CSX (NASDAQ:CSX) Given “Outperform” Rating at Raymond James

Raymond James reiterated their outperform rating on shares of CSX (NASDAQ:CSX) in a research report released on Friday morning,Benzinga reports. Raymond James currently has a $37.00 price objective on the transportation company’s stock, down from their previous price objective of $38.00.

CSX has been the topic of a number of other reports. Robert W. Baird dropped their target price on CSX from $39.00 to $38.00 and set an “outperform” rating on the stock in a research report on Friday. Wells Fargo & Company lowered their price objective on CSX from $36.00 to $34.00 and set an “equal weight” rating on the stock in a report on Friday. Evercore ISI lowered their price objective on CSX from $38.00 to $37.00 and set an “outperform” rating on the stock in a report on Thursday, October 17th. Stifel Nicolaus lowered their price objective on CSX from $39.00 to $37.00 and set a “buy” rating on the stock in a report on Thursday, October 17th. Finally, Stephens reiterated an “overweight” rating and issued a $38.00 price objective on shares of CSX in a report on Friday. Six analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, CSX currently has a consensus rating of “Moderate Buy” and a consensus target price of $37.68.

CSX Stock Performance

NASDAQ CSX opened at $32.69 on Friday. The stock has a 50-day simple moving average of $33.58 and a two-hundred day simple moving average of $33.95. The firm has a market capitalization of $63.04 billion, a P/E ratio of 17.58, a PEG ratio of 2.06 and a beta of 1.22. CSX has a fifty-two week low of $31.43 and a fifty-two week high of $40.12. The company has a debt-to-equity ratio of 1.43, a quick ratio of 1.23 and a current ratio of 1.39.

CSX (NASDAQ:CSX) last released its quarterly earnings data on Thursday, January 23rd. The transportation company reported $0.42 earnings per share for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.02). CSX had a net margin of 24.77% and a return on equity of 28.92%. On average, equities analysts forecast that CSX will post 1.83 earnings per share for the current year.

Institutional Trading of CSX

Institutional investors have recently made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. raised its position in shares of CSX by 20.8% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 467,399 shares of the transportation company’s stock valued at $16,139,000 after buying an additional 80,423 shares during the period. Diversified Trust Co raised its position in CSX by 180.7% in the fourth quarter. Diversified Trust Co now owns 72,197 shares of the transportation company’s stock valued at $2,330,000 after purchasing an additional 46,473 shares during the period. Thrivent Financial for Lutherans raised its position in CSX by 0.7% in the third quarter. Thrivent Financial for Lutherans now owns 3,374,499 shares of the transportation company’s stock valued at $116,521,000 after purchasing an additional 24,430 shares during the period. Carnegie Investment Counsel raised its position in CSX by 1.4% in the fourth quarter. Carnegie Investment Counsel now owns 612,051 shares of the transportation company’s stock valued at $19,751,000 after purchasing an additional 8,474 shares during the period. Finally, Principal Financial Group Inc. raised its position in CSX by 3.4% in the third quarter. Principal Financial Group Inc. now owns 2,348,543 shares of the transportation company’s stock valued at $81,095,000 after purchasing an additional 77,488 shares during the period. Hedge funds and other institutional investors own 73.57% of the company’s stock.

CSX Company Profile

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.