CSX (NASDAQ:CSX) Stock Rating Reaffirmed by Benchmark

CSX (NASDAQ:CSX)‘s stock had its “buy” rating reissued by Benchmark in a research note issued to investors on Thursday, Benzinga reports. They presently have a $40.00 target price on the transportation company’s stock. Benchmark’s price objective would suggest a potential upside of 16.48% from the stock’s current price.

CSX has been the subject of several other reports. Raymond James lifted their price objective on CSX from $35.00 to $38.00 and gave the company an “outperform” rating in a report on Tuesday, January 16th. Bank of America lowered their price target on CSX from $40.00 to $39.00 and set a “buy” rating for the company in a report on Thursday. Susquehanna boosted their price target on CSX from $42.00 to $44.00 and gave the stock a “positive” rating in a report on Thursday, March 28th. TD Cowen boosted their price target on CSX from $32.00 to $36.00 and gave the stock a “market perform” rating in a report on Thursday, January 25th. Finally, Stifel Nicolaus boosted their price target on CSX from $37.00 to $39.00 and gave the stock a “buy” rating in a report on Friday, April 12th. Five investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat, CSX presently has a consensus rating of “Moderate Buy” and an average target price of $37.72.

CSX Price Performance

Shares of NASDAQ CSX opened at $34.34 on Thursday. The stock has a market capitalization of $67.22 billion, a PE ratio of 18.87, a P/E/G ratio of 1.97 and a beta of 1.18. The company has a debt-to-equity ratio of 1.48, a current ratio of 1.05 and a quick ratio of 0.91. The business has a fifty day moving average price of $36.88 and a two-hundred day moving average price of $34.35. CSX has a fifty-two week low of $29.03 and a fifty-two week high of $40.12.

CSX (NASDAQ:CSX) last announced its quarterly earnings data on Wednesday, April 17th. The transportation company reported $0.46 earnings per share for the quarter, beating the consensus estimate of $0.45 by $0.01. The firm had revenue of $3.68 billion during the quarter, compared to analysts’ expectations of $3.66 billion. CSX had a return on equity of 29.88% and a net margin of 24.75%. The company’s quarterly revenue was down .8% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.48 EPS. As a group, equities analysts predict that CSX will post 1.97 earnings per share for the current fiscal year.

Institutional Investors Weigh In On CSX

Institutional investors have recently made changes to their positions in the stock. Value Partners Investments Inc. bought a new stake in shares of CSX in the 3rd quarter valued at about $1,172,000. Morgan Stanley boosted its position in shares of CSX by 3.1% during the 3rd quarter. Morgan Stanley now owns 24,340,514 shares of the transportation company’s stock valued at $748,471,000 after purchasing an additional 739,411 shares in the last quarter. International Assets Investment Management LLC boosted its position in shares of CSX by 3,241.9% during the 4th quarter. International Assets Investment Management LLC now owns 235,304 shares of the transportation company’s stock valued at $8,158,000 after purchasing an additional 228,263 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of CSX by 5.0% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 723,344 shares of the transportation company’s stock valued at $25,078,000 after purchasing an additional 34,730 shares in the last quarter. Finally, Sapient Capital LLC bought a new stake in shares of CSX during the 4th quarter valued at about $1,279,000. 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.