Brokerages Set CSX Co. (NASDAQ:CSX) Target Price at $38.78

Shares of CSX Co. (NASDAQ:CSX) have been assigned an average rating of “Moderate Buy” from the eighteen ratings firms that are currently covering the stock, Marketbeat Ratings reports. Six investment analysts have rated the stock with a hold rating and twelve have issued a buy rating on the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $38.78.

Several research analysts have issued reports on the company. BMO Capital Markets dropped their target price on CSX from $40.00 to $39.00 and set an “outperform” rating for the company in a research report on Thursday, October 17th. Stifel Nicolaus dropped their price objective on CSX from $39.00 to $37.00 and set a “buy” rating for the company in a report on Thursday, October 17th. Citigroup increased their target price on CSX from $42.00 to $44.00 and gave the stock a “buy” rating in a research note on Tuesday, November 12th. Susquehanna lowered their target price on shares of CSX from $42.00 to $40.00 and set a “positive” rating for the company in a research note on Thursday, October 17th. Finally, Evercore ISI reduced their price target on shares of CSX from $38.00 to $37.00 and set an “outperform” rating on the stock in a research note on Thursday, October 17th.

Institutional Trading of CSX

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Itau Unibanco Holding S.A. purchased a new stake in CSX in the second quarter valued at about $26,000. Valley Wealth Managers Inc. raised its position in shares of CSX by 177.8% in the 3rd quarter. Valley Wealth Managers Inc. now owns 750 shares of the transportation company’s stock valued at $26,000 after purchasing an additional 480 shares during the last quarter. Morton Brown Family Wealth LLC acquired a new stake in CSX in the 3rd quarter worth approximately $31,000. Fairscale Capital LLC purchased a new stake in CSX during the 2nd quarter worth approximately $32,000. Finally, Strategic Financial Concepts LLC purchased a new stake in CSX during the 2nd quarter worth approximately $33,000. Hedge funds and other institutional investors own 73.57% of the company’s stock.

CSX Trading Up 0.4 %

Shares of CSX opened at $32.27 on Thursday. The stock has a market capitalization of $62.23 billion, a PE ratio of 17.35, a P/E/G ratio of 2.24 and a beta of 1.20. The company’s fifty day moving average is $34.26 and its 200 day moving average is $34.03. The company has a debt-to-equity ratio of 1.43, a quick ratio of 1.23 and a current ratio of 1.39. CSX has a fifty-two week low of $31.43 and a fifty-two week high of $40.12.

CSX (NASDAQ:CSX) last posted its quarterly earnings data on Wednesday, October 16th. The transportation company reported $0.46 earnings per share (EPS) for the quarter, missing the consensus estimate 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 net margin of 24.77% and a return on equity of 28.92%. CSX’s revenue for the quarter was up 1.3% on a year-over-year basis. During the same period in the previous year, the business earned $0.42 earnings per share. Sell-side analysts expect that CSX will post 1.84 earnings per share for the current fiscal year.

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.