Barclays Cuts CSX (NASDAQ:CSX) Price Target to $35.00

CSX (NASDAQ:CSX) had its target price dropped by research analysts at Barclays from $38.00 to $35.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage currently has an “overweight” rating on the transportation company’s stock. Barclays‘s target price would suggest a potential upside of 18.70% from the stock’s current price.

Several other research firms have also commented on CSX. BMO Capital Markets dropped their target price on CSX from $40.00 to $38.00 and set an “outperform” rating for the company in a research note on Friday, January 24th. Loop Capital lowered CSX from a “buy” rating to a “hold” rating and cut their target price for the stock from $40.00 to $34.00 in a research report on Monday, February 3rd. Raymond James reissued an “outperform” rating and set a $37.00 price target (down previously from $38.00) on shares of CSX in a research report on Friday, January 24th. JPMorgan Chase & Co. cut their price objective on CSX from $38.00 to $37.00 and set an “overweight” rating on the stock in a report on Friday, January 24th. Finally, Citigroup decreased their target price on CSX from $40.00 to $39.00 and set a “buy” rating for the company in a report on Friday, January 24th. Seven investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat.com, CSX presently has a consensus rating of “Moderate Buy” and a consensus target price of $36.60.

CSX Stock Down 0.2 %

Shares of NASDAQ CSX opened at $29.49 on Wednesday. The company has a debt-to-equity ratio of 1.43, a current ratio of 0.86 and a quick ratio of 1.23. The firm’s 50-day moving average is $31.61 and its two-hundred day moving average is $33.14. CSX has a 12-month low of $28.98 and a 12-month high of $37.10. The company has a market capitalization of $55.57 billion, a PE ratio of 16.47, a price-to-earnings-growth ratio of 1.92 and a beta of 1.25.

CSX (NASDAQ:CSX) last announced its quarterly earnings data 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%. Equities analysts anticipate that CSX will post 1.83 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Norges Bank acquired a new position in CSX in the fourth quarter valued at approximately $780,194,000. Ameriprise Financial Inc. boosted its position in CSX by 89.7% during the 4th quarter. Ameriprise Financial Inc. now owns 20,856,567 shares of the transportation company’s stock valued at $673,025,000 after purchasing an additional 9,863,587 shares during the period. Bank of New York Mellon Corp lifted its holdings in CSX by 40.5% in the fourth quarter. Bank of New York Mellon Corp now owns 23,350,087 shares of the transportation company’s stock worth $753,507,000 after purchasing an additional 6,730,316 shares during the period. Mitsubishi UFJ Trust & Banking Corp grew its position in CSX by 471.9% in the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 6,748,661 shares of the transportation company’s stock valued at $217,808,000 after buying an additional 5,568,624 shares in the last quarter. Finally, Fiduciary Management Inc. WI acquired a new stake in shares of CSX in the 4th quarter worth approximately $178,259,000. 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.