Rothschild & Co Redburn Boosts CSX (NASDAQ:CSX) Price Target to $45.50

CSX (NASDAQ:CSX) had its target price raised by investment analysts at Rothschild & Co Redburn from $42.50 to $45.50 in a report released on Wednesday,MarketScreener reports. The brokerage presently has a “buy” rating on the transportation company’s stock. Rothschild & Co Redburn’s price target would suggest a potential upside of 9.70% from the company’s previous close.

A number of other brokerages have also weighed in on CSX. Jefferies Financial Group lifted their price objective on CSX from $42.00 to $50.00 and gave the company a “buy” rating in a report on Tuesday, March 3rd. Royal Bank Of Canada raised their price target on CSX from $39.00 to $43.00 and gave the company an “outperform” rating in a report on Thursday, March 26th. JPMorgan Chase & Co. decreased their price target on CSX from $43.00 to $41.00 and set an “overweight” rating on the stock in a research note on Friday, January 23rd. Susquehanna reaffirmed a “neutral” rating and set a $39.00 price objective on shares of CSX in a report on Friday, January 23rd. Finally, Raymond James Financial increased their price objective on CSX from $40.00 to $41.00 and gave the stock an “outperform” rating in a research report on Friday, January 23rd. Eighteen research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat, CSX has an average rating of “Moderate Buy” and a consensus price target of $40.85.

CSX Trading Up 1.0%

NASDAQ:CSX opened at $41.48 on Wednesday. The company has a current ratio of 0.81, a quick ratio of 0.69 and a debt-to-equity ratio of 1.38. The firm has a market cap of $77.13 billion, a P/E ratio of 26.87, a PEG ratio of 2.04 and a beta of 1.27. The stock’s 50 day simple moving average is $40.05 and its 200-day simple moving average is $37.12. CSX has a 12-month low of $26.22 and a 12-month high of $43.35.

CSX (NASDAQ:CSX) last released 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). The firm had revenue of $3.51 billion during the quarter, compared to analyst estimates of $3.59 billion. CSX had a return on equity of 23.88% and a net margin of 20.50%.The firm’s revenue was down .9% on a year-over-year basis. During the same quarter last year, the business posted $0.42 EPS. Equities analysts anticipate that CSX will post 1.83 EPS for the current year.

Insider Buying and Selling at CSX

In other news, CAO Diana B. Sorfleet sold 90,000 shares of the firm’s stock in a transaction on Thursday, February 19th. The stock was sold at an average price of $41.56, for a total value of $3,740,400.00. Following the completion of the transaction, the chief accounting officer owned 165,613 shares in the company, valued at $6,882,876.28. This trade represents a 35.21% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Stephen F. Angel purchased 25,000 shares of the business’s stock in a transaction dated Friday, March 6th. The shares were purchased at an average cost of $40.27 per share, with a total value of $1,006,750.00. Following the purchase, the chief executive officer directly owned 146,540 shares in the company, valued at approximately $5,901,165.80. The trade was a 20.57% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last 90 days, insiders have sold 188,123 shares of company stock valued at $7,454,854. Insiders own 0.35% of the company’s stock.

Hedge Funds Weigh In On CSX

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Syon Capital LLC lifted its holdings in shares of CSX by 1.0% in the fourth quarter. Syon Capital LLC now owns 28,316 shares of the transportation company’s stock valued at $1,026,000 after purchasing an additional 287 shares in the last quarter. Root Financial Partners LLC increased its stake in shares of CSX by 7.3% during the 4th quarter. Root Financial Partners LLC now owns 4,757 shares of the transportation company’s stock worth $172,000 after purchasing an additional 323 shares in the last quarter. Kingswood Wealth Advisors LLC lifted its stake in CSX by 4.1% in the 3rd quarter. Kingswood Wealth Advisors LLC now owns 8,324 shares of the transportation company’s stock valued at $296,000 after buying an additional 331 shares in the last quarter. Moloney Securities Asset Management LLC grew its holdings in CSX by 2.7% during the 3rd quarter. Moloney Securities Asset Management LLC now owns 13,048 shares of the transportation company’s stock valued at $463,000 after buying an additional 339 shares during the last quarter. Finally, Walled Lake Planning & Wealth Management LLC grew its holdings in CSX by 2.7% during the 4th quarter. Walled Lake Planning & Wealth Management LLC now owns 13,235 shares of the transportation company’s stock valued at $480,000 after buying an additional 346 shares during the last quarter. Institutional investors and hedge funds own 73.57% of the company’s stock.

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.