CSX (NASDAQ:CSX) Earns “Buy” Rating from Benchmark

CSX (NASDAQ:CSXGet Free Report)‘s stock had its “buy” rating restated by investment analysts at Benchmark in a report issued on Monday,Benzinga reports. They presently have a $38.00 target price on the transportation company’s stock. Benchmark’s price target would indicate a potential upside of 16.28% from the stock’s current price.

A number of other research firms also recently commented on CSX. Raymond James restated an “outperform” rating and set a $37.00 price target (down from $38.00) on shares of CSX in a research report on Friday, January 24th. Stephens reiterated an “overweight” rating and issued a $38.00 target price on shares of CSX in a report on Friday, January 24th. Susquehanna reduced their target price on shares of CSX from $40.00 to $39.00 and set a “positive” rating for the company in a report on Wednesday, January 8th. Evercore ISI cut their price objective on CSX from $38.00 to $37.00 and set an “outperform” rating for the company in a research report on Thursday, October 17th. Finally, Stifel Nicolaus decreased their target price on CSX from $39.00 to $37.00 and set a “buy” rating on the stock in a report on Thursday, October 17th. Six research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $37.58.

Get Our Latest Report on CSX

CSX Price Performance

Shares of NASDAQ:CSX opened at $32.68 on Monday. The company has a current ratio of 1.39, a quick ratio of 1.23 and a debt-to-equity ratio of 1.43. The firm’s 50 day moving average is $33.51 and its two-hundred day moving average is $33.96. The firm has a market capitalization of $63.02 billion, a P/E ratio of 17.57, a PEG ratio of 2.06 and a beta of 1.22. CSX has a 52 week low of $31.43 and a 52 week high of $40.12.

CSX (NASDAQ:CSXGet Free Report) last released its quarterly earnings results on Thursday, January 23rd. The transportation company reported $0.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.02). CSX had a return on equity of 28.92% and a net margin of 24.77%. Analysts anticipate that CSX will post 1.83 earnings per share for the current year.

Institutional Trading of CSX

Hedge funds and other institutional investors have recently modified their holdings of the company. Avior Wealth Management LLC increased its position in CSX by 2.5% in the 3rd quarter. Avior Wealth Management LLC now owns 11,790 shares of the transportation company’s stock worth $407,000 after purchasing an additional 293 shares during the last quarter. Lake Street Advisors Group LLC increased its position in CSX by 1.8% during the third quarter. Lake Street Advisors Group LLC now owns 17,246 shares of the transportation company’s stock worth $595,000 after buying an additional 306 shares during the last quarter. Rehmann Capital Advisory Group increased its holdings in shares of CSX by 1.3% during the 3rd quarter. Rehmann Capital Advisory Group now owns 23,990 shares of the transportation company’s stock valued at $830,000 after acquiring an additional 306 shares during the last quarter. J.W. Cole Advisors Inc. raised its stake in shares of CSX by 0.9% in the 3rd quarter. J.W. Cole Advisors Inc. now owns 35,401 shares of the transportation company’s stock valued at $1,222,000 after acquiring an additional 309 shares in the last quarter. Finally, Associated Banc Corp boosted its position in CSX by 0.6% during the third quarter. Associated Banc Corp now owns 55,534 shares of the transportation company’s stock worth $1,918,000 after purchasing an additional 310 shares during the period. 73.57% of the stock is currently owned by hedge funds and other institutional investors.

CSX Company Profile

(Get Free Report)

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.

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Analyst Recommendations for CSX (NASDAQ:CSX)

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