In a notable move, shares of CSX (CSX, Financial) saw an increase of 2.4% during after-hours trading. This uptick came on the back of reports suggesting that Union Pacific is contemplating a strategic deal involving Norfolk Southern, another prominent player in the rail industry. Such a development has buoyed the stock of CSX and Norfolk Southern, which also experienced a rise in its share price.
The broader market context saw U.S. equity futures trading higher, continuing gains from the previous session. Earnings season is underway, with financial institutions reporting positive outcomes, contributing to the overall market optimism. CSX's performance stands out due to the potential impact of a strategic rail operator transaction, drawing significant attention from investors.
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 $35.17 with a high estimate of $41.00 and a low estimate of $27.00. The average target implies an upside of 1.93% from the current price of $34.50. 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 2.96% from the current price of $34.5. 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.
