CSX Co. (NASDAQ:CSX) Given Average Recommendation of “Moderate Buy” by Brokerages

CSX Co. (NASDAQ:CSX) has earned an average rating of “Moderate Buy” from the eighteen research firms that are currently covering the stock, MarketBeat Ratings reports. Six equities research analysts have rated the stock with a hold recommendation and twelve have given a buy recommendation to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $38.78.

Several equities analysts have issued reports on CSX shares. Stephens decreased their price objective on shares of CSX from $41.00 to $39.00 and set an “overweight” rating on the stock in a report on Thursday, October 17th. TD Cowen lowered their target price on CSX from $36.00 to $35.00 and set a “hold” rating on the stock in a report on Thursday, October 17th. Wells Fargo & Company lowered their price objective on CSX from $35.00 to $34.00 and set an “equal weight” rating on the stock in a research note on Thursday, October 17th. Royal Bank of Canada cut their target price on CSX from $36.00 to $35.00 and set a “sector perform” rating for the company in a research note on Thursday, October 17th. Finally, Barclays boosted their target price on shares of CSX from $40.00 to $41.00 and gave the company an “overweight” rating in a report on Wednesday, November 13th.

Institutional Investors Weigh In On CSX

A number of large investors have recently modified their holdings of the company. Allspring Global Investments Holdings LLC lifted its holdings in CSX by 2.8% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 293,649 shares of the transportation company’s stock worth $9,823,000 after buying an additional 7,967 shares during the last quarter. Financial Advocates Investment Management boosted its holdings in CSX by 15.3% in the second quarter. Financial Advocates Investment Management now owns 6,734 shares of the transportation company’s stock valued at $225,000 after purchasing an additional 895 shares in the last quarter. Whittier Trust Co. of Nevada Inc. increased its stake in CSX by 5.8% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 8,688 shares of the transportation company’s stock valued at $291,000 after purchasing an additional 477 shares during the last quarter. Arkadios Wealth Advisors raised its holdings in CSX by 7.3% during the second quarter. Arkadios Wealth Advisors now owns 27,636 shares of the transportation company’s stock worth $924,000 after purchasing an additional 1,884 shares in the last quarter. Finally, Crewe Advisors LLC lifted its position in shares of CSX by 876.7% during the 2nd quarter. Crewe Advisors LLC now owns 1,299 shares of the transportation company’s stock worth $43,000 after buying an additional 1,166 shares during the last quarter. 73.57% of the stock is owned by hedge funds and other institutional investors.

CSX Stock Performance

Shares of NASDAQ CSX opened at $32.27 on Thursday. The stock has a market cap of $62.23 billion, a price-to-earnings ratio of 17.35, a PEG ratio of 2.24 and a beta of 1.20. CSX has a 12 month low of $31.43 and a 12 month high of $40.12. The company has a 50 day simple moving average of $34.26 and a two-hundred day simple moving average of $34.03. The company has a current ratio of 1.39, a quick ratio of 1.23 and a debt-to-equity ratio of 1.43.

CSX (NASDAQ:CSX) last posted its quarterly earnings results on Wednesday, October 16th. The transportation company reported $0.46 EPS for the quarter, missing the consensus estimate of $0.48 by ($0.02). The business had revenue of $3.62 billion during the quarter, compared to analysts’ expectations of $3.68 billion. CSX had a net margin of 24.77% and a return on equity of 28.92%. CSX’s revenue for the quarter was up 1.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.42 earnings per share. As a group, analysts predict that CSX will post 1.84 earnings per share for the current year.

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.