billion. If reported, that would be a 11.22% decrease over the year-ago quarter. In terms of ratings, Avondale downgraded CSX from Mkt Perform to Mkt Underperform (Feb 12, 2016). Previously, Buckingham Research upgraded CSX from Neutral to Buy. With the above information in mind, readers should note that the average price target is $26.78, which is 5.23% above where the stock opened this morning. See more in (NYSE:CSX) Similar Articles: Stock Update (NYSE:CSX): CSX to Consolidate Operating Divisions Market Update: CSX Corp (NYSE:CSX) – CSX Named Sustainability Leader by Dow Jones Sustainability Index for North America Stock Update (NYSE:CSX): CSX Donates 130 Acres to September 11th National Memorial Trail Alliance
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