Analysts Set CSX Co. (NASDAQ:CSX) Price Target at $38.65

Shares of CSX Co. (NASDAQ:CSX) have earned a consensus rating of “Moderate Buy” from the nineteen research firms that are covering the firm, MarketBeat Ratings reports. Five analysts have rated the stock with a hold recommendation and fourteen have issued a buy recommendation on the company. The average 12 month price target among brokerages that have covered the stock in the last year is $37.68.

Several research firms recently commented on CSX. TD Cowen cut their target price on shares of CSX from $36.00 to $35.00 and set a “hold” rating on the stock in a research report on Thursday, October 17th. Stifel Nicolaus reduced their price target on CSX from $39.00 to $37.00 and set a “buy” rating on the stock in a research report on Thursday, October 17th. Susquehanna lowered their price objective on CSX from $40.00 to $39.00 and set a “positive” rating for the company in a research report on Wednesday, January 8th. Raymond James reiterated an “outperform” rating and issued a $37.00 target price (down from $38.00) on shares of CSX in a report on Friday. Finally, Robert W. Baird lowered their price target on shares of CSX from $39.00 to $38.00 and set an “outperform” rating for the company in a report on Friday.

CSX Stock Down 2.9 %

Shares of NASDAQ:CSX opened at $32.69 on Monday. CSX has a 52-week low of $31.43 and a 52-week high of $40.12. The company has a market capitalization of $63.04 billion, a PE ratio of 17.58, a price-to-earnings-growth ratio of 2.06 and a beta of 1.22. The company has a debt-to-equity ratio of 1.43, a quick ratio of 1.23 and a current ratio of 1.39. The company has a fifty day moving average of $33.53 and a 200-day moving average of $33.95.

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

Institutional Investors Weigh In On CSX

Several hedge funds and other institutional investors have recently modified their holdings of CSX. Itau Unibanco Holding S.A. bought a new stake in CSX during the 2nd quarter valued at $26,000. Valley Wealth Managers Inc. increased its position in shares of CSX by 177.8% during the third quarter. Valley Wealth Managers Inc. now owns 750 shares of the transportation company’s stock worth $26,000 after acquiring an additional 480 shares in the last quarter. Morton Brown Family Wealth LLC acquired a new stake in shares of CSX in the 3rd quarter worth about $31,000. Fairscale Capital LLC bought a new position in CSX in the 2nd quarter valued at about $32,000. Finally, Addison Advisors LLC boosted its stake in CSX by 348.5% during the 3rd quarter. Addison Advisors LLC now owns 1,045 shares of the transportation company’s stock valued at $36,000 after purchasing an additional 812 shares during the last quarter. 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.