CSX (NASDAQ:CSX) PT Raised to $44.00

CSX (NASDAQ:CSX) had its target price increased by stock analysts at Susquehanna from $42.00 to $44.00 in a report issued on Thursday, Benzinga reports. The firm currently has a “positive” rating on the transportation company’s stock. Susquehanna’s price target would suggest a potential upside of 19.37% from the company’s previous close.

Several other analysts also recently issued reports on CSX. Benchmark reaffirmed a “buy” rating and set a $38.00 price objective on shares of CSX in a report on Thursday, January 25th. StockNews.com downgraded shares of CSX from a “buy” rating to a “hold” rating in a report on Wednesday, January 31st. BMO Capital Markets increased their price target on shares of CSX from $37.00 to $38.00 and gave the company an “outperform” rating in a report on Thursday, January 25th. TD Cowen increased their price target on shares of CSX from $32.00 to $36.00 and gave the company a “market perform” rating in a report on Thursday, January 25th. Finally, Stifel Nicolaus reduced their price target on shares of CSX from $38.00 to $37.00 and set a “buy” rating for the company in a report on Thursday, January 25th. Four analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $36.88.

CSX Stock Up 0.1 %

CSX stock traded up $0.02 during trading hours on Thursday, hitting $36.86. The company had a trading volume of 1,597,029 shares, compared to its average volume of 11,546,940. The firm has a market capitalization of $72.16 billion, a P/E ratio of 20.01, a price-to-earnings-growth ratio of 2.09 and a beta of 1.18. The company has a debt-to-equity ratio of 1.48, a current ratio of 1.05 and a quick ratio of 0.91. The firm’s fifty day moving average is $36.84 and its 200-day moving average is $33.76. CSX has a fifty-two week low of $29.03 and a fifty-two week high of $40.12.

CSX (NASDAQ:CSX) last announced its quarterly earnings results on Tuesday, January 23rd. The transportation company reported $0.45 EPS for the quarter, topping the consensus estimate of $0.44 by $0.01. CSX had a net margin of 25.35% and a return on equity of 30.52%. The company had revenue of $3.68 billion for the quarter, compared to analyst estimates of $3.63 billion. During the same quarter in the prior year, the business posted $0.49 EPS. CSX’s quarterly revenue was down 1.3% on a year-over-year basis. On average, research analysts forecast that CSX will post 1.96 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. West Tower Group LLC acquired a new position in CSX during the fourth quarter worth $26,000. Fortitude Family Office LLC acquired a new position in CSX during the fourth quarter worth $27,000. Life Planning Partners Inc acquired a new position in CSX during the fourth quarter worth $27,000. Fortis Capital Advisors LLC acquired a new position in CSX during the fourth quarter worth $27,000. Finally, Venturi Wealth Management LLC increased its holdings in shares of CSX by 228.4% in the third quarter. Venturi Wealth Management LLC now owns 995 shares of the transportation company’s stock valued at $31,000 after purchasing an additional 692 shares during the last quarter. 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.