CSX Corporation with ticker code (CSX) now have 27 analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The range between the high target price and low target price is between 39 and 24 with the average target price sitting at 34.42. With the stocks previous close at 31.11 this indicates there is a potential upside of 10.6%. The day 50 moving average is 31.57 and the 200 day moving average is 30.91. The market capitalisation for the company is $64,374m. Company Website: https://www.csx.com
The potential market cap would be $71,223m based on the market concensus.
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.
