CSX (NASDAQ:CSX) Price Target Raised to $37.00 at The Goldman Sachs Group

Key Points

• The Goldman Sachs Group increased its target price for CSX from $35.00 to $37.00, maintaining a "neutral" rating on the stock.
• Other analysts have varied opinions, with Wolfe Research setting a higher price target of $43.00 and a "buy" rating, while Susquehanna lowered its target to $34.00 with a "neutral" rating.
• CSX reported a Q3 EPS of $0.44, slightly exceeding estimates, but experienced a 0.9% decline in revenuestrong> compared to the previous year.

CSX (NASDAQ:CSX - Get Free Report) had its target price upped by stock analysts at The Goldman Sachs Group from $35.00 to $37.00 in a research report issued on Friday,MarketScreener reports. The brokerage presently has a "neutral" rating on the transportation company's stock. The Goldman Sachs Group's price target would suggest a potential upside of 2.81% from the stock's previous close.

A number of other equities research analysts also recently issued reports on CSX. Wolfe Research upped their price objective on shares of CSX from $40.00 to $43.00 and gave the stock an "outperform" rating in a research report on Tuesday, October 7th. Deutsche Bank Aktiengesellschaft upgraded shares of CSX from a "hold" rating to a "buy" rating and set a $40.00 target price for the company in a research report on Thursday, July 24th. Barclays boosted their price target on shares of CSX from $36.00 to $38.00 and gave the company an "overweight" rating in a research report on Thursday, July 24th. Susquehanna lowered their target price on shares of CSX from $35.00 to $34.00 and set a "neutral" rating on the stock in a report on Thursday, September 25th. Finally, BMO Capital Markets cut shares of CSX from an "outperform" rating to a "market perform" rating and set a $38.00 price objective on the stock. in a research report on Monday, August 18th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and six have issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $38.39.

CSX Stock Performance

NASDAQ:CSX opened at $35.99 on Friday. The stock has a market cap of $67.10 billion, a P/E ratio of 22.22, a price-to-earnings-growth ratio of 2.83 and a beta of 1.29. The company has a current ratio of 0.77, a quick ratio of 0.63 and a debt-to-equity ratio of 1.50. CSX has a 1-year low of $26.22 and a 1-year high of $37.25. The stock's 50-day moving average is $34.32 and its 200-day moving average is $32.37.

CSX (NASDAQ:CSX - Get Free Report) last announced its earnings results on Thursday, October 16th. The transportation company reported $0.44 EPS 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 $3.59 billion for the quarter, compared to analyst estimates of $3.60 billion. During the same quarter in the prior year, the company earned $0.45 EPS. The firm's revenue for the quarter was down .9% compared to the same quarter last year. Equities research analysts anticipate that CSX will post 1.83 earnings per share for the current year.

Institutional Investors Weigh In On CSX

Several hedge funds have recently made changes to their positions in the company. Strs Ohio purchased a new stake in CSX in the first quarter worth about $29,614,000. Focus Partners Wealth raised its stake in CSX by 6.7% during the first quarter. Focus Partners Wealth now owns 1,447,099 shares of the transportation company's stock valued at $42,588,000 after buying an additional 90,313 shares during the last quarter. Woodline Partners LP boosted its holdings in CSX by 127.7% in the first quarter. Woodline Partners LP now owns 1,151,161 shares of the transportation company's stock worth $33,879,000 after acquiring an additional 645,693 shares in the last quarter. CWA Asset Management Group LLC grew its stake in shares of CSX by 15.1% in the first quarter. CWA Asset Management Group LLC now owns 12,514 shares of the transportation company's stock worth $368,000 after acquiring an additional 1,642 shares during the last quarter. Finally, Foresight Group Ltd Liability Partnership purchased a new position in shares of CSX in the 1st quarter worth about $1,504,000. 73.57% of the stock is currently owned by institutional investors.

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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