CSX (NASDAQ:CSX) Given New $41.00 Price Target at Royal Bank Of Canada

Key Points

• Royal Bank of Canada has raised its price target on CSX shares from $39.00 to $41.00, indicating a potential upside of 14.43% from the stock's previous close and maintaining an "outperform" rating.
• Other analysts, including Jefferies and Benchmark, have also issued "buy" ratings and increased their price targets, reflecting a generally positive outlook on CSX, which currently has an average rating of "Moderate Buy" and a target price of $37.50.
• CSX recently reported earnings of $0.44 per share, slightly above the consensus estimate, despite a 3.5% decline in revenue year-over-year.

CSX (NASDAQ:CSX - Get Free Report) had its price target upped by investment analysts at Royal Bank Of Canada from $39.00 to $41.00 in a research note issued to investors on Tuesday,MarketScreener reports. The brokerage currently has an "outperform" rating on the transportation company's stock. Royal Bank Of Canada's price objective points to a potential upside of 14.43% from the stock's previous close.

Other equities analysts have also recently issued reports about the stock. Jefferies Financial Group restated a "buy" rating on shares of CSX in a research report on Monday. Benchmark raised their price target on shares of CSX from $37.00 to $40.00 and gave the stock a "buy" rating in a report on Thursday, July 24th. Wells Fargo & Company upgraded shares of CSX from an "equal weight" rating to an "overweight" rating and upped their price objective for the stock from $37.00 to $40.00 in a report on Thursday, September 25th. TD Cowen upgraded shares of CSX from a "hold" rating to a "buy" rating and upped their target price for the stock from $32.00 to $45.00 in a research note on Monday, July 21st. Finally, Sanford C. Bernstein restated a "market perform" rating and set a $36.00 price target (up from $33.00) on shares of CSX in a report on Tuesday, July 8th. One research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $37.50.

CSX Price Performance

CSX stock opened at $35.83 on Tuesday. The company's 50-day moving average price is $34.21 and its two-hundred day moving average price is $31.86. CSX has a 12 month low of $26.22 and a 12 month high of $37.25. The company has a quick ratio of 0.63, a current ratio of 0.77 and a debt-to-equity ratio of 1.50. The firm has a market cap of $66.80 billion, a P/E ratio of 22.12, a P/E/G ratio of 2.63 and a beta of 1.25.

CSX (NASDAQ:CSX - Get Free Report) last released its quarterly earnings data on Wednesday, July 23rd. The transportation company reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.42 by $0.02. CSX had a return on equity of 25.48% and a net margin of 21.92%.The company had revenue of $3.57 billion for the quarter, compared to the consensus estimate of $3.57 billion. During the same quarter last year, the business posted $0.49 EPS. CSX's revenue for the quarter was down 3.5% on a year-over-year basis. On average, 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 large investors have recently added to or reduced their stakes in the company. Brighton Jones LLC raised its holdings in CSX by 5.5% in the fourth quarter. Brighton Jones LLC now owns 16,254 shares of the transportation company's stock worth $525,000 after buying an additional 849 shares during the last quarter. Wellington Management Group LLP lifted its stake in CSX by 14.7% during the 4th quarter. Wellington Management Group LLP now owns 117,579 shares of the transportation company's stock valued at $3,794,000 after acquiring an additional 15,029 shares during the period. GAMMA Investing LLC lifted its position in CSX by 3,526.2% during the first quarter. GAMMA Investing LLC now owns 1,056,831 shares of the transportation company's stock valued at $31,103,000 after purchasing an additional 1,027,687 shares during the period. NBC Securities Inc. grew its position in shares of CSX by 94,100.0% during the 1st quarter. NBC Securities Inc. now owns 6,594 shares of the transportation company's stock valued at $194,000 after acquiring an additional 6,587 shares during the period. Finally, Fragasso Financial Advisors Inc grew its holdings in CSX by 3.5% during the first quarter. Fragasso Financial Advisors Inc now owns 15,088 shares of the transportation company's stock valued at $444,000 after purchasing an additional 507 shares during the period. Institutional investors 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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