CSX (NASDAQ:CSX) PT Lowered to $36.00 at Royal Bank of Canada

CSX (NASDAQ:CSX) had its price target lowered by investment analysts at Royal Bank of Canada from $37.00 to $36.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The brokerage currently has a “sector perform” rating on the transportation company’s stock. Royal Bank of Canada’s target price suggests a potential upside of 3.66% from the stock’s current price.

Other equities research analysts have also issued reports about the company. StockNews.com lowered CSX from a “buy” rating to a “hold” rating in a research report on Wednesday, January 31st. Jefferies Financial Group dropped their target price on CSX from $40.00 to $38.00 and set a “hold” rating on the stock in a research note on Thursday. Bank of America dropped their target price on CSX from $40.00 to $39.00 and set a “buy” rating on the stock in a research note on Thursday. Stifel Nicolaus boosted their target price on CSX from $37.00 to $39.00 and gave the stock a “buy” rating in a research note on Friday, April 12th. Finally, Benchmark restated a “buy” rating and set a $40.00 target price on shares of CSX in a research note on Thursday. Five research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $37.33.

CSX Trading Up 1.7 %

Shares of CSX stock traded up $0.57 on Thursday, reaching $34.73. The company had a trading volume of 9,392,524 shares, compared to its average volume of 11,881,182. The firm has a market cap of $67.99 billion, a price-to-earnings ratio of 18.90, a P/E/G ratio of 2.01 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 50-day moving average price is $36.98 and its two-hundred day moving average price is $34.32. CSX has a 1 year low of $29.03 and a 1 year high of $40.12.

CSX (NASDAQ:CSX) last announced its earnings results on Wednesday, April 17th. The transportation company reported $0.46 EPS for the quarter, topping analysts’ consensus estimates of $0.45 by $0.01. The firm had revenue of $3.68 billion during the quarter, compared to analysts’ expectations of $3.66 billion. CSX had a return on equity of 30.52% and a net margin of 25.35%. The company’s quarterly revenue was down .8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.48 EPS. As a group, research analysts predict that CSX will post 1.97 earnings per share for the current fiscal year.

Institutional Trading of CSX

Hedge funds have recently modified their holdings of the stock. West Tower Group LLC acquired a new stake in shares of CSX in the fourth quarter valued at $26,000. Fortitude Family Office LLC acquired a new stake in CSX in the fourth quarter valued at $27,000. Life Planning Partners Inc acquired a new stake in CSX in the fourth quarter valued at $27,000. Financial Synergies Wealth Advisors Inc. acquired a new stake in CSX in the first quarter valued at $29,000. Finally, Fortis Capital Advisors LLC acquired a new stake in CSX in the fourth quarter valued at $27,000. 73.57% of the stock is currently owned by institutional investors and hedge funds.

About CSX

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.