CSX (NASDAQ:CSX) Receives Neutral Rating from Susquehanna

CSX (NASDAQ:CSX - Get Free Report)'s stock had its "neutral" rating restated by analysts at Susquehanna in a research note issued to investors on Tuesday, MarketBeat Ratings reports. They presently have a $35.00 target price on the transportation company's stock. Susquehanna's target price would indicate a potential upside of 7.96% from the stock's previous close.

Other equities analysts have also recently issued research reports about the company. UBS Group decreased their price objective on CSX from $36.00 to $34.00 and set a "buy" rating for the company in a report on Thursday, April 17th. Deutsche Bank Aktiengesellschaft started coverage on CSX in a research report on Friday, March 7th. They set a "hold" rating and a $34.00 price target for the company. Benchmark restated a "buy" rating and issued a $35.00 price objective on shares of CSX in a research report on Thursday, April 17th. The Goldman Sachs Group reaffirmed a "neutral" rating and set a $35.00 target price on shares of CSX in a report on Monday, June 2nd. Finally, Raymond James Financial reiterated an "outperform" rating and issued a $33.00 target price (down from $34.00) on shares of CSX in a research note on Thursday, April 17th. Nine analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $34.14.

CSX Stock Performance

Shares of NASDAQ CSX opened at $32.42 on Tuesday. The company has a 50 day simple moving average of $30.24 and a two-hundred day simple moving average of $31.06. The stock has a market cap of $60.90 billion, a price-to-earnings ratio of 19.41, a PEG ratio of 2.81 and a beta of 1.24. The company has a current ratio of 0.88, a quick ratio of 0.75 and a debt-to-equity ratio of 1.52. CSX has a 12 month low of $26.22 and a 12 month high of $37.10.

CSX (NASDAQ:CSX - Get Free Report) last issued its earnings results on Wednesday, April 16th. The transportation company reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.39 by ($0.05). CSX had a return on equity of 26.42% and a net margin of 22.66%. The business had revenue of $3.42 billion for the quarter, compared to analysts' expectations of $3.53 billion. As a group, analysts predict that CSX will post 1.83 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. Norges Bank purchased a new stake in shares of CSX during the fourth quarter worth $780,194,000. Ameriprise Financial Inc. grew its stake in CSX by 89.7% during the 4th quarter. Ameriprise Financial Inc. now owns 20,856,567 shares of the transportation company's stock valued at $673,025,000 after acquiring an additional 9,863,587 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in CSX by 40.5% in the 4th quarter. Bank of New York Mellon Corp now owns 23,350,087 shares of the transportation company's stock valued at $753,507,000 after acquiring an additional 6,730,316 shares during the last quarter. Nuveen LLC acquired a new position in shares of CSX during the 1st quarter worth approximately $182,550,000. Finally, Mitsubishi UFJ Trust & Banking Corp grew its position in shares of CSX by 471.9% in the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 6,748,661 shares of the transportation company's stock valued at $217,808,000 after purchasing an additional 5,568,624 shares in the last quarter. 73.57% of the stock is owned by institutional investors and hedge funds.

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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