CSX Co. (NASDAQ:CSX) Receives $36.24 Consensus Price Target from Brokerages

Shares of CSX Co. (NASDAQ:CSXGet Free Report) have received an average recommendation of “Moderate Buy” from the seventeen research firms that are presently covering the firm, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and fourteen have given a buy recommendation to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $36.24.

A number of equities analysts recently commented on CSX shares. Stifel Nicolaus dropped their price target on shares of CSX from $38.00 to $37.00 and set a “buy” rating for the company in a research note on Thursday, January 25th. TD Cowen raised their price target on shares of CSX from $32.00 to $36.00 and gave the company a “market perform” rating in a research report on Thursday, January 25th. StockNews.com downgraded shares of CSX from a “buy” rating to a “hold” rating in a research note on Wednesday, January 31st. Raymond James lifted their target price on shares of CSX from $35.00 to $38.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 16th. Finally, Susquehanna raised shares of CSX from a “neutral” rating to a “positive” rating in a research note on Monday, January 8th.

Get Our Latest Stock Report on CSX

CSX Stock Down 0.1 %

Shares of CSX stock opened at $36.99 on Monday. The company has a debt-to-equity ratio of 1.48, a current ratio of 1.05 and a quick ratio of 1.00. The company has a market capitalization of $73.10 billion, a price-to-earnings ratio of 20.10, a PEG ratio of 2.13 and a beta of 1.19. The company’s fifty day moving average price is $34.62 and its 200-day moving average price is $32.27. CSX has a one year low of $27.60 and a one year high of $37.37.

CSX (NASDAQ:CSXGet Free Report) last announced its quarterly earnings results on Tuesday, January 23rd. The transportation company reported $0.45 earnings per share (EPS) for the quarter, beating 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 the consensus estimate of $3.63 billion. During the same period in the previous year, the firm posted $0.49 EPS. CSX’s revenue for the quarter was down 1.3% compared to the same quarter last year. Sell-side analysts expect that CSX will post 1.97 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Avantax Advisory Services Inc. grew its holdings in CSX by 30.0% during the 4th quarter. Avantax Advisory Services Inc. now owns 100,068 shares of the transportation company’s stock worth $3,469,000 after acquiring an additional 23,085 shares in the last quarter. Ieq Capital LLC raised its position in CSX by 7.5% in the 4th quarter. Ieq Capital LLC now owns 93,320 shares of the transportation company’s stock valued at $3,235,000 after purchasing an additional 6,543 shares during the last quarter. Principal Financial Group Inc. raised its position in CSX by 4.3% in the 4th quarter. Principal Financial Group Inc. now owns 2,355,479 shares of the transportation company’s stock valued at $81,664,000 after purchasing an additional 98,149 shares during the last quarter. QRG Capital Management Inc. raised its position in CSX by 9.1% in the 4th quarter. QRG Capital Management Inc. now owns 208,897 shares of the transportation company’s stock valued at $7,242,000 after purchasing an additional 17,346 shares during the last quarter. Finally, Qsemble Capital Management LP purchased a new position in CSX during the 4th quarter worth $366,000. Institutional investors and hedge funds own 72.76% of the company’s stock.

About CSX

(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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