Susquehanna Reaffirms “Neutral” Rating for CSX (NASDAQ:CSX)

CSX (NASDAQ:CSX)‘s stock had its “neutral” rating reaffirmed by equities research analysts at Susquehanna in a report released on Tuesday, Marketbeat.com reports. They presently have a $35.00 price target on the transportation company’s stock. Susquehanna’s price objective would suggest a potential upside of 7.73% from the company’s current price.

A number of other brokerages also recently issued reports on CSX. Benchmark reaffirmed a “buy” rating and set a $35.00 price target on shares of CSX in a report on Thursday, April 17th. Evercore ISI dropped their price objective on shares of CSX from $35.00 to $33.00 and set an “outperform” rating on the stock in a report on Thursday, April 17th. Wells Fargo & Company dropped their price objective on shares of CSX from $31.00 to $28.00 and set an “equal weight” rating on the stock in a report on Thursday, April 17th. UBS Group dropped their price objective on shares of CSX from $36.00 to $34.00 and set a “buy” rating on the stock in a report on Thursday, April 17th. Finally, Royal Bank Of Canada dropped their price objective on shares of CSX from $31.00 to $30.00 and set a “sector perform” rating on the stock in a report on Thursday, April 17th. Nine investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $34.14.

CSX Stock Performance

Shares of CSX stock opened at $32.49 on Tuesday. CSX has a one year low of $26.22 and a one year high of $37.10. The company’s 50-day moving average is $30.44 and its 200 day moving average is $31.08. The company has a market capitalization of $61.03 billion, a price-to-earnings ratio of 19.46, a price-to-earnings-growth ratio of 2.85 and a beta of 1.24. The company has a debt-to-equity ratio of 1.52, a quick ratio of 0.75 and a current ratio of 0.88.

CSX (NASDAQ:CSX) last announced its quarterly earnings results on Wednesday, April 16th. The transportation company reported $0.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.05). The company had revenue of $3.42 billion for the quarter, compared to analysts’ expectations of $3.53 billion. CSX had a net margin of 22.66% and a return on equity of 26.42%. Sell-side analysts expect that CSX will post 1.83 EPS for the current fiscal year.

Institutional Investors Weigh In On CSX

Several large investors have recently bought and sold shares of CSX. Marshall & Sterling Wealth Advisors Inc. purchased a new stake in CSX during the fourth quarter valued at $27,000. Accredited Wealth Management LLC purchased a new stake in CSX during the fourth quarter valued at $29,000. Fourth Dimension Wealth LLC purchased a new stake in CSX during the fourth quarter valued at $29,000. SBI Securities Co. Ltd. purchased a new stake in CSX during the fourth quarter valued at $31,000. Finally, Barnes Dennig Private Wealth Management LLC purchased a new stake in CSX during the first quarter valued at $30,000. Institutional investors 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.