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

Key Points

• TD Cowen has raised its target price on CSX from $38.00 to $39.00, suggesting an 8.36% potential upside from the current price.
• CSX's recent earnings report showed an EPS of $0.44, beating expectations, but revenue decreased by 0.9% year-over-year.
• Analysts generally provide a Moderate Buy consensus rating for CSX, with one Strong Buy, seventeen Buy, and six Hold ratings among them.

CSX (NASDAQ:CSX - Get Free Report) had its target price lifted by research analysts at TD Cowen from $38.00 to $39.00 in a note issued to investors on Friday,MarketScreener reports. TD Cowen's price objective would suggest a potential upside of 8.36% from the company's current price.

CSX has been the subject of a number of other reports. The Goldman Sachs Group decreased their target price on CSX from $36.00 to $35.00 and set a "neutral" rating for the company in a research report on Wednesday, October 8th. Susquehanna cut their target price on shares of CSX from $35.00 to $34.00 and set a "neutral" rating on the stock in a report on Thursday, September 25th. Royal Bank Of Canada upped their target price on shares of CSX from $39.00 to $41.00 and gave the company an "outperform" rating in a report on Tuesday, September 30th. Wolfe Research raised their price target on CSX from $40.00 to $43.00 and gave the stock an "outperform" rating in a report on Tuesday, October 7th. Finally, Raymond James Financial boosted their price objective on shares of CSX from $33.00 to $37.00 and gave the company an "outperform" rating in a research note on Tuesday, July 15th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and six have given a Hold rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $38.39.

CSX Stock Performance

NASDAQ:CSX opened at $35.99 on Friday. CSX has a 12 month low of $26.22 and a 12 month high of $37.25. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.77 and a quick ratio of 0.63. The firm has a market capitalization of $67.10 billion, a PE ratio of 22.22, a price-to-earnings-growth ratio of 2.83 and a beta of 1.29. The business's fifty day moving average price is $34.32 and its 200 day moving average price is $32.37.

CSX (NASDAQ:CSX - Get Free Report) last released its quarterly earnings data on Thursday, October 16th. The transportation company reported $0.44 EPS for the quarter, beating analysts' consensus estimates of $0.42 by $0.02. The business had revenue of $3.59 billion for the quarter, compared to the consensus estimate of $3.60 billion. CSX had a return on equity of 25.48% and a net margin of 21.92%.The business's revenue for the quarter was down .9% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.45 EPS. On average, sell-side analysts anticipate that CSX will post 1.83 earnings per share for the current fiscal year.

Institutional Trading of CSX

A number of large investors have recently made changes to their positions in CSX. Twin Peaks Wealth Advisors LLC acquired a new position in CSX in the 2nd quarter valued at about $25,000. WFA of San Diego LLC acquired a new stake in CSX during the second quarter worth approximately $28,000. Barnes Dennig Private Wealth Management LLC purchased a new stake in CSX in the 1st quarter worth approximately $30,000. Rossby Financial LCC purchased a new stake in shares of CSX during the 1st quarter valued at $28,000. Finally, Kessler Investment Group LLC acquired a new stake in shares of CSX during the 1st quarter worth $32,000. Institutional investors and hedge funds 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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