CSX (NASDAQ:CSX) Stock Price Expected to Rise, Bank of America Analyst Says

CSX (NASDAQ:CSX - Get Free Report) had its price objective increased by equities researchers at Bank of America from $30.00 to $31.00 in a note issued to investors on Monday,Benzinga reports. The brokerage currently has a "neutral" rating on the transportation company's stock. Bank of America's price objective would suggest a potential upside of 2.60% from the company's current price.

CSX has been the subject of several other research reports. Barclays reduced their price objective on shares of CSX from $35.00 to $31.00 and set an "overweight" rating for the company in a research report on Thursday, April 17th. Loop Capital downgraded shares of CSX from a "buy" rating to a "hold" rating and reduced their price target for the company from $40.00 to $34.00 in a research report on Monday, February 3rd. Susquehanna reduced their price target on shares of CSX from $37.00 to $35.00 and set a "positive" rating for the company in a research report on Thursday, April 17th. Citigroup reduced their price target on shares of CSX from $39.00 to $36.00 and set a "buy" rating for the company in a research report on Tuesday, April 8th. Finally, Wells Fargo & Company reduced their price target on shares of CSX from $31.00 to $28.00 and set an "equal weight" rating for the company in a research report on Thursday, April 17th. Seven equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $33.90.

CSX Price Performance

Shares of CSX stock traded up $1.48 on Monday, reaching $30.22. The company had a trading volume of 2,793,528 shares, compared to its average volume of 12,706,258. The stock has a market capitalization of $56.76 billion, a PE ratio of 16.86, a price-to-earnings-growth ratio of 1.92 and a beta of 1.22. The company has a quick ratio of 1.23, a current ratio of 0.86 and a debt-to-equity ratio of 1.43. CSX has a one year low of $26.22 and a one year high of $37.10. The business's 50-day moving average is $28.78 and its 200 day moving average is $31.84.

CSX (NASDAQ:CSX - Get Free Report) last released its quarterly earnings data 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). The firm had revenue of $3.42 billion during the quarter, compared to analyst estimates of $3.53 billion. CSX had a net margin of 23.95% and a return on equity of 28.15%. Equities research analysts forecast that CSX will post 1.83 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Marshall & Sterling Wealth Advisors Inc. bought a new position in shares of CSX in the fourth quarter worth approximately $27,000. Rossby Financial LCC bought a new stake in CSX in the first quarter valued at $28,000. Accredited Wealth Management LLC bought a new stake in CSX in the fourth quarter valued at $29,000. Fourth Dimension Wealth LLC bought a new stake in CSX in the fourth quarter valued at $29,000. Finally, Barnes Dennig Private Wealth Management LLC bought a new stake in CSX in the first quarter valued at $30,000. 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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