Company Update: CSX Corp (NYSE:CSX) – CSX Chief Financial Officer Discusses Near- and Long-Term Expectations and Strategy

[GlobeNewswire] – JACKSONVILLE, Fla., Feb. 17, 2016– CSX Chief Financial Officer Frank Lonegro today highlighted the company’ s track record of success during the energy market transition and updated expectations for company … Read more on this. CSX Corp. (CSX) , with a current value of $23.83B, started trading this morning at $24.37. Looking at the stock , its one day range is $23.75 to $24.74 and has traded between $21.33 and $37.67 over the past 12 months. CSX shares are currently priced at 13.46x this year’s forecasted earnings, which makes them relatively expensive compared to the industry ’s 12.30x earnings multiple for the same period. And for income investors, the company pays shareholders $0.72 per share annually in dividends, yielding 2.98%. According to a consensus of 24 analysts, the earnings estimate of $0.37 per share would be $0.08 worse than the year-ago quarter and a $0.07 sequential decrease. The full-year EPS estimate is $1.84, which would be a $0.16 better than last year. The quarterly earnings estimate is predicated on a consensus revenue forecast of $2.70 Billion. If reported, that would be a 10.89% decrease over the year-ago quarter. In terms of ratings, Avondale downgraded CSX from Mkt Perform to Mkt Underperform (Feb 12, 2016). Previously, Buckingham Research upgraded CSX from Neutral to Buy. When considering if perhaps the stock is under or overvalued, the average price target is $26.78, which is 9.89% above where the stock opened this morning. See more in (NYSE:CSX) Similar Articles: Company Update: CSX Corp (NYSE:CSX) – CSX Corporation Chief Financial Officer to Address Baird’s 2015 Industrial Conference Company Update: CSX Corp (NYSE:CSX) – CSX Corporation Announces Record Third Quarter Financial Results Company Update: CSX Corp (NYSE:CSX) – CSX Corporation Chief Financial Officer to Address UBS Best of Americas Conference