Susquehanna Cuts CSX (NASDAQ:CSX) Price Target to $39.00

CSX (NASDAQ:CSX) had its target price lowered by Susquehanna from $40.00 to $39.00 in a research note issued to investors on Wednesday morning,Benzinga reports. The brokerage currently has a positive rating on the transportation company’s stock.

CSX has been the topic of a number of other research reports. Loop Capital lowered their target price on CSX from $43.00 to $42.00 and set a “buy” rating on the stock in a research report on Thursday, October 17th. Stifel Nicolaus dropped their price objective on CSX from $39.00 to $37.00 and set a “buy” rating on the stock in a research note on Thursday, October 17th. Citigroup raised their target price on shares of CSX from $42.00 to $44.00 and gave the company a “buy” rating in a research note on Tuesday, November 12th. Wells Fargo & Company dropped their price target on shares of CSX from $35.00 to $34.00 and set an “equal weight” rating on the stock in a research report on Thursday, October 17th. Finally, Evercore ISI decreased their price objective on shares of CSX from $38.00 to $37.00 and set an “outperform” rating for the company in a research report on Thursday, October 17th. Six equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $38.67.

CSX Stock Down 1.3 %

Shares of NASDAQ:CSX opened at $31.78 on Wednesday. The company has a 50 day moving average price of $34.09 and a two-hundred day moving average price of $33.98. The company has a market capitalization of $61.29 billion, a PE ratio of 17.09, a PEG ratio of 2.24 and a beta of 1.22. CSX has a 52 week low of $31.43 and a 52 week high of $40.12. The company has a debt-to-equity ratio of 1.43, a quick ratio of 1.23 and a current ratio of 1.39.

CSX (NASDAQ:CSX) last issued its quarterly earnings data on Wednesday, October 16th. The transportation company reported $0.46 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.48 by ($0.02). The business had revenue of $3.62 billion during the quarter, compared to analyst estimates of $3.68 billion. CSX had a net margin of 24.77% and a return on equity of 28.92%. CSX’s revenue for the quarter was up 1.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.42 earnings per share. Analysts forecast that CSX will post 1.84 earnings per share for the current year.

Institutional Trading of CSX

Several institutional investors and hedge funds have recently modified their holdings of CSX. Valley Wealth Managers Inc. increased its position in shares of CSX by 177.8% during the third quarter. Valley Wealth Managers Inc. now owns 750 shares of the transportation company’s stock worth $26,000 after acquiring an additional 480 shares during the period. Itau Unibanco Holding S.A. purchased a new stake in shares of CSX during the 2nd quarter valued at $26,000. Fairscale Capital LLC acquired a new stake in CSX in the second quarter worth about $32,000. Morton Brown Family Wealth LLC purchased a new stake in CSX during the 3rd quarter worth approximately $31,000. Finally, Addison Advisors LLC grew its holdings in shares of CSX by 348.5% during the third quarter. Addison Advisors LLC now owns 1,045 shares of the transportation company’s stock valued at $36,000 after buying an additional 812 shares during the last quarter. 73.57% of the stock is currently owned by institutional investors.

About CSX

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.