CSX (NASDAQ:CSX - Get Free Report) had its price target increased by investment analysts at Robert W. Baird from $38.00 to $44.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage presently has an "outperform" rating on the transportation company's stock. Robert W. Baird's target price would suggest a potential upside of 25.71% from the company's current price.
CSX has been the subject of a number of other research reports. Susquehanna reissued a "neutral" rating and issued a $35.00 target price on shares of CSX in a report on Tuesday, June 24th. Argus set a $32.00 price objective on CSX in a research report on Friday, April 25th. Deutsche Bank Aktiengesellschaft upgraded CSX from a "hold" rating to a "buy" rating and set a $40.00 price objective on the stock in a research report on Thursday. Baird R W raised CSX to a "strong-buy" rating in a report on Tuesday, July 1st. Finally, Raymond James Financial reissued an "outperform" rating and set a $37.00 price objective (up from $33.00) on shares of CSX in a research note on Tuesday, July 15th. Six research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, CSX has an average rating of "Moderate Buy" and an average price target of $37.00.
Read Our Latest Report on CSX
CSX Price Performance
Shares of CSX stock opened at $35.00 on Friday. The company has a current ratio of 0.88, a quick ratio of 0.75 and a debt-to-equity ratio of 1.52. The firm has a market capitalization of $65.75 billion, a PE ratio of 21.60, a price-to-earnings-growth ratio of 3.13 and a beta of 1.23. The business's 50-day moving average price is $32.60 and its 200-day moving average price is $31.24. CSX has a 12 month low of $26.22 and a 12 month high of $37.10.
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, topping the consensus estimate of $0.42 by $0.02. CSX had a return on equity of 25.39% and a net margin of 21.92%. The business had revenue of $3.57 billion during the quarter, compared to analysts' expectations of $3.57 billion. During the same quarter last year, the business posted $0.49 EPS. The business's revenue was down 3.5% on a year-over-year basis. Sell-side analysts forecast that CSX will post 1.83 EPS for the current fiscal year.
Hedge Funds Weigh In On CSX
Several institutional investors have recently modified their holdings of CSX. Wellington Management Group LLP boosted its stake in CSX by 14.7% in the fourth 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 in the last quarter. CWA Asset Management Group LLC boosted its stake in CSX by 15.1% in the first quarter. CWA Asset Management Group LLC now owns 12,514 shares of the transportation company's stock valued at $368,000 after acquiring an additional 1,642 shares in the last quarter. Dynamic Advisor Solutions LLC boosted its stake in CSX by 9.8% in the first quarter. Dynamic Advisor Solutions LLC now owns 38,757 shares of the transportation company's stock valued at $1,141,000 after acquiring an additional 3,458 shares in the last quarter. Farther Finance Advisors LLC boosted its stake in CSX by 61.4% in the first quarter. Farther Finance Advisors LLC now owns 14,154 shares of the transportation company's stock valued at $418,000 after acquiring an additional 5,382 shares in the last quarter. Finally, Cercano Management LLC acquired a new position in CSX in the fourth quarter valued at $4,869,000. 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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