CSX (NASDAQ:CSX) Earns Neutral Rating from The Goldman Sachs Group

CSX (NASDAQ:CSX - Get Free Report)'s stock had its "neutral" rating restated by analysts at The Goldman Sachs Group in a report released on Monday, MarketBeat Ratings reports. They currently have a $35.00 target price on the transportation company's stock. The Goldman Sachs Group's price target suggests a potential upside of 9.61% from the stock's previous close.

Other equities analysts have also issued research reports about the stock. Wells Fargo & Company decreased their price objective on shares of CSX from $31.00 to $28.00 and set an "equal weight" rating for the company in a research note on Thursday, April 17th. Royal Bank of Canada reduced their target price on CSX from $31.00 to $30.00 and set a "sector perform" rating for the company in a report on Thursday, April 17th. UBS Group lowered their price target on CSX from $36.00 to $34.00 and set a "buy" rating on the stock in a report on Thursday, April 17th. Stifel Nicolaus dropped their price target on CSX from $37.00 to $34.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Finally, Deutsche Bank Aktiengesellschaft began coverage on CSX in a research report on Friday, March 7th. They set a "hold" rating and a $34.00 price objective for the company. Eight analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat.com, CSX currently has a consensus rating of "Moderate Buy" and a consensus price target of $33.95.

CSX Trading Up 0.2%

Shares of NASDAQ:CSX traded up $0.07 during midday trading on Monday, reaching $31.93. The company had a trading volume of 13,669,369 shares, compared to its average volume of 13,062,551. The company has a fifty day simple moving average of $29.12 and a two-hundred day simple moving average of $31.43. The firm has a market cap of $59.98 billion, a price-to-earnings ratio of 17.84, a price-to-earnings-growth ratio of 1.92 and a beta of 1.22. CSX has a 1-year low of $26.22 and a 1-year high of $37.10. The company has a debt-to-equity ratio of 1.43, a quick ratio of 1.23 and a current ratio of 0.86.

CSX (NASDAQ:CSX - Get Free Report) last posted its quarterly earnings data on Wednesday, April 16th. The transportation company reported $0.34 EPS for the quarter, missing analysts' consensus estimates of $0.39 by ($0.05). The firm had revenue of $3.42 billion for the quarter, compared to analysts' expectations of $3.53 billion. CSX had a net margin of 23.95% and a return on equity of 28.15%. Research analysts predict that CSX will post 1.83 earnings per share for the current year.

Hedge Funds Weigh In On CSX

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Wellington Management Group LLP boosted its holdings in shares of 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 during the period. Waycross Partners LLC lifted its position in CSX by 7.0% during the 4th quarter. Waycross Partners LLC now owns 619,471 shares of the transportation company's stock worth $19,990,000 after acquiring an additional 40,611 shares during the last quarter. Glassy Mountain Advisors Inc. lifted its position in CSX by 2.4% during the 4th quarter. Glassy Mountain Advisors Inc. now owns 112,770 shares of the transportation company's stock worth $3,639,000 after acquiring an additional 2,641 shares during the last quarter. Cercano Management LLC bought a new stake in CSX during the fourth quarter valued at about $4,869,000. Finally, Geode Capital Management LLC grew its position in shares of CSX by 1.8% in the fourth quarter. Geode Capital Management LLC now owns 41,633,333 shares of the transportation company's stock valued at $1,339,555,000 after purchasing an additional 726,507 shares during the last quarter. 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.