CSX (NASDAQ:CSX) Price Target Raised to $41.00

CSX (NASDAQ:CSX) had its price target upped by stock analysts at Stephens from $39.00 to $41.00 in a research report issued to clients and investors on Monday,MarketScreener reports. The brokerage presently has an “overweight” rating on the transportation company’s stock. Stephens’ target price suggests a potential upside of 13.77% from the company’s current price.

A number of other equities research analysts have also recently weighed in on CSX. Baird R W upgraded CSX to a “strong-buy” rating in a research note on Tuesday, July 1st. Barclays raised their price target on shares of CSX from $36.00 to $38.00 and gave the company an “overweight” rating in a report on Thursday, July 24th. Citigroup boosted their price objective on shares of CSX from $36.00 to $38.00 and gave the stock a “buy” rating in a research note on Wednesday, July 9th. Sanford C. Bernstein raised their target price on shares of CSX from $36.00 to $37.00 and gave the company a “market perform” rating in a research note on Tuesday, September 30th. Finally, TD Cowen raised CSX from a “hold” rating to a “buy” rating and upped their price target for the stock from $32.00 to $45.00 in a research report on Monday, July 21st. One analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $38.09.

CSX Price Performance

CSX opened at $36.04 on Monday. The company has a market capitalization of $67.19 billion, a price-to-earnings ratio of 22.23, a PEG ratio of 2.79 and a beta of 1.29. The company has a current ratio of 0.77, a quick ratio of 0.63 and a debt-to-equity ratio of 1.50. CSX has a 12-month low of $26.22 and a 12-month high of $37.25. The business’s fifty day simple moving average is $34.23 and its 200-day simple moving average is $32.01.

CSX (NASDAQ:CSX) last released its quarterly earnings data on Wednesday, July 23rd. The transportation company reported $0.44 earnings per share for the quarter, topping analysts’ consensus estimates of $0.42 by $0.02. The company had revenue of $3.57 billion during the quarter, compared to analyst estimates of $3.57 billion. CSX had a net margin of 21.92% and a return on equity of 25.48%. The firm’s revenue for the quarter was down 3.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.49 earnings per share. On average, equities research analysts anticipate that CSX will post 1.83 earnings per share for the current fiscal year.

Institutional Trading of CSX

A number of hedge funds and other institutional investors have recently made changes to their positions in CSX. Brighton Jones LLC lifted its holdings in shares of CSX by 5.5% in the 4th quarter. Brighton Jones LLC now owns 16,254 shares of the transportation company’s stock valued at $525,000 after buying an additional 849 shares during the period. NBC Securities Inc. lifted its holdings in CSX by 94,100.0% in the first quarter. NBC Securities Inc. now owns 6,594 shares of the transportation company’s stock valued at $194,000 after acquiring an additional 6,587 shares during the period. Hennion & Walsh Asset Management Inc. purchased a new position in shares of CSX during the 1st quarter valued at approximately $555,000. Clean Yield Group lifted its stake in shares of CSX by 54.5% in the 1st quarter. Clean Yield Group now owns 1,590 shares of the transportation company’s stock valued at $47,000 after purchasing an additional 561 shares during the period. Finally, Wedmont Private Capital boosted its holdings in CSX by 4.6% during the first quarter. Wedmont Private Capital now owns 16,220 shares of the transportation company’s stock worth $454,000 after buying an additional 711 shares in the last quarter. Institutional investors and hedge funds own 73.57% of the company’s stock.

CSX Company Profile

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.