Company Update (NYSE:CSX): CSX Employee Recognized With Industry Award for Environmental Excellence

[GlobeNewswire] – JACKSONVILLE, Fla., April 13, 2016– CSX Director of Construction Engineering Michael Hoey was presented with the Association of American Railroads’ John H. Chafee Environmental Excellence Award on Tuesday … Read more on this. CSX Corp. (CSX) , with a current market cap of $24.88B, began trading this morning at $25.90. Looking at the equity, the company’s one day range is $25.07 to $26.32 and has traded between $21.33 and $37.67 over the past year. CSX shares are currently priced at 13.73x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 13.46x forward p/e ratio. And for income investors, the company pays shareholders $0.72 per share annually in dividends, yielding 2.90%. According to a consensus of 25 analysts, the earnings estimate of $0.50 per share would be $0.06 worse than the year-ago quarter and a $0.02 sequential decrease. Investors should also note that the full-year EPS estimate of $1.82 is a $0.18 setback when compared to the previous year’s annual results. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $2.83 Billion. If realized, that would be a 7.52% decrease over the year-ago quarter. More recently, Morgan Stanley downgraded CSX from Overweight to Underweight (Feb 23, 2016). Previously, BofA/Merrill upgraded CSX from Neutral to Buy. When considering if perhaps the stock is under or overvalued, the average price target is $27.22, which is 5.10% above where the stock opened this morning. See more in (NYSE:CSX) Similar Articles: Company Update: CSX Corp (NYSE:CSX) – CSX Honors 78 Customers With Chemical Safety Excellence Awards Company Update (NYSE:CSX): CSX Names New Engineering Leaders Company Update: CSX Corp (NYSE:CSX) – CSX and the Conservation Fund Announce 2015 Grant Recipients
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