Free Trial

CSX (NASDAQ:CSX) Price Target Raised to $42.00 at Citigroup

CSX logo with Transportation background

Key Points

  • CSX's price target: Citigroup has raised CSX's price target from $41.00 to $42.00, indicating a potential upside of 14.75% from its previous close.
  • Analyst ratings: CSX has received various ratings from analysts, with one Strong Buy, eighteen Buy, and six Hold ratings, averaging a Moderate Buy with a target price of $39.00.
  • Performance metrics: CSX reported $0.44 earnings per share for the last quarter, slightly exceeding estimates, and a revenue of $3.59 billion, down 0.9% compared to the previous year.
  • Interested in CSX? Here are five stocks we like better.

CSX (NASDAQ:CSX - Get Free Report) had its price objective increased by investment analysts at Citigroup from $41.00 to $42.00 in a research note issued on Friday,MarketScreener reports. Citigroup's price objective would suggest a potential upside of 14.75% from the company's previous close.

Several other analysts also recently weighed in on CSX. Evercore ISI reaffirmed an "outperform" rating and issued a $39.00 target price (up previously from $37.00) on shares of CSX in a report on Friday. Weiss Ratings reiterated a "hold (c+)" rating on shares of CSX in a report on Wednesday, October 8th. Benchmark boosted their price objective on shares of CSX from $37.00 to $40.00 and gave the stock a "buy" rating in a report on Thursday, July 24th. Stephens upped their target price on shares of CSX from $39.00 to $41.00 and gave the stock an "overweight" rating in a research report on Monday, October 6th. Finally, TD Cowen lifted their price target on shares of CSX from $38.00 to $39.00 and gave the company a "buy" rating in a research report on Friday. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, CSX currently has an average rating of "Moderate Buy" and an average target price of $39.00.

Get Our Latest Stock Analysis on CSX

CSX Stock Up 1.7%

CSX stock opened at $36.60 on Friday. The company has a market cap of $68.23 billion, a price-to-earnings ratio of 23.92, a price-to-earnings-growth ratio of 2.82 and a beta of 1.29. The company has a fifty day moving average price of $34.34 and a 200 day moving average price of $32.42. 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 12 month low of $26.22 and a 12 month high of $37.25.

CSX (NASDAQ:CSX - Get Free Report) last announced its earnings results on Thursday, October 16th. 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 net margin of 20.55% and a return on equity of 25.16%. The business had revenue of $3.59 billion during the quarter, compared to the consensus estimate of $3.60 billion. During the same quarter in the prior year, the firm earned $0.45 earnings per share. The business's quarterly revenue was down .9% compared to the same quarter last year. Sell-side analysts expect that CSX will post 1.83 earnings per share for the current year.

Institutional Investors Weigh In On CSX

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Atlas Brown Inc. acquired a new stake in shares of CSX during the 3rd quarter worth $207,000. Indiana Trust & Investment Management Co increased its position in CSX by 9.2% during the 3rd quarter. Indiana Trust & Investment Management Co now owns 17,754 shares of the transportation company's stock worth $630,000 after purchasing an additional 1,500 shares in the last quarter. Regent Peak Wealth Advisors LLC acquired a new stake in shares of CSX in the third quarter worth $274,000. Farther Finance Advisors LLC raised its position in CSX by 5.8% in the third quarter. Farther Finance Advisors LLC now owns 28,294 shares of the transportation company's stock valued at $1,005,000 after purchasing an additional 1,549 shares during the period. Finally, Old Port Advisors purchased a new stake in shares of CSX during the 3rd quarter valued at about $307,000. 73.57% of the stock is currently owned by hedge funds and other institutional investors.

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.

Featured Articles

Analyst Recommendations for CSX (NASDAQ:CSX)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

Should You Invest $1,000 in CSX Right Now?

Before you consider CSX, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and CSX wasn't on the list.

While CSX currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

Metaverse Stocks And Why You Can't Ignore Them Cover

Thinking about investing in Meta, Roblox, or Unity? Enter your email to learn what streetwise investors need to know about the metaverse and public markets before making an investment.

Get This Free Report
Like this article? Share it with a colleague.