CSX (NASDAQ:CSX) had its price target decreased by analysts at Deutsche Bank from $89.00 to $87.00 in a research note issued on Wednesday, BenzingaRatingsTable reports. The firm currently has a “buy” rating on the transportation company’s stock. Deutsche Bank’s price target suggests a potential upside of 10.42% from the company’s current price.
CSX has been the topic of a number of other research reports. BidaskClub upgraded CSX from a “buy” rating to a “strong-buy” rating in a report on Thursday, February 14th. TD Securities raised their price target on CSX from $79.00 to $81.00 and gave the stock a “hold” rating in a research report on Wednesday, April 17th. Zacks Investment Research raised CSX from a “hold” rating to a “buy” rating and set a $82.00 price target on the stock in a research report on Wednesday, February 27th. Stifel Nicolaus set a $80.00 price target on CSX and gave the stock a “hold” rating in a research report on Wednesday, April 17th. Finally, SNS Securities lowered CSX from a “positive” rating to a “neutral” rating in a research report on Wednesday, April 3rd. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $79.41.
Shares of CSX opened at $78.79 on Wednesday. The company has a current ratio of 1.81, a quick ratio of 1.68 and a debt-to-equity ratio of 1.27. CSX has a 1 year low of $58.47 and a 1 year high of $80.73. The stock has a market cap of $63.17 billion, a price-to-earnings ratio of 20.52, a P/E/G ratio of 1.33 and a beta of 1.27.
CSX (NASDAQ:CSX) last issued its earnings results on Tuesday, April 16th. The transportation company reported $1.02 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.91 by $0.11. CSX had a return on equity of 26.13% and a net margin of 27.84%. The firm had revenue of $3.01 billion for the quarter, compared to analysts’ expectations of $3 billion. During the same quarter last year, the business earned $0.78 earnings per share. The company’s revenue was up 4.8% compared to the same quarter last year. As a group, equities analysts predict that CSX will post 4.35 earnings per share for the current year.
In related news, VP Angela C. Williams sold 9,560 shares of CSX stock in a transaction that occurred on Thursday, April 18th. The stock was sold at an average price of $79.14, for a total value of $756,578.40. Following the sale, the vice president now owns 14,607 shares of the company’s stock, valued at approximately $1,155,997.98. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 4.83% of the stock is currently owned by company insiders.
Several large investors have recently bought and sold shares of CSX. Virtus ETF Advisers LLC increased its holdings in CSX by 117.1% in the 4th quarter. Virtus ETF Advisers LLC now owns 445 shares of the transportation company’s stock worth $28,000 after purchasing an additional 240 shares in the last quarter. Larson Financial Group LLC acquired a new position in CSX in the 4th quarter worth about $28,000. Liberty Wealth Management LLC acquired a new position in CSX in the 4th quarter worth about $28,000. Karp Capital Management Corp acquired a new position in CSX in the 4th quarter worth about $30,000. Finally, Berman Capital Advisors LLC acquired a new position in CSX in the 4th quarter worth about $35,000. 75.71% of the stock is currently owned by hedge funds and other institutional investors.
CSX Corporation, together with its subsidiaries, provides rail-based freight transportation services. The company offers rail services, as well as transports intermodal containers and trailers. It transports chemicals, automotive, agricultural and food products, minerals, fertilizers, forest products, and metals and equipment; and coal, coke, and iron ore to electricity-generating power plants, steel manufacturers, and industrial plants.
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