Company Update: CSX Corp (NYSE:CSX) – CSX Honors 78 Customers With Chemical Safety Excellence Awards

[GlobeNewswire] – JACKSONVILLE, Fla., April 07, 2016– CSX Corporation yesterday announced the recipients of its 22 nd annual Chemical Safety Excellence Award, recognizing 78 customers for their commitment to the safe transportation … Read more on this. CSX Corp. (CSX) , valued at $23.63B, opened at $24.66. Looking at the stock, its one day range is $24.46 to $24.88 and has traded between $21.33 and $37.67 over the past 12 months. Priced at 13.58x this year’s forecasted earnings, CSX shares are relatively inexpensive compared to the industry’s 13.80x forward p/e ratio. And for dividend hunters, the company pays shareholders $0.72 per share annually in dividends, yielding 2.86%. Consensus earnings for the current quarter by the 25 sell-side analysts covering the stock is an estimate of $0.37 per share, which would be $0.08 worse than the year-ago quarter and a $0.05 sequential decrease. What we find to be interesting is that the full-year EPS estimate of $1.83 is a $0.17 setback when compared to the previous year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $2.68 Billion. If reported, that would be a 11.55% decrease over the year-ago quarter. Recently, Morgan Stanley downgraded CSX from Overweight to Underweight (Feb 23, 2016). Previously, BofA/Merrill upgraded CSX from Neutral to Buy. With the above information in mind, readers should note that the average price target is $27.30, which is 10.71% above where the stock opened this morning. See more in (NYSE:CSX) Similar Articles: Company Update: CSX Corp (NYSE:CSX) – CSX Chief Financial Officer Discusses Near- and Long-Term Expectations and Strategy Company Update: CSX Corp (NYSE:CSX) – Railroads to Profit — CSX Corp., Union Pacific, Norfolk Southern, and Kansas City Southern Company Update: CSX Corp (NYSE:CSX) – CSX and the Conservation Fund Announce 2015 Grant Recipients
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