CSX (NASDAQ:CSX) Price Target Lowered to $35.00 at The Goldman Sachs Group

Key Points

• The Goldman Sachs Group has lowered its price target for CSX from $36.00 to $35.00, maintaining a "neutral" rating on the stock, indicating a potential downside of 3.31% from its previous close.
• Consensus ratings from analysts suggest CSX is viewed as a "Moderate Buy", with one analyst offering a "strong buy" rating and multiple others providing "buy" or "hold" ratings, alongside a consensus price target of $38.26.
• CSX recently reported an earnings per share (EPS) of $0.44, exceeding estimates, but revenue decreased by 3.5% year-over-year, indicating mixed financial performance.

CSX (NASDAQ:CSX - Get Free Report) had its target price cut by investment analysts at The Goldman Sachs Group from $36.00 to $35.00 in a research note issued on Wednesday,MarketScreener reports. The brokerage currently has a "neutral" rating on the transportation company's stock. The Goldman Sachs Group's price target indicates a potential downside of 3.31% from the stock's previous close.

Other equities analysts have also recently issued research reports about the company. Baird R W raised CSX to a "strong-buy" rating in a report on Tuesday, July 1st. Benchmark raised their target price on shares of CSX from $37.00 to $40.00 and gave the company a "buy" rating in a research note on Thursday, July 24th. Barclays upped their target price on CSX from $36.00 to $38.00 and gave the company an "overweight" rating in a research report on Thursday, July 24th. Susquehanna decreased their price objective on CSX from $35.00 to $34.00 and set a "neutral" rating for the company in a report on Thursday, September 25th. Finally, Raymond James Financial raised their price target on shares of CSX from $33.00 to $37.00 and gave the company an "outperform" rating in a research report on Tuesday, July 15th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $38.26.

CSX Price Performance

CSX stock traded up $0.25 during trading hours on Wednesday, hitting $36.20. The stock had a trading volume of 1,439,881 shares, compared to its average volume of 16,777,541. The stock's fifty day moving average is $34.27 and its two-hundred day moving average is $32.11. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.77 and a quick ratio of 0.63. CSX has a 1-year low of $26.22 and a 1-year high of $37.25. The stock has a market capitalization of $67.49 billion, a price-to-earnings ratio of 22.27, a PEG ratio of 2.80 and a beta of 1.29.

CSX (NASDAQ:CSX - Get Free Report) last announced its 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. The business had revenue of $3.57 billion for the quarter, compared to the consensus estimate of $3.57 billion. CSX had a return on equity of 25.48% and a net margin of 21.92%.The company's revenue was down 3.5% on a year-over-year basis. During the same period last year, the business posted $0.49 EPS. As a group, analysts predict that CSX will post 1.83 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the company. Strs Ohio purchased a new stake in shares of CSX in the 1st quarter valued at $29,614,000. Focus Partners Wealth lifted its stake in CSX by 6.7% in the first quarter. Focus Partners Wealth now owns 1,447,099 shares of the transportation company's stock worth $42,588,000 after acquiring an additional 90,313 shares during the last quarter. Woodline Partners LP lifted its position in shares of CSX by 127.7% during the 1st quarter. Woodline Partners LP now owns 1,151,161 shares of the transportation company's stock worth $33,879,000 after buying an additional 645,693 shares during the last quarter. CWA Asset Management Group LLC increased its stake in CSX by 15.1% in the 1st quarter. CWA Asset Management Group LLC now owns 12,514 shares of the transportation company's stock valued at $368,000 after buying an additional 1,642 shares during the period. Finally, Dynamic Advisor Solutions LLC grew its stake in shares of CSX by 9.8% during the 1st quarter. Dynamic Advisor Solutions LLC now owns 38,757 shares of the transportation company's stock worth $1,141,000 after purchasing an additional 3,458 shares during the period. Institutional investors own 73.57% of the company's stock.

CSX Company Profile

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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