Barron’s Bullish on CSX Corp; Shares Have Potential to Rise 33% Over the Next Year (CSX)
Over the weekend railroad transporter CSX Corporation (CSX) received some positive coverage in Barron’s as analysts at the financial services magazine believe the company’s stock is in for a significant run up over the next twelve months.
The analysts cite that the downturn in coal may have bottomed and as a result CSX should see more profitability and share price appreciation. Companies like CSX have been able to successfully cut costs in these lean times and remain profitable, so as the market improves CSX should improve as well.
Barron’s say that Wall Street has missed when evaluating CSX; they say shares should rise about 33% over the next year. More over, cash flow should increase by 10% while volume decline should be mitigated.
CSX shares were up 38 cents, or +1.73%, during pre-market trading on Monday. The stock is mostly flat over the past year.
The Bottom Line
Shares of CSX Corp (CSX) have a dividend yield of 2.55% based on Friday’s closing price of $21.97 and the company’s annualized dividend payout of 56 cents per share.
CSX Corporation is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.3 out of 5 stars.
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