CSX Corporation (NYSE:CSX) a Hold: RBC Capital

In a research note issued to investors, Walter Spracklin at RBC Capital Reiterated their Hold rating on CSX Corporation (NASDAQ:CSX). The analyst placed a $34.00 price target on the stock which indicates a 4.49% downside to the last closing price. In the year following Walter’s ratings, the stocks covered yield an average return of 8.6% according to TipRanks.com. In the past year 13 out of 20 recommendations or 65% were successful.

Wall Street sell-side analysts have placed a $36.285 one year price target on CSX Corporation (NYSE:CSX). This is the consensus average based on 14 firms who have recently issued reports on the equity.

The average recommendation is the arithmetical average of the individual analyst ratings contributed by sell-side research to produce a Consensus Analyst Rating for each stock. On a scale of 1 to 5 where 1 represents a Strong Buy and 5 represents a Strong Sell,CSX Corporation (NYSE:CSX) is ranked 2.33 based on 14 broker recommendations. Of the 14 analyst estimates, the most bullish sees the stock reaching $42 within the next 12 months while the most bearish analyst sees the stock at $32 within the year.

Taking a look at the long term growth prospects of the stock, sell-side analysts have a consensus mean earnings per share estimate for the current year of $2.08. The high end estimate for this time frame is $2.15 with the low being $1.98.

According to analysts, CSX Corporation (NYSE:CSX) is expected to report earnings per share for the current fiscal quarter of $0.54. This is the consensus mean estimate based on the individual covering sell-side firm’s reported numbers. The company last reported earnings for the period ending on 2015-03-31 of $0.45.

CSX Corporation (CSX), together with its subsidiaries, is a transportation supplier. The Company provides rail-based transportation services, including traditional rail service and the transport of intermodal containers and trailers. CSX’s operating subsidiary, CSX Transportation, Inc. (CSXT), provides link to the transportation supply chain through its approximately 21,000 route mile rail network, which serves centers in 23 states east of the Mississippi River, the District of Columbia and the Canadian provinces of Ontario and Quebec. It has access to over 70 ocean, river and lake port terminals along the Atlantic and Gulf Coasts, the Mississippi River, the Great Lakes and the St. Lawrence Seaway. The Company’s intermodal business links customers to railroads through trucks and terminals. CSXT also serves production and distribution facilities through track connections to approximately 240 short-line and regional railroads.