CSX (NASDAQ:CSX) PT Lowered to $36.00

CSX (NASDAQ:CSX) had its target price cut by Royal Bank of Canada from $37.00 to $36.00 in a report issued on Thursday, Benzinga reports. The firm presently has a “sector perform” rating on the transportation company’s stock. Royal Bank of Canada’s price objective points to a potential upside of 4.83% from the company’s previous close.

A number of other equities research analysts also recently commented on the stock. JPMorgan Chase & Co. dropped their price objective on shares of CSX from $40.00 to $39.00 and set an “overweight” rating on the stock in a research report on Thursday, December 21st. BMO Capital Markets increased their price objective on shares of CSX from $37.00 to $38.00 and gave the company an “outperform” 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 report on Wednesday, January 31st. Susquehanna increased their price objective on shares of CSX from $42.00 to $44.00 and gave the company a “positive” rating in a research report on Thursday, March 28th. Finally, TD Cowen increased their target price 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. Five research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $37.72.

CSX Price Performance

CSX stock opened at $34.34 on Thursday. The firm has a market cap of $67.22 billion, a PE ratio of 18.87, a price-to-earnings-growth ratio of 1.97 and a beta of 1.18. CSX has a 52-week low of $29.03 and a 52-week high of $40.12. The company has a quick ratio of 0.91, a current ratio of 1.05 and a debt-to-equity ratio of 1.48. The company’s 50 day moving average is $36.88 and its two-hundred day moving average is $34.35.

CSX (NASDAQ:CSX) last released its earnings results on Wednesday, April 17th. The transportation company reported $0.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.45 by $0.01. The company had revenue of $3.68 billion for the quarter, compared to analyst estimates of $3.66 billion. CSX had a net margin of 24.75% and a return on equity of 29.88%. The firm’s quarterly revenue was down .8% on a year-over-year basis. During the same period in the prior year, the business earned $0.48 EPS. On average, research analysts expect that CSX will post 1.97 EPS for the current fiscal year.

Institutional Trading of CSX

Several hedge funds have recently made changes to their positions in the company. Miracle Mile Advisors LLC lifted its stake in shares of CSX by 0.3% in the 1st quarter. Miracle Mile Advisors LLC now owns 103,563 shares of the transportation company’s stock worth $3,839,000 after acquiring an additional 303 shares during the period. High Net Worth Advisory Group LLC lifted its stake in shares of CSX by 1.7% in the 4th quarter. High Net Worth Advisory Group LLC now owns 17,704 shares of the transportation company’s stock worth $614,000 after acquiring an additional 304 shares during the period. Stratos Wealth Advisors LLC lifted its stake in shares of CSX by 1.1% in the 4th quarter. Stratos Wealth Advisors LLC now owns 28,210 shares of the transportation company’s stock worth $978,000 after acquiring an additional 304 shares during the period. Cornercap Investment Counsel Inc. lifted its stake in shares of CSX by 0.3% in the 4th quarter. Cornercap Investment Counsel Inc. now owns 120,244 shares of the transportation company’s stock worth $4,169,000 after acquiring an additional 309 shares during the period. Finally, Park Place Capital Corp lifted its stake in shares of CSX by 12.1% in the 3rd quarter. Park Place Capital Corp now owns 3,064 shares of the transportation company’s stock worth $94,000 after acquiring an additional 330 shares during the period. 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.