Loop Capital Downgrades CSX (NASDAQ:CSX) to Hold

Loop Capital lowered shares of CSX (NASDAQ:CSX) from a buy rating to a hold rating in a report published on Monday, Marketbeat.com reports. The firm currently has $34.00 price target on the transportation company’s stock, down from their previous price target of $40.00.

A number of other equities analysts have also weighed in on CSX. Barclays cut their target price on shares of CSX from $40.00 to $38.00 and set an “overweight” rating for the company in a research report on Friday, January 24th. BMO Capital Markets reduced their price objective on shares of CSX from $40.00 to $38.00 and set an “outperform” rating for the company in a research note on Friday, January 24th. Stifel Nicolaus lowered their target price on shares of CSX from $39.00 to $37.00 and set a “buy” rating on the stock in a report on Thursday, October 17th. Stephens reaffirmed an “overweight” rating and issued a $38.00 price target on shares of CSX in a report on Friday, January 24th. Finally, JPMorgan Chase & Co. decreased their price objective on CSX from $38.00 to $37.00 and set an “overweight” rating on the stock in a research note on Friday, January 24th. Six equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $37.16.

CSX Stock Up 0.0 %

CSX opened at $32.88 on Monday. The company’s 50-day moving average price is $33.17 and its two-hundred day moving average price is $33.87. The company has a quick ratio of 1.23, a current ratio of 0.86 and a debt-to-equity ratio of 1.43. CSX has a twelve month low of $31.43 and a twelve month high of $40.12. The stock has a market cap of $63.41 billion, a price-to-earnings ratio of 18.37, a PEG ratio of 1.90 and a beta of 1.23.

CSX (NASDAQ:CSX) last issued its earnings results on Thursday, January 23rd. The transportation company reported $0.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.02). CSX had a net margin of 23.95% and a return on equity of 28.15%. As a group, equities analysts expect that CSX will post 1.88 earnings per share for the current year.

Hedge Funds Weigh In On CSX

Institutional investors have recently modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. lifted its stake in CSX by 20.8% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 467,399 shares of the transportation company’s stock worth $16,139,000 after purchasing an additional 80,423 shares during the last quarter. Diversified Trust Co lifted its stake in shares of CSX by 180.7% in the 4th quarter. Diversified Trust Co now owns 72,197 shares of the transportation company’s stock valued at $2,330,000 after acquiring an additional 46,473 shares during the last quarter. Marshall Financial Group LLC purchased a new stake in CSX during the 4th quarter valued at about $1,084,000. Thrivent Financial for Lutherans grew its position in CSX by 0.7% during the 3rd quarter. Thrivent Financial for Lutherans now owns 3,374,499 shares of the transportation company’s stock worth $116,521,000 after acquiring an additional 24,430 shares during the last quarter. Finally, Carnegie Investment Counsel increased its stake in CSX by 1.4% in the 4th quarter. Carnegie Investment Counsel now owns 612,051 shares of the transportation company’s stock worth $19,751,000 after purchasing an additional 8,474 shares during the period. 73.57% of the stock is currently owned by institutional investors.

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.