CSX (NASDAQ:CSX) Given New $34.00 Price Target at Susquehanna

Key Points

• Susquehanna has lowered its price target for CSX from $35.00 to $34.00, maintaining a "neutral" rating, which suggests a modest upside potential of 0.53% from the current price.
• Other analysts, including Benchmark and Citigroup, have recently increased their price targets, with prices ranging from $38.00 to $44.00 and most analysts maintaining a consensus rating of "Moderate Buy".
• CSX's earnings report indicated a 3.5% year-over-year decline in revenue, with an EPS of $0.44, surpassing analysts' expectations.

CSX (NASDAQ:CSX - Get Free Report) had its price target lowered by Susquehanna from $35.00 to $34.00 in a research note issued on Thursday,MarketScreener reports. The firm currently has a "neutral" rating on the transportation company's stock. Susquehanna's target price would indicate a potential upside of 0.53% from the company's current price.

A number of other research analysts also recently commented on the company. Benchmark upped their target price on shares of CSX from $37.00 to $40.00 and gave the company a "buy" rating in a report on Thursday, July 24th. Citigroup increased their target price on shares of CSX from $36.00 to $38.00 and gave the stock a "buy" rating in a research note on Wednesday, July 9th. Wells Fargo & Company upgraded CSX from an "equal weight" rating to an "overweight" rating and lifted their target price for the company from $37.00 to $40.00 in a research note on Thursday. Sanford C. Bernstein restated a "market perform" rating and set a $36.00 price target (up previously from $33.00) on shares of CSX in a research note on Tuesday, July 8th. Finally, Robert W. Baird upped their price objective on shares of CSX from $38.00 to $44.00 and gave the stock an "outperform" rating in a research report on Friday, July 25th. One research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $37.59.

CSX Trading Down 0.7%

NASDAQ CSX opened at $33.82 on Thursday. The firm has a market cap of $63.05 billion, a price-to-earnings ratio of 20.88, a PEG ratio of 2.54 and a beta of 1.25. CSX has a one year low of $26.22 and a one year high of $37.25. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.63 and a current ratio of 0.77. The firm has a 50 day simple moving average of $34.20 and a 200-day simple moving average of $31.73.

CSX (NASDAQ:CSX - Get Free Report) last released its earnings results on Wednesday, July 23rd. The transportation company reported $0.44 EPS for the quarter, topping the consensus estimate of $0.42 by $0.02. The firm had revenue of $3.57 billion during the quarter, compared to analysts' expectations of $3.57 billion. CSX had a return on equity of 25.48% and a net margin of 21.92%.CSX's revenue for the quarter was down 3.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.49 EPS. Equities research analysts anticipate that CSX will post 1.83 EPS for the current fiscal year.

Institutional Trading of CSX

A number of institutional investors and hedge funds have recently made changes to their positions in CSX. Twin Peaks Wealth Advisors LLC purchased a new position in CSX in the second quarter valued at approximately $25,000. Rossby Financial LCC acquired a new position in CSX during the 1st quarter worth approximately $28,000. WFA of San Diego LLC purchased a new stake in shares of CSX during the second quarter valued at approximately $28,000. Barnes Dennig Private Wealth Management LLC purchased a new position in shares of CSX in the first quarter valued at $30,000. Finally, Kessler Investment Group LLC acquired a new stake in CSX during the 1st quarter valued at $32,000. 73.57% of the stock is currently owned by institutional investors and hedge funds.

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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