CSX (NASDAQ:CSX) Price Target Raised to $46.00

CSX (NASDAQ:CSX) had its price objective increased by equities researchers at Wolfe Research from $44.00 to $46.00 in a report issued on Tuesday,MarketScreener reports. The brokerage presently has an “outperform” rating on the transportation company’s stock. Wolfe Research’s price objective indicates a potential upside of 11.65% from the stock’s current price.

A number of other research analysts also recently issued reports on CSX. Rothschild & Co Redburn upped their price target on CSX from $42.50 to $45.50 and gave the company a “buy” rating in a report on Wednesday, April 1st. Susquehanna reaffirmed a “neutral” rating and set a $39.00 price target on shares of CSX in a report on Friday, January 23rd. Evercore downgraded CSX from an “outperform” rating to an “in-line” rating and set a $41.00 price target on the stock. in a report on Thursday, March 19th. JPMorgan Chase & Co. upped their price target on CSX from $41.00 to $42.00 and gave the company an “overweight” rating in a report on Tuesday. Finally, Royal Bank Of Canada increased their target price on CSX from $39.00 to $43.00 and gave the company an “outperform” rating in a report on Thursday, March 26th. Seventeen research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. According to data from MarketBeat.com, CSX currently has an average rating of “Moderate Buy” and an average target price of $41.44.

CSX Trading Down 0.7%

CSX stock opened at $41.20 on Tuesday. 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 business’s fifty day simple moving average is $40.43 and its two-hundred day simple moving average is $37.36. CSX has a 12 month low of $26.29 and a 12 month high of $43.35. The company has a market capitalization of $76.66 billion, a price-to-earnings ratio of 26.76, a price-to-earnings-growth ratio of 2.29 and a beta of 1.25.

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 company had revenue of $3.51 billion during the quarter, compared to the consensus estimate of $3.59 billion. CSX had a return on equity of 23.88% and a net margin of 20.50%.The company’s revenue was down .9% compared to the same quarter last year. During the same period last year, the firm posted $0.42 earnings per share. As a group, equities analysts predict that CSX will post 1.83 earnings per share for the current fiscal year.

Insider Buying and Selling at CSX

In related news, CEO Stephen F. Angel purchased 25,000 shares of CSX stock in a transaction on Friday, March 6th. The stock was acquired at an average price of $40.27 per share, for a total transaction of $1,006,750.00. Following the completion of the transaction, the chief executive officer directly owned 146,540 shares in the company, valued at $5,901,165.80. This represents a 20.57% increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Diana B. Sorfleet sold 90,000 shares of the company’s stock in a transaction dated 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 sale, the chief accounting officer owned 165,613 shares of the company’s stock, valued at approximately $6,882,876.28. The trade was a 35.21% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 188,123 shares of company stock valued at $7,454,854. 0.55% of the stock is owned by company insiders.

Institutional Trading of CSX

Hedge funds and other institutional investors have recently bought and sold shares of the stock. FNY Investment Advisers LLC increased its position in CSX by 437.3% in the third quarter. FNY Investment Advisers LLC now owns 720 shares of the transportation company’s stock worth $25,000 after buying an additional 586 shares in the last quarter. WFA of San Diego LLC purchased a new stake in CSX in the second quarter worth about $28,000. Pinnacle Bancorp Inc. increased its position in CSX by 121.5% in the third quarter. Pinnacle Bancorp Inc. now owns 1,329 shares of the transportation company’s stock worth $47,000 after buying an additional 729 shares in the last quarter. CrossGen Wealth LLC purchased a new stake in CSX in the fourth quarter worth about $54,000. Finally, Aventura Private Wealth LLC purchased a new stake in CSX in the fourth quarter worth about $63,000. Hedge funds and other institutional investors 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.