CSX (NASDAQ:CSX) Upgraded to "Strong-Buy" at Baird R W

CSX (NASDAQ:CSX - Get Free Report) was upgraded by Baird R W to a "strong-buy" rating in a research report issued on Tuesday,Zacks.com reports.

Other analysts also recently issued research reports about the company. Evercore ISI cut their price target on CSX from $35.00 to $33.00 and set an "outperform" rating on the stock in a report on Thursday, April 17th. 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 report on Thursday, April 17th. BMO Capital Markets lowered their price target on shares of CSX from $36.00 to $35.00 and set an "outperform" rating for the company in a research report on Thursday, April 17th. Barclays reduced their target price on shares of CSX from $35.00 to $31.00 and set an "overweight" rating for the company in a research note on Thursday, April 17th. Finally, Citigroup decreased their target price 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. Nine research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, CSX has a consensus rating of "Moderate Buy" and an average price target of $34.14.

CSX Stock Up 0.4%

Shares of CSX stock traded up $0.14 during trading on Tuesday, reaching $33.61. The company had a trading volume of 8,595,937 shares, compared to its average volume of 13,292,840. The company has a debt-to-equity ratio of 1.52, a quick ratio of 0.75 and a current ratio of 0.88. CSX has a fifty-two week low of $26.22 and a fifty-two week high of $37.10. The firm's fifty day moving average is $30.86 and its 200-day moving average is $31.04. The company has a market cap of $63.14 billion, a price-to-earnings ratio of 20.13, a price-to-earnings-growth ratio of 2.86 and a beta of 1.23.

CSX (NASDAQ:CSX - Get Free Report) last posted its quarterly earnings results on Wednesday, April 16th. The transportation company reported $0.34 EPS for the quarter, missing the consensus estimate of $0.39 by ($0.05). The business had revenue of $3.42 billion during the quarter, compared to analyst estimates of $3.53 billion. CSX had a net margin of 22.66% and a return on equity of 26.42%. On average, analysts anticipate that CSX will post 1.83 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of CSX. Modern Wealth Management LLC grew its holdings in shares of CSX by 9.8% in the 1st quarter. Modern Wealth Management LLC now owns 17,518 shares of the transportation company's stock worth $516,000 after acquiring an additional 1,564 shares during the last quarter. Strs Ohio acquired a new position in shares of CSX in the 1st quarter valued at $29,614,000. Foresight Group Ltd Liability Partnership purchased a new position in CSX in the 1st quarter worth about $1,504,000. Jacobi Capital Management LLC raised its holdings in CSX by 9.7% during the 1st quarter. Jacobi Capital Management LLC now owns 43,356 shares of the transportation company's stock worth $1,276,000 after buying an additional 3,834 shares during the period. Finally, Belpointe Asset Management LLC raised its holdings in CSX by 32.8% during the 1st quarter. Belpointe Asset Management LLC now owns 9,875 shares of the transportation company's stock worth $291,000 after buying an additional 2,438 shares during the period. 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.