CSX Corp. (NYSE:CSX): A Stock to Watch

[PRnewswire] CSX Corp. (NYSE:CSX) was recently named to three top sustainability leadership indices: the Dow Jones Sustainability Index for North America, the CDP S&P 500 Climate Disclosure Leadership Index 2014 and the CDP S&P 500 Climate Performance Leadership Index 2014."Sustainable growth is critical to the long-term success of our business and to our ability to meet America's increasing need for efficient, environmentally-friendly rail transportation," said Michael J. Ward, chairman, president and chief executive officer.Stock PerformanceTaking a look at the company’s recent performance, CSX Corp reported second quarter earnings for fiscal 2014 on July 15^th. The company reported actual earnings per share of $0.53 against the consensus Street estimate of $0.52. This represents year over year growth of 1.92%. CSX Corp posted revenue of $3.24 billion against estimates of $3.23 billion.CSX Corp is currently valued at $32.52 billion and closed the last trading session at $32.98. The stock has a 50-day moving average of $28.56 and a 200-day moving average of $27.52.

Is this a Buying Opportunity?There are currently fourteen analysts that we track that cover the stock. Of those fourteen, five have a Buy rating and nine have a hold rating. On a consensus basis this yields a score of 2.36 and a Hold. The combined price objective of these covering analysts is $31.53, which represents a 0.60% difference to the last closing price.The most recent analyst activity consisted of BMO Capital MarketsBoosting their price target on the company. BMO Capital Markets has a price target of $34 which represents an upside of 6.85% from the last closing price. On the date of the report, the stock closed at $32.34.Another research firm weighing in recently was Macquarie who reiterated their rating on the stock. On July 17^th Macquarie lowered their price target on the stock from $33 to $32, or a 0.53% upside to the current price. On the day of the report, CSX shares closed at $30.76.Company ProfileCSX Corp. (NYSE:CSX) together with its subsidiaries, provides rail-based transportation services in the United States and Canada. It offers traditional rail services, and transports intermodal containers and trailers. The company transports crushed stone, sand and gravel, metal, phosphate, fertilizer, food, consumer, agricultural, automotive, paper, and chemical products; and coal, coke, and iron ore to electricity-generating power plants, steel manufacturers, industrial plants, and deep-water port facilities. It also provides intermodal transportation services through a network of approximately 50 terminals transporting manufactured consumer goods in containers in the eastern United States, as well as performs drayage services, including pickup and delivery of intermodal shipments; and trucking dispatch services. In addition, the company operates various distribution centers and storage locations; and connects non-rail served customers through transferring products from rail to trucks, such as ethanol and minerals.