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CSX (NASDAQ:CSX) Given Hold (C+) Rating at Weiss Ratings

CSX logo with Transportation background

Key Points

  • CSX's stock has been given a "hold (C+)" rating by Weiss Ratings, which was reiterated in a recent research report.
  • Analysts have differing price targets for CSX, with ranges from $33.00 to $44.00, and an average target price of $38.26.
  • In its latest quarterly results, CSX reported a net margin of 21.92% and earnings per share of $0.44, beating consensus estimates.
  • MarketBeat previews top five stocks to own in November.

CSX (NASDAQ:CSX - Get Free Report)'s stock had its "hold (c+)" rating reiterated by equities research analysts at Weiss Ratings in a research report issued to clients and investors on Wednesday,Weiss Ratings reports.

A number of other equities analysts have also issued reports on the company. Evercore ISI decreased their price target on CSX from $39.00 to $37.00 and set an "outperform" rating for the company in a research note on Thursday, September 25th. Robert W. Baird decreased their price target on CSX from $44.00 to $39.00 and set an "outperform" rating for the company in a research note on Friday, September 26th. Wells Fargo & Company raised CSX from an "equal weight" rating to an "overweight" rating and increased their price target for the company from $37.00 to $40.00 in a research note on Thursday, September 25th. Raymond James Financial increased their price target on CSX from $33.00 to $37.00 and gave the company an "outperform" rating in a research note on Tuesday, July 15th. Finally, Sanford C. Bernstein increased their price target on CSX from $36.00 to $37.00 and gave the company a "market perform" rating in a research note on Tuesday, September 30th. One analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and six have given a Hold rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $38.26.

Check Out Our Latest Research Report on CSX

CSX Stock Performance

Shares of NASDAQ:CSX traded down $0.04 during trading hours on Wednesday, hitting $35.95. The stock had a trading volume of 13,221,388 shares, compared to its average volume of 16,322,472. The stock's fifty day simple moving average is $34.27 and its 200 day simple moving average is $32.11. CSX has a 1-year low of $26.22 and a 1-year high of $37.25. The firm has a market capitalization of $67.02 billion, a price-to-earnings ratio of 22.19, a PEG ratio of 2.80 and a beta of 1.29. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.63 and a current ratio of 0.77.

CSX (NASDAQ:CSX - Get Free Report) last announced its quarterly 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 21.92% and a return on equity of 25.48%. The company had revenue of $3.57 billion for the quarter, compared to analyst estimates of $3.57 billion. During the same quarter last year, the business earned $0.49 earnings per share. CSX's revenue was down 3.5% compared to the same quarter last year. Sell-side analysts anticipate that CSX will post 1.83 earnings per share for the current fiscal year.

Institutional Investors Weigh In On CSX

A number of institutional investors have recently modified their holdings of the stock. Bank of New York Mellon Corp boosted its stake in shares of CSX by 21.6% during the 1st quarter. Bank of New York Mellon Corp now owns 28,383,830 shares of the transportation company's stock valued at $835,336,000 after buying an additional 5,033,743 shares during the period. Ameriprise Financial Inc. boosted its stake in shares of CSX by 12.5% during the 1st quarter. Ameriprise Financial Inc. now owns 23,456,085 shares of the transportation company's stock valued at $690,359,000 after buying an additional 2,599,518 shares during the period. Northern Trust Corp boosted its stake in shares of CSX by 4.6% during the 1st quarter. Northern Trust Corp now owns 22,067,356 shares of the transportation company's stock valued at $649,442,000 after buying an additional 969,567 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of CSX by 11.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 18,742,431 shares of the transportation company's stock valued at $551,540,000 after buying an additional 1,856,322 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of CSX by 19.1% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 15,312,107 shares of the transportation company's stock valued at $450,635,000 after buying an additional 2,454,895 shares during the period. Institutional investors and hedge funds own 73.57% of the company's stock.

About CSX

(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)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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