CSX (NASDAQ:CSX) Price Target Raised to $38.00 at Barclays

CSX (NASDAQ:CSX - Get Free Report) had its target price increased by equities researchers at Barclays from $36.00 to $38.00 in a research report issued on Thursday,Benzinga reports. The firm presently has an "overweight" rating on the transportation company's stock. Barclays's price objective would suggest a potential upside of 8.06% from the company's previous close.

A number of other equities research analysts have also recently weighed in on the company. BMO Capital Markets reduced their price objective on CSX from $36.00 to $35.00 and set an "outperform" rating for the company in a research note on Thursday, April 17th. 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. Citigroup upped their price target on CSX from $36.00 to $38.00 and gave the stock a "buy" rating in a research note on Wednesday, July 9th. Argus set a $32.00 price target on CSX in a research note on Friday, April 25th. Finally, Bank of America upgraded CSX from a "neutral" rating to a "buy" rating and upped their price target for the stock from $34.00 to $42.00 in a research note on Thursday, July 17th. Six analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $36.73.

CSX Trading Up 0.6%

NASDAQ CSX traded up $0.20 during trading on Thursday, hitting $35.17. The stock had a trading volume of 18,590,720 shares, compared to its average volume of 15,559,444. The company has a market capitalization of $66.06 billion, a PE ratio of 21.11, a PEG ratio of 3.15 and a beta of 1.23. The company has a quick ratio of 0.75, a current ratio of 0.88 and a debt-to-equity ratio of 1.52. The firm has a 50 day moving average price of $32.52 and a 200 day moving average price of $31.22. CSX has a twelve month low of $26.22 and a twelve month high of $37.10.

CSX (NASDAQ:CSX - Get Free Report) last announced its quarterly earnings data on Wednesday, July 23rd. The transportation company reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.42 by $0.02. The business had revenue of $3.57 billion during the quarter, compared to analysts' expectations of $3.57 billion. CSX had a return on equity of 26.42% and a net margin of 22.66%. The business's quarterly revenue was down 3.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.49 EPS. As a group, equities research analysts forecast that CSX will post 1.83 earnings per share for the current year.

Institutional Trading of CSX

Several hedge funds have recently added to or reduced their stakes in the business. Marshall & Sterling Wealth Advisors Inc. acquired a new position in shares of CSX in the 4th quarter worth $27,000. Accredited Wealth Management LLC acquired a new position in shares of CSX in the 4th quarter worth $29,000. Fourth Dimension Wealth LLC acquired a new position in shares of CSX in the 4th quarter worth $29,000. Barnes Dennig Private Wealth Management LLC acquired a new position in shares of CSX in the 1st quarter worth $30,000. Finally, Rossby Financial LCC acquired a new position in shares of CSX in the 1st quarter worth $28,000. 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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