CSX (NASDAQ:CSX) Stock Price Expected to Rise, Benchmark Analyst Says

CSX (NASDAQ:CSX - Get Free Report) had its target price boosted by research analysts at Benchmark from $37.00 to $40.00 in a report released on Thursday,Benzinga reports. The firm presently has a "buy" rating on the transportation company's stock. Benchmark's price target points to a potential upside of 11.86% from the stock's previous close.

CSX has been the topic of several other reports. Barclays increased their price target on CSX from $36.00 to $38.00 and gave the stock an "overweight" rating in a research report on Thursday. The Goldman Sachs Group reiterated a "neutral" rating and set a $35.00 price target on shares of CSX in a research report on Monday, June 2nd. Wells Fargo & Company boosted their price target on CSX from $28.00 to $35.00 and gave the company an "equal weight" rating in a report on Monday, July 7th. Jefferies Financial Group dropped their price objective on shares of CSX from $37.00 to $33.00 and set a "buy" rating on the stock in a research note on Wednesday, April 9th. Finally, Susquehanna reiterated a "neutral" rating and issued a $35.00 target price on shares of CSX in a research note on Tuesday, June 24th. Seven research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $37.00.

CSX Stock Performance

CSX stock traded up $0.76 during trading hours on Thursday, hitting $35.76. 31,706,226 shares of the stock traded hands, compared to its average volume of 16,334,290. CSX has a 1 year low of $26.22 and a 1 year high of $37.10. The stock has a market capitalization of $66.67 billion, a price-to-earnings ratio of 22.07, a P/E/G ratio of 3.20 and a beta of 1.23. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.77 and a quick ratio of 0.75. The firm's 50 day moving average price is $32.69 and its 200-day moving average price is $31.26.

CSX (NASDAQ:CSX - Get Free Report) last posted its quarterly earnings results on Wednesday, July 23rd. The transportation company reported $0.44 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.42 by $0.02. The company had revenue of $3.57 billion during the quarter, compared to analyst estimates of $3.57 billion. CSX had a net margin of 21.92% and a return on equity of 25.48%. CSX's revenue for the quarter was down 3.5% compared to the same quarter last year. During the same period last year, the firm posted $0.49 EPS. As a group, equities analysts expect that CSX will post 1.83 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of CSX. Brighton Jones LLC raised its position in CSX by 5.5% in the fourth quarter. Brighton Jones LLC now owns 16,254 shares of the transportation company's stock valued at $525,000 after purchasing an additional 849 shares during the period. LPL Financial LLC increased its position in shares of CSX by 7.8% during the 4th quarter. LPL Financial LLC now owns 1,712,112 shares of the transportation company's stock worth $55,250,000 after purchasing an additional 124,615 shares during the last quarter. Congress Wealth Management LLC DE acquired a new stake in shares of CSX during the 4th quarter worth about $1,087,000. Modern Wealth Management LLC raised its holdings in CSX by 67.1% in the 4th quarter. Modern Wealth Management LLC now owns 16,180 shares of the transportation company's stock valued at $535,000 after buying an additional 6,495 shares during the period. Finally, Zions Bancorporation N.A. lifted its position in CSX by 7.8% in the fourth quarter. Zions Bancorporation N.A. now owns 7,326 shares of the transportation company's stock valued at $236,000 after buying an additional 533 shares during the last quarter. Hedge funds and other 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.