Rothschild & Co Redburn Issues Positive Forecast for CSX (NASDAQ:CSX) Stock Price

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

A number of other brokerages also recently commented on CSX. Susquehanna reaffirmed a “neutral” rating and set a $39.00 target price on shares of CSX in a research note on Friday, January 23rd. Morgan Stanley set a $30.00 price target on shares of CSX and gave the stock an “equal weight” rating in a report on Monday, December 8th. Argus lifted their price target on shares of CSX from $40.00 to $42.00 and gave the company a “buy” rating in a research report on Tuesday, January 27th. Sanford C. Bernstein upped their price objective on CSX from $36.00 to $39.00 and gave the company a “market perform” rating in a report on Tuesday. Finally, Wolfe Research increased their price objective on CSX from $42.00 to $44.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 10th. Eighteen research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat.com, CSX currently has an average rating of “Moderate Buy” and an average price target of $40.85.

CSX Stock Up 1.0%

Shares of CSX opened at $41.48 on Wednesday. CSX has a 52-week low of $26.22 and a 52-week high of $43.35. The company has a quick ratio of 0.69, a current ratio of 0.81 and a debt-to-equity ratio of 1.38. The stock has a fifty day simple moving average of $40.05 and a two-hundred day simple moving average of $37.12. The company has a market capitalization of $77.13 billion, a PE ratio of 26.87, a price-to-earnings-growth ratio of 2.04 and a beta of 1.27.

CSX (NASDAQ:CSX) last posted its quarterly 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 company had revenue of $3.51 billion for the quarter, compared to analysts’ expectations of $3.59 billion. During the same quarter in the prior year, the firm earned $0.42 EPS. The firm’s revenue was down .9% on a year-over-year basis. As a group, equities analysts forecast that CSX will post 1.83 EPS for the current year.

Insider Activity

In other news, CEO Stephen F. Angel acquired 25,000 shares of the business’s stock in a transaction that occurred on Friday, March 6th. The shares were purchased at an average price of $40.27 per share, for a total transaction of $1,006,750.00. Following the acquisition, the chief executive officer owned 146,540 shares of the company’s stock, valued at $5,901,165.80. This represents a 20.57% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Diana B. Sorfleet sold 90,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 19th. The shares were sold at an average price of $41.56, for a total transaction of $3,740,400.00. Following the completion of the transaction, the chief accounting officer directly 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. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 188,123 shares of company stock valued at $7,454,854. 0.35% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On CSX

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

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.