CSX (NASDAQ:CSX) Price Target Raised to $44.00 at Susquehanna

CSX (NASDAQ:CSX - Get Free Report) had its target price boosted by investment analysts at Susquehanna from $42.00 to $44.00 in a report issued on Thursday, Benzinga reports. The firm currently has a "positive" rating on the transportation company's stock. Susquehanna's target price would indicate a potential upside of 18.69% from the stock's previous close.

Other equities research analysts have also issued reports about the stock. TD Cowen increased their target price on shares of CSX from $32.00 to $36.00 and gave the stock a "market perform" rating in a report on Thursday, January 25th. Stifel Nicolaus lowered their price objective on shares of CSX from $38.00 to $37.00 and set a "buy" rating for the company in a research report on Thursday, January 25th. Raymond James increased their price objective on shares of CSX from $35.00 to $38.00 and gave the stock an "outperform" rating in a research report on Tuesday, January 16th. JPMorgan Chase & Co. lowered their price objective on shares of CSX from $40.00 to $39.00 and set an "overweight" rating for the company in a research report on Thursday, December 21st. Finally, Benchmark reissued a "buy" rating and set a $38.00 price objective on shares of CSX in a research report on Thursday, January 25th. Four analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $36.88.

CSX Price Performance

CSX stock traded up $0.23 during trading hours on Thursday, hitting $37.07. 8,659,547 shares of the stock were exchanged, compared to its average volume of 11,666,185. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.91 and a current ratio of 1.05. The stock has a market capitalization of $72.57 billion, a P/E ratio of 20.19, a P/E/G ratio of 2.09 and a beta of 1.18. CSX has a 12 month low of $29.03 and a 12 month high of $40.12. The business's 50-day moving average is $36.89 and its two-hundred day moving average is $33.79.

CSX (NASDAQ:CSX - Get Free Report) last announced its earnings results on Tuesday, January 23rd. The transportation company reported $0.45 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.44 by $0.01. CSX had a net margin of 25.35% and a return on equity of 30.52%. The company had revenue of $3.68 billion for the quarter, compared to analyst estimates of $3.63 billion. During the same period in the prior year, the business earned $0.49 earnings per share. CSX's quarterly revenue was down 1.3% on a year-over-year basis. Equities research analysts expect that CSX will post 1.96 EPS for the current fiscal year.

Institutional Trading of CSX

A number of hedge funds have recently modified their holdings of the stock. HighPoint Advisor Group LLC acquired a new stake in shares of CSX during the 4th quarter worth about $2,842,000. Fairman Group LLC acquired a new stake in shares of CSX during the 4th quarter worth about $55,000. Ables Iannone Moore & Associates Inc. acquired a new stake in shares of CSX during the 4th quarter worth about $1,656,000. SageView Advisory Group LLC raised its stake in CSX by 13.2% in the 4th quarter. SageView Advisory Group LLC now owns 7,374 shares of the transportation company's stock worth $264,000 after purchasing an additional 858 shares in the last quarter. Finally, Willner & Heller LLC acquired a new stake in CSX in the 4th quarter worth about $266,000. Institutional investors and hedge funds own 73.57% of the company's stock.

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.