CSX (NASDAQ:CSX) Upgraded to Buy by StockNews.com

CSX (NASDAQ:CSXGet Free Report) was upgraded by stock analysts at StockNews.com from a “hold” rating to a “buy” rating in a report issued on Tuesday.

Several other equities analysts also recently commented on CSX. Susquehanna raised shares of CSX from a “neutral” rating to a “positive” rating in a report on Monday, January 8th. JPMorgan Chase & Co. reduced their target price on CSX from $40.00 to $39.00 and set an “overweight” rating on the stock in a report on Thursday, December 21st. Bank of America lifted their target price on CSX from $36.00 to $38.00 in a report on Friday, September 29th. Benchmark reissued a “buy” rating and issued a $37.00 target price on shares of CSX in a report on Friday, October 20th. Finally, Raymond James raised their target price on shares of CSX from $35.00 to $38.00 and gave the company an “outperform” rating in a report on Tuesday, January 16th. Four equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $36.17.

Check Out Our Latest Analysis on CSX

CSX Price Performance

NASDAQ:CSX opened at $34.39 on Tuesday. The business’s 50-day simple moving average is $33.81 and its two-hundred day simple moving average is $32.09. CSX has a 52 week low of $27.60 and a 52 week high of $35.09. The stock has a market cap of $67.96 billion, a PE ratio of 18.29, a P/E/G ratio of 2.58 and a beta of 1.18. The company has a quick ratio of 1.00, a current ratio of 1.14 and a debt-to-equity ratio of 1.50.

CSX (NASDAQ:CSXGet Free Report) last issued its earnings results on Wednesday, January 24th. The transportation company reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.44 by $0.01. CSX had a return on equity of 31.28% and a net margin of 26.16%. The company had revenue of $3.68 billion for the quarter, compared to the consensus estimate of $3.63 billion. During the same quarter last year, the company earned $0.49 EPS. The firm’s quarterly revenue was down 1.3% on a year-over-year basis. As a group, analysts forecast that CSX will post 1.83 EPS for the current fiscal year.

Institutional Investors Weigh In On CSX

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Lannebo Fonder AB bought a new stake in CSX during the 4th quarter valued at about $250,000. Tritonpoint Wealth LLC bought a new position in CSX during the 4th quarter worth about $1,076,000. Stratos Wealth Partners LTD. grew its holdings in CSX by 15.6% during the 4th quarter. Stratos Wealth Partners LTD. now owns 36,006 shares of the transportation company’s stock worth $1,248,000 after acquiring an additional 4,856 shares in the last quarter. Stratos Wealth Advisors LLC grew its holdings in CSX by 1.1% in the fourth quarter. Stratos Wealth Advisors LLC now owns 28,210 shares of the transportation company’s stock worth $978,000 after purchasing an additional 304 shares during the last quarter. Finally, Grimes & Company Inc. acquired a new position in shares of CSX during the fourth quarter worth $264,000. Institutional investors own 72.76% of the company’s stock.

CSX Company Profile

(Get Free Report)

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 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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Analyst Recommendations for CSX (NASDAQ:CSX)

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