CSX (NASDAQ:CSX – Get Free Report)’s stock had its “sector perform” rating reiterated by stock analysts at Royal Bank of Canada in a research report issued on Thursday, Benzinga reports. They presently have a $34.00 price objective on the transportation company’s stock. Royal Bank of Canada’s price objective indicates a potential downside of 0.58% from the company’s current price.
Several other equities research analysts also recently issued reports on the company. Raymond James increased their price target on CSX from $35.00 to $38.00 and gave the stock an “outperform” rating in a report on Tuesday, January 16th. BMO Capital Markets lifted their price objective on shares of CSX from $37.00 to $38.00 and gave the stock an “outperform” rating in a research report on Thursday. Susquehanna raised shares of CSX from a “neutral” rating to a “positive” rating in a research report on Monday, January 8th. Stifel Nicolaus dropped their target price on shares of CSX from $38.00 to $37.00 and set a “buy” rating for the company in a research report on Thursday. Finally, Barclays decreased their price objective on shares of CSX from $40.00 to $38.00 in a research note on Wednesday, October 4th. Four investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $36.17.
CSX Price Performance
CSX stock traded down $0.19 during trading on Thursday, hitting $34.20. The company had a trading volume of 7,584,322 shares, compared to its average volume of 10,504,388. The company has a fifty day moving average price of $33.81 and a two-hundred day moving average price of $32.09. CSX has a fifty-two week low of $27.60 and a fifty-two week high of $35.09. The company has a market cap of $67.58 billion, a P/E ratio of 18.15, a P/E/G ratio of 2.59 and a beta of 1.18. The company has a current ratio of 1.14, a quick ratio of 1.00 and a debt-to-equity ratio of 1.50.
CSX (NASDAQ:CSX – Get Free Report) last posted its quarterly earnings data on Tuesday, January 23rd. The transportation company reported $0.45 earnings per share for the quarter, topping the consensus estimate of $0.44 by $0.01. CSX had a net margin of 26.16% and a return on equity of 31.28%. The company had revenue of $3.68 billion during the quarter, compared to analyst estimates of $3.63 billion. During the same quarter last year, the business posted $0.49 earnings per share. The company’s revenue was down 1.3% on a year-over-year basis. Equities research analysts expect that CSX will post 1.83 earnings per share for the current fiscal year.
Institutional Investors Weigh In On CSX
A number of institutional investors and hedge funds have recently bought and sold shares of CSX. Value Partners Investments Inc. purchased a new stake in CSX during the third quarter worth about $1,172,000. Prospera Financial Services Inc increased its position in CSX by 36.6% in the second quarter. Prospera Financial Services Inc now owns 24,343 shares of the transportation company’s stock worth $831,000 after buying an additional 6,527 shares during the last quarter. National Bank of Canada FI lifted its position in shares of CSX by 142.9% during the 3rd quarter. National Bank of Canada FI now owns 3,278,601 shares of the transportation company’s stock valued at $100,147,000 after buying an additional 1,928,891 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of CSX by 11.4% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 6,626,692 shares of the transportation company’s stock worth $203,771,000 after acquiring an additional 680,632 shares during the period. Finally, TD Asset Management Inc increased its holdings in CSX by 12.0% in the 3rd quarter. TD Asset Management Inc now owns 1,627,925 shares of the transportation company’s stock worth $50,059,000 after acquiring an additional 173,974 shares during the last quarter. 72.76% of the stock is owned by hedge funds and other institutional investors.
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 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.