TD Cowen has raised its rating for CSX (CSX, Financial) from Hold to Buy, increasing its price target from $32 to $45. This positive outlook is driven by the growing possibility of consolidation in the East-West rail sector. The firm suggests that a bid from Union Pacific (UNP) for Norfolk Southern (NSC) might stabilize CSX's share value. Additionally, there's speculation regarding a possible acquisition of CSX by Union Pacific. The analyst notes that CSX has been assigned a new potential takeout multiple, considering potential synergy benefits.
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 $35.46 with a high estimate of $42.00 and a low estimate of $27.00. The average target implies an upside of 3.11% from the current price of $34.39. 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 2.1, 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 3.29% from the current price of $34.39. 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.
