CSX (NASDAQ:CSX) Coverage Initiated at Robert W. Baird

Equities research analysts at Robert W. Baird began coverage on shares of CSX (NASDAQ:CSX - Get Free Report) in a report issued on Tuesday. The firm set an "outperform" rating and a $38.00 price target on the transportation company's stock. Robert W. Baird's target price would indicate a potential upside of 16.46% from the company's current price.

A number of other research firms also recently issued reports on CSX. Jefferies Financial Group decreased their target price on shares of CSX from $37.00 to $33.00 and set a "buy" rating for the company in a research report on Wednesday, April 9th. Argus set a $32.00 target price on CSX in a research note on Friday, April 25th. BMO Capital Markets reduced their price target on CSX from $36.00 to $35.00 and set an "outperform" rating for the company in a research report on Thursday, April 17th. Raymond James Financial restated an "outperform" rating and issued a $33.00 price objective (down previously from $34.00) on shares of CSX in a research report on Thursday, April 17th. Finally, Benchmark reaffirmed a "buy" rating and set a $35.00 target price on shares of CSX in a report on Thursday, April 17th. Nine research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $34.14.

CSX Trading Down 0.9%

CSX stock opened at $32.63 on Tuesday. The stock has a 50-day moving average price of $30.75 and a 200 day moving average price of $31.02. The company has a market capitalization of $61.30 billion, a price-to-earnings ratio of 19.54, a price-to-earnings-growth ratio of 2.88 and a beta of 1.24. CSX has a 52 week low of $26.22 and a 52 week high of $37.10. The company has a quick ratio of 0.75, a current ratio of 0.88 and a debt-to-equity ratio of 1.52.

CSX (NASDAQ:CSX - Get Free Report) last announced its quarterly earnings data on Wednesday, April 16th. The transportation company reported $0.34 EPS for the quarter, missing the consensus estimate of $0.39 by ($0.05). The business had revenue of $3.42 billion for the quarter, compared to analyst estimates of $3.53 billion. CSX had a net margin of 22.66% and a return on equity of 26.42%. Sell-side analysts anticipate that CSX will post 1.83 EPS for the current year.

Institutional Investors Weigh In On CSX

Several large investors have recently bought and sold shares of the company. Wellington Management Group LLP boosted its stake in shares of CSX by 14.7% in the fourth quarter. Wellington Management Group LLP now owns 117,579 shares of the transportation company's stock worth $3,794,000 after acquiring an additional 15,029 shares during the last quarter. CWA Asset Management Group LLC lifted its holdings in CSX by 15.1% in the 1st quarter. CWA Asset Management Group LLC now owns 12,514 shares of the transportation company's stock valued at $368,000 after purchasing an additional 1,642 shares in the last quarter. Dynamic Advisor Solutions LLC boosted its stake in CSX by 9.8% during the 1st quarter. Dynamic Advisor Solutions LLC now owns 38,757 shares of the transportation company's stock worth $1,141,000 after purchasing an additional 3,458 shares during the last quarter. Farther Finance Advisors LLC grew its holdings 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 in the last quarter. Finally, Cercano Management LLC acquired a new stake in shares of CSX in the fourth quarter valued at about $4,869,000. 73.57% of the stock is currently owned by hedge funds and other 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.

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