CSX Co. (NASDAQ:CSX) had its price objective cut by stock analysts at Royal Bank Of Canada from $65.00 to $64.00 in a research note issued to investors on Thursday. The firm currently has an “outperform” rating on the transportation company’s stock. Royal Bank Of Canada’s target price would indicate a potential upside of 27.46% from the stock’s current price.

Several other analysts have also recently issued reports on CSX. BidaskClub raised CSX from a “strong sell” rating to a “sell” rating in a research note on Thursday, August 10th. UBS AG reissued a “buy” rating and issued a $62.00 target price on shares of CSX in a research note on Monday, August 14th. BMO Capital Markets reissued a “buy” rating on shares of CSX in a research note on Wednesday, August 30th. Deutsche Bank AG reissued a “buy” rating on shares of CSX in a research note on Wednesday, August 2nd. Finally, Loop Capital reissued a “hold” rating and issued a $54.00 target price (up from $52.00) on shares of CSX in a research note on Saturday, July 22nd. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and twenty have issued a buy rating to the stock. CSX presently has an average rating of “Buy” and an average target price of $53.67.

CSX (NASDAQ:CSX) opened at 50.21 on Thursday. The firm has a market capitalization of $45.86 billion, a P/E ratio of 26.26 and a beta of 1.30. The stock has a 50 day moving average price of $49.91 and a 200-day moving average price of $50.52. CSX has a 52 week low of $27.89 and a 52 week high of $55.48. CSX also saw unusually large options trading on Tuesday. Traders purchased 13,300 call options on the stock. This is an increase of 387% compared to the average volume of 2,733 call options.

CSX (NASDAQ:CSX) last posted its earnings results on Tuesday, July 18th. The transportation company reported $0.64 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.59 by $0.05. The company had revenue of $2.93 billion for the quarter, compared to analysts’ expectations of $2.85 billion. CSX had a return on equity of 17.60% and a net margin of 17.39%. CSX’s quarterly revenue was up 8.5% on a year-over-year basis. During the same period last year, the firm earned $0.47 earnings per share. Analysts anticipate that CSX will post $2.30 EPS for the current fiscal year.

CSX declared that its Board of Directors has authorized a share repurchase program on Tuesday, July 18th that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the transportation company to repurchase up to 1% of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s leadership believes its shares are undervalued.

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In other news, Director Ridge Lp Mantle acquired 1,357,000 shares of the firm’s stock in a transaction that occurred on Friday, July 21st. The stock was bought at an average cost of $51.59 per share, for a total transaction of $70,007,630.00. Following the acquisition, the director now directly owns 106 shares in the company, valued at $5,468.54. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 4.79% of the stock is owned by insiders.

Large investors have recently bought and sold shares of the business. United Services Automobile Association grew its position in CSX by 20.9% in the 1st quarter. United Services Automobile Association now owns 573,690 shares of the transportation company’s stock worth $26,705,000 after purchasing an additional 99,118 shares during the period. ClariVest Asset Management LLC bought a new stake in CSX in the 1st quarter worth approximately $13,531,000. Stratos Wealth Partners LTD. grew its position in CSX by 10.6% in the 1st quarter. Stratos Wealth Partners LTD. now owns 13,720 shares of the transportation company’s stock worth $639,000 after purchasing an additional 1,316 shares during the period. Westwood Holdings Group Inc. grew its position in CSX by 0.7% in the 1st quarter. Westwood Holdings Group Inc. now owns 7,549 shares of the transportation company’s stock worth $351,000 after purchasing an additional 49 shares during the period. Finally, TIAA CREF Investment Management LLC grew its position in CSX by 31.1% in the 1st quarter. TIAA CREF Investment Management LLC now owns 4,861,202 shares of the transportation company’s stock worth $226,289,000 after purchasing an additional 1,152,841 shares during the period. 69.80% of the stock is owned by institutional investors and hedge funds.

About CSX

CSX Corporation is a transportation company. The Company provides rail-based freight transportation services, including traditional rail service and transport of intermodal containers and trailers, as well as other transportation services, such as rail-to-truck transfers and bulk commodity operations.

Analyst Recommendations for CSX (NASDAQ:CSX)

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