CSX (NASDAQ:CSX) Price Target Raised to $42.00

CSX (NASDAQ:CSX) had its price target raised by Argus from $40.00 to $42.00 in a research note released on Tuesday morning,MarketScreener reports. They currently have a buy rating on the transportation company’s stock.

A number of other equities analysts have also issued reports on the company. Susquehanna reissued a “neutral” rating and issued a $39.00 price objective on shares of CSX in a report on Friday, January 23rd. Deutsche Bank Aktiengesellschaft boosted their price target on CSX from $40.00 to $43.00 and gave the stock a “buy” rating in a research report on Thursday, December 11th. Royal Bank Of Canada reissued an “outperform” rating and set a $40.00 price target on shares of CSX in a report on Thursday, December 18th. Citigroup cut their price objective on shares of CSX from $42.00 to $41.00 and set a “buy” rating on the stock in a research note on Friday, January 23rd. Finally, Wall Street Zen upgraded shares of CSX from a “sell” rating to a “hold” rating in a research report on Saturday, October 18th. Eighteen research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $39.42.

CSX Stock Up 1.3%

CSX stock opened at $37.87 on Tuesday. The stock has a market cap of $70.52 billion, a PE ratio of 24.59, a price-to-earnings-growth ratio of 1.90 and a beta of 1.30. The firm’s 50-day simple moving average is $36.19 and its 200 day simple moving average is $35.23. CSX has a fifty-two week low of $26.22 and a fifty-two week high of $38.11. The company has a quick ratio of 0.71, a current ratio of 0.81 and a debt-to-equity ratio of 1.38.

CSX (NASDAQ:CSX) last posted its earnings results on Thursday, January 22nd. The transportation company reported $0.39 EPS for the quarter, missing the consensus estimate of $0.41 by ($0.02). CSX had a return on equity of 23.88% and a net margin of 20.50%.The firm had revenue of $3.51 billion during the quarter, compared to the consensus estimate of $3.59 billion. During the same quarter last year, the company posted $0.42 EPS. CSX’s revenue for the quarter was down .9% on a year-over-year basis. As a group, sell-side analysts predict that CSX will post 1.83 EPS for the current year.

Insiders Place Their Bets

In other news, CAO Diana B. Sorfleet sold 66,667 shares of the firm’s stock in a transaction dated Wednesday, January 28th. The shares were sold at an average price of $37.48, for a total transaction of $2,498,679.16. Following the completion of the transaction, the chief accounting officer owned 170,777 shares in the company, valued at approximately $6,400,721.96. This trade represents a 28.08% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 0.55% of the company’s stock.

Institutional Trading of CSX

A number of large investors have recently added to or reduced their stakes in the business. Cbre Investment Management Listed Real Assets LLC increased its holdings in shares of CSX by 81.9% in the third quarter. Cbre Investment Management Listed Real Assets LLC now owns 944,946 shares of the transportation company’s stock valued at $33,555,000 after buying an additional 425,395 shares in the last quarter. Reaves W H & Co. Inc. acquired a new position in shares of CSX in the 3rd quarter worth $5,326,000. Allstate Corp acquired a new position in shares of CSX in the 3rd quarter worth $2,363,000. Strengthening Families & Communities LLC acquired a new stake in shares of CSX during the third quarter worth $2,199,000. Finally, Farther Finance Advisors LLC lifted its holdings in shares of CSX by 159.5% during the fourth quarter. Farther Finance Advisors LLC now owns 73,410 shares of the transportation company’s stock valued at $2,661,000 after purchasing an additional 45,116 shares during the last quarter. 73.57% of the stock is currently owned by institutional investors.

CSX Company Profile

CSX Corporation is a leading North American transportation company that provides rail-based freight services and supply-chain solutions. Its operating subsidiary, CSX Transportation, moves a wide range of goods for customers across multiple industries, using a combination of long-haul rail service, intermodal operations and terminal and yard services. The company focuses on delivering efficient, reliable freight transportation between major production centers, consumption markets and port gateways.

CSX’s freight portfolio includes intermodal containers and trailers, bulk commodities, industrial products and specialized unit trains.