Evercore ISI Trims CSX (NASDAQ:CSX) Target Price to $37.00

CSX (NASDAQ:CSX) had its price target decreased by analysts at Evercore ISI from $38.00 to $37.00 in a report released on Thursday, Benzinga reports. The brokerage presently has an “outperform” rating on the transportation company’s stock. Evercore ISI’s target price would indicate a potential upside of 4.31% from the company’s previous close.

CSX has been the subject of several other research reports. Sanford C. Bernstein lifted their price target on CSX from $35.00 to $36.00 and gave the stock a “market perform” rating in a research report on Monday, July 8th. Royal Bank of Canada decreased their target price on shares of CSX from $36.00 to $35.00 and set a “sector perform” rating for the company in a report on Thursday. Susquehanna increased their price target on shares of CSX from $41.00 to $42.00 and gave the company a “positive” rating in a report on Wednesday, October 2nd. Stephens restated an “overweight” rating and issued a $42.00 price objective on shares of CSX in a report on Tuesday, August 6th. Finally, Barclays lowered their price objective on CSX from $41.00 to $40.00 and set an “overweight” rating on the stock in a research report on Wednesday, September 25th. Seven equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $38.94.

CSX Trading Down 0.1 %

NASDAQ:CSX opened at $35.47 on Thursday. The firm has a market capitalization of $69.34 billion, a P/E ratio of 19.49, a PEG ratio of 1.90 and a beta of 1.19. The company has a debt-to-equity ratio of 1.42, a current ratio of 1.16 and a quick ratio of 1.01. CSX has a one year low of $29.03 and a one year high of $40.12. The company’s 50-day simple moving average is $34.05 and its 200 day simple moving average is $33.99.

CSX (NASDAQ:CSX) last issued its quarterly earnings results on Wednesday, October 16th. The transportation company reported $0.46 EPS for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.02). The company had revenue of $3.62 billion during the quarter, compared to the consensus estimate of $3.68 billion. CSX had a return on equity of 29.11% and a net margin of 24.52%. The business’s revenue for the quarter was up 1.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.42 earnings per share. As a group, analysts forecast that CSX will post 1.93 EPS for the current fiscal year.

Hedge Funds Weigh In On CSX

Institutional investors have recently made changes to their positions in the business. Interval Partners LP increased its holdings in CSX by 849.0% during the second quarter. Interval Partners LP now owns 5,118,751 shares of the transportation company’s stock valued at $171,222,000 after buying an additional 4,579,344 shares during the last quarter. Manning & Napier Advisors LLC bought a new stake in shares of CSX during the 2nd quarter valued at $116,430,000. M&G Plc purchased a new stake in shares of CSX in the 1st quarter worth $126,089,000. Wulff Hansen & CO. increased its stake in shares of CSX by 3,243.0% in the 2nd quarter. Wulff Hansen & CO. now owns 2,192,246 shares of the transportation company’s stock worth $73,331,000 after purchasing an additional 2,126,668 shares in the last quarter. Finally, Bank of Montreal Can raised its holdings in CSX by 38.7% in the 2nd quarter. Bank of Montreal Can now owns 6,749,827 shares of the transportation company’s stock worth $225,917,000 after purchasing an additional 1,884,998 shares during the period. Institutional investors own 73.57% of the company’s stock.

CSX Company Profile

CSX Corporation, together with its subsidiaries, provides rail-based freight transportation services. The company offers rail services; and transportation of intermodal containers and trailers, as well as other transportation services, such as rail-to-truck transfers and bulk commodity operations. It also transports chemicals, agricultural and food products, minerals, automotive, forest products, fertilizers, and metals and equipment; and coal, coke, and iron ore to electricity-generating power plants, steel manufacturers, and industrial plants, as well as exports coal to deep-water port facilities.