- CSX Corp experiences a notable decrease in revenue and earnings due to operational disruptions.
- Analysts remain optimistic, with price targets suggesting significant upside potential.
- GuruFocus estimates indicate undervaluation, pointing towards a positive long-term outlook.
CSX Corp (CSX, Financial) recently reported a 22% decline in first-quarter operating income, which amounted to $1.04 billion. This downturn came as revenues dropped 7% to $3.42 billion, leading to a 24% decrease in earnings per share, down to 34 cents. The company's profitability was hit hard by operational disruptions attributed to severe weather conditions and ongoing infrastructure projects, both of which ramped up expenses and reduced volumes.
Wall Street Analysts Forecast
When considering the one-year price projections set forth by 25 financial analysts, the average target for CSX Corp (CSX, Financial) stands at $33.89. Expectations range from a high of $38.00 to a low of $27.00, indicating a potential upside of 23.92% from its current trading price of $27.35. For further insights, more comprehensive estimate data is available on the CSX Corp (CSX) Forecast page.
Furthermore, based on the consensus recommendation from 29 brokerage firms, CSX Corp (CSX, Financial) enjoys an average brokerage recommendation of 2.1. This rating signals an "Outperform" status, with the scale ranging from 1, indicating a Strong Buy, to 5, representing a Sell.
According to GuruFocus metrics, the projected GF Value for CSX Corp (CSX, Financial) over the next year is $35.53. This suggests a compelling upside of 29.91% from the current share price of $27.35. The GF Value is GuruFocus' proprietary model for determining a stock's fair trade value, considering the historical multiples at which the stock has traded, past growth trends, and future business performance estimates. More detailed data is accessible on the CSX Corp (CSX) Summary page.
