CSX Corporation with ticker code (CSX) have now 25 market analysts covering the stock. The analyst consensus now points to a rating of ‘Buy’. The target price High/Low ranges between 39 and 24 suggesting an average Analsyt target price of $33.98. Given that the stocks previous close was at $30.46 this indicates there is a potential upside of 11.6%. The 50 day moving average now sits at $30.21 while the 200 day moving average is $30.60. The company has a market cap of $62,375m. Visit the company website at: https://www.csx.com
The potential market cap would be $69,583m based on the market consensus.
CSX Corporation, together with its subsidiaries, provides rail-based freight transportation services. The company offers rail services; and transportation of intermodal containers and trailers, as well as other transportation services, such as rail-to-truck transfers and bulk commodity operations. It transports chemicals, agricultural and food products, minerals, automotive, forest products, fertilizers, and metals and equipment; and coal, coke, and iron ore to electricity-generating power plants, steel manufacturers, and industrial plants, as well as exports coal to deep-water port facilities. The company also offers intermodal transportation services through a network of approximately 30 terminals transporting manufactured consumer goods in containers; and drayage services, including the pickup and delivery of intermodal shipments. It serves the automotive industry with distribution centers and storage locations, as well as connects non-rail served customers through transferring products, such as plastics and ethanol from rail to trucks. The company operates approximately 20,000 route mile rail network, which serves various population centers in 26 states east of the Mississippi River, the District of Columbia, and the Canadian provinces of Ontario and Quebec, as well as owns and leases approximately 3,600 locomotives. It also serves production and distribution facilities through track connections. CSX Corporation was incorporated in 1978 and is headquartered in Jacksonville, Florida.
The company has a dividend yield of 1.44% with the ex dividend date set at 27-2-2023 (DMY).
Other points of data to note are a P/E ratio of 15.62, revenue per share of 6.95 and a 8.93% return on assets.
