In a recent update, Bernstein's analyst David Vernon has raised the price target for CSX (CSX, Financial) from $33.00 to $36.00. This adjustment represents a 9.09% increase in the target price.
Despite the change in price target, the analyst maintains a "Market Perform" rating on CSX. The previous rating was also "Market Perform," indicating a consistent outlook from Bernstein regarding the stock's performance.
This update is a notable move as it reflects Bernstein's revised expectations for CSX's potential value in the market. Investors interested in CSX stock should consider this information as part of their decision-making process.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 24 analysts, the average target price for CSX Corp (CSX, Financial) is $33.67 with a high estimate of $40.00 and a low estimate of $27.00. The average target implies an upside of 1.09% from the current price of $33.31. More detailed estimate data can be found on the CSX Corp (CSX) Forecast page.
Based on the consensus recommendation from 28 brokerage firms, CSX Corp's (CSX, Financial) average brokerage recommendation is currently 2.2, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for CSX Corp (CSX, Financial) in one year is $35.52, suggesting a upside of 6.65% from the current price of $33.305. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the CSX Corp (CSX) Summary page.
