BMO Capital Markets Forecasts Strong Price Appreciation for CSX (NASDAQ:CSX) Stock

CSX (NASDAQ:CSX - Get Free Report) had its price target lifted by equities research analysts at BMO Capital Markets from $36.00 to $38.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm currently has an "outperform" rating on the transportation company's stock. BMO Capital Markets' target price would indicate a potential upside of 8.03% from the stock's previous close.

A number of other analysts also recently issued reports on CSX. Stifel Nicolaus decreased their price objective on shares of CSX from $37.00 to $34.00 and set a "buy" rating for the company in a report on Monday, April 14th. Evercore ISI lowered their target price on CSX from $35.00 to $33.00 and set an "outperform" rating for the company in a research report on Thursday, April 17th. TD Cowen upgraded CSX from a "hold" rating to a "buy" rating and lifted their target price for the company from $32.00 to $45.00 in a research note on Monday. Argus set a $32.00 price objective on CSX in a research report on Friday, April 25th. Finally, Raymond James Financial reissued an "outperform" rating and set a $37.00 target price (up previously from $33.00) on shares of CSX in a research note on Tuesday, July 15th. Six analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $36.73.

CSX Stock Up 0.6%

CSX stock traded up $0.21 during midday trading on Thursday, reaching $35.18. The company had a trading volume of 15,618,176 shares, compared to its average volume of 15,534,493. The company has a market capitalization of $66.08 billion, a P/E ratio of 21.04, a PEG ratio of 3.15 and a beta of 1.23. The company has a 50 day moving average of $32.52 and a two-hundred day moving average of $31.22. The company has a current ratio of 0.88, a quick ratio of 0.75 and a debt-to-equity ratio of 1.52. CSX has a 1 year low of $26.22 and a 1 year high of $37.10.

CSX (NASDAQ:CSX - Get Free Report) last issued its earnings results on Wednesday, July 23rd. The transportation company reported $0.44 EPS for the quarter, beating the consensus estimate of $0.42 by $0.02. CSX had a net margin of 22.66% and a return on equity of 26.42%. The firm had revenue of $3.57 billion during the quarter, compared to the consensus estimate of $3.57 billion. During the same quarter in the prior year, the firm earned $0.49 earnings per share. The business's quarterly revenue was down 3.5% on a year-over-year basis. On average, equities research analysts expect that CSX will post 1.83 earnings per share for the current fiscal year.

Institutional Trading of CSX

Institutional investors have recently bought and sold shares of the company. Wellington Management Group LLP lifted its holdings in CSX by 14.7% during the 4th quarter. Wellington Management Group LLP now owns 117,579 shares of the transportation company's stock worth $3,794,000 after buying an additional 15,029 shares in the last quarter. CWA Asset Management Group LLC raised its position in shares of CSX by 15.1% in the first quarter. CWA Asset Management Group LLC now owns 12,514 shares of the transportation company's stock valued at $368,000 after buying an additional 1,642 shares in the last quarter. Dynamic Advisor Solutions LLC raised its position in CSX by 9.8% during the first quarter. Dynamic Advisor Solutions LLC now owns 38,757 shares of the transportation company's stock valued at $1,141,000 after purchasing an additional 3,458 shares in the last quarter. Farther Finance Advisors LLC grew its stake in shares of CSX by 61.4% during the first quarter. Farther Finance Advisors LLC now owns 14,154 shares of the transportation company's stock worth $418,000 after buying an additional 5,382 shares during the last quarter. Finally, Cercano Management LLC bought a new stake in shares of CSX in the fourth quarter worth $4,869,000. Institutional investors and hedge funds own 73.57% of the company's stock.

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.

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