Market Update: CSX Corp (NYSE:CSX) – CSX Named in Top 50 Best Corporate Citizens

[GlobeNewswire] – JACKSONVILLE, Fla., April 22, 2016– Reflecting CSX’ s ongoing commitment to being a good neighbor in the communities it serves, the company was recognized as one of Corporate Responsibility Magazine’ … Read more on this. CSX Corp. (CSX) , with a current market cap of $26.11B, opened this morning at $27.00. Looking at today’s market, CSX one day range is $27.00 to $27.62 and has traded between $21.33 and $37.67 over the past year. CSX (CSX) shares are currently priced at 14.97x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 14.17x earnings multiple for the same period. And for dividend hunters, the company pays shareholders $0.72 per share annually in dividends, yielding 2.73%. According to a consensus of 25 analysts, the earnings estimate of $0.47 per share would be $0.09 worse than the year-ago quarter and a $0.04 sequential decrease. The full-year EPS estimate is $1.79, which would be a $0.21 better than last year. The quarterly earnings estimate is predicated on a consensus revenue forecast of $2.76 Billion. If reported, that would be a 9.80% 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. With the above information in mind, readers should note that the average price target is $27.65, which is 2.41% 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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