CSX (NASDAQ:CSX) Price Target Raised to $42.00

CSX (NASDAQ:CSX) had its price objective lifted by Susquehanna from $41.00 to $42.00 in a research report issued on Wednesday, Benzinga reports. The firm presently has a “positive” rating on the transportation company’s stock. Susquehanna’s price objective would indicate a potential upside of 21.67% from the company’s previous close.

A number of other analysts also recently issued reports on CSX. Royal Bank of Canada restated a “sector perform” rating and set a $36.00 price objective on shares of CSX in a report on Tuesday, August 6th. Wells Fargo & Company assumed coverage on shares of CSX in a report on Friday, June 7th. They set an “equal weight” rating and a $35.00 price objective for the company. Bank of America downgraded shares of CSX from a “buy” rating to a “neutral” rating and set a $37.00 price objective for the company. in a report on Monday, July 8th. JPMorgan Chase & Co. lifted their target price on shares of CSX from $39.00 to $42.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 6th. Finally, BMO Capital Markets reiterated an “outperform” rating and issued a $40.00 target price on shares of CSX in a research note on Tuesday, August 6th. Seven investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, CSX presently has an average rating of “Moderate Buy” and an average price target of $39.00.

CSX Stock Down 0.0 %

CSX stock opened at $34.52 on Wednesday. CSX has a 1-year low of $29.03 and a 1-year high of $40.12. The firm has a market capitalization of $67.48 billion, a price-to-earnings ratio of 18.97, a price-to-earnings-growth ratio of 1.91 and a beta of 1.19. The firm’s fifty day moving average price is $33.94 and its two-hundred day moving average price is $34.17. The company has a current ratio of 1.16, a quick ratio of 1.01 and a debt-to-equity ratio of 1.42.

CSX (NASDAQ:CSX) last released its quarterly earnings data on Monday, August 5th. The transportation company reported $0.49 earnings per share for the quarter, beating analysts’ consensus estimates of $0.48 by $0.01. CSX had a net margin of 24.52% and a return on equity of 29.11%. The firm had revenue of $3.70 billion for the quarter, compared to analyst estimates of $3.70 billion. During the same period last year, the firm earned $0.49 earnings per share. The business’s quarterly revenue was up .0% compared to the same quarter last year. On average, equities research analysts predict that CSX will post 1.93 earnings per share for the current fiscal year.

Institutional Investors Weigh In On CSX

Hedge funds have recently bought and sold shares of the stock. Itau Unibanco Holding S.A. bought a new stake in CSX during the second quarter valued at approximately $26,000. Financial Synergies Wealth Advisors Inc. bought a new stake in CSX during the first quarter valued at approximately $29,000. MFA Wealth Advisors LLC bought a new stake in shares of CSX in the 2nd quarter worth approximately $27,000. Fairscale Capital LLC bought a new stake in shares of CSX in the 2nd quarter worth approximately $32,000. Finally, Valued Wealth Advisors LLC lifted its holdings in shares of CSX by 172.7% in the 1st quarter. Valued Wealth Advisors LLC now owns 938 shares of the transportation company’s stock worth $35,000 after acquiring an additional 594 shares during the last quarter. 73.57% of the stock is currently owned by institutional investors.

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.