CSX Corporation (NASDAQ:CSX) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of CSX Corporation (NASDAQ:CSX) have earned an average recommendation of “Moderate Buy” from the twenty-five research firms that are presently covering the firm, MarketBeat.com reports. Seven equities research analysts have rated the stock with a hold rating and eighteen have issued a buy rating on the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $39.4167.

Several equities research analysts have recently weighed in on the stock. The Goldman Sachs Group increased their target price on shares of CSX from $35.00 to $37.00 and gave the company a “neutral” rating in a research note on Friday, October 17th. Citigroup reduced their price objective on shares of CSX from $42.00 to $41.00 and set a “buy” rating on the stock in a research report on Friday, January 23rd. UBS Group set a $45.00 price objective on shares of CSX and gave the stock a “buy” rating in a research note on Friday, October 17th. Wall Street Zen raised CSX from a “sell” rating to a “hold” rating in a research note on Saturday, October 18th. Finally, Stephens raised their price target on CSX from $39.00 to $41.00 and gave the stock an “overweight” rating in a research note on Monday, October 6th.

Insider Buying and Selling at CSX

In other news, CAO Diana B. Sorfleet sold 66,667 shares of the business’s stock in a transaction on Wednesday, January 28th. The shares were sold at an average price of $37.48, for a total transaction of $2,498,679.16. Following the completion of the sale, the chief accounting officer directly owned 170,777 shares of the company’s stock, valued at approximately $6,400,721.96. The trade was a 28.08% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.55% of the company’s stock.

Institutional Investors Weigh In On CSX

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CSX. Kingswood Wealth Advisors LLC boosted its position in CSX by 4.1% during the 3rd quarter. Kingswood Wealth Advisors LLC now owns 8,324 shares of the transportation company’s stock valued at $296,000 after acquiring an additional 331 shares in the last quarter. Moloney Securities Asset Management LLC lifted its stake in shares of CSX by 2.7% during the 3rd quarter. Moloney Securities Asset Management LLC now owns 13,048 shares of the transportation company’s stock worth $463,000 after purchasing an additional 339 shares during the last quarter. Stock Yards Bank & Trust Co. boosted its position in CSX by 0.9% during the second quarter. Stock Yards Bank & Trust Co. now owns 45,558 shares of the transportation company’s stock valued at $1,487,000 after purchasing an additional 400 shares in the last quarter. Gleason Group Inc. grew its stake in CSX by 19.1% in the fourth quarter. Gleason Group Inc. now owns 2,646 shares of the transportation company’s stock valued at $96,000 after purchasing an additional 425 shares during the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S raised its holdings in CSX by 0.7% in the third quarter. BI Asset Management Fondsmaeglerselskab A S now owns 74,920 shares of the transportation company’s stock worth $2,660,000 after purchasing an additional 510 shares in the last quarter. Institutional investors own 73.57% of the company’s stock.

CSX Price Performance

Shares of CSX stock opened at $37.87 on Friday. The stock has a market cap of $70.52 billion, a price-to-earnings ratio of 24.59, a price-to-earnings-growth ratio of 1.90 and a beta of 1.30. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.71 and a current ratio of 0.81. The stock has a 50 day moving average price of $36.19 and a 200-day moving average price of $35.23. CSX has a one year low of $26.22 and a one year high of $38.11.

CSX (NASDAQ:CSX) last released its quarterly earnings results on Thursday, January 22nd. The transportation company reported $0.39 earnings per share for the quarter, missing the consensus estimate of $0.41 by ($0.02). The company had revenue of $3.51 billion for the quarter, compared to analysts’ expectations of $3.59 billion. CSX had a net margin of 20.50% and a return on equity of 23.88%. The business’s quarterly revenue was down .9% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.42 EPS. Equities analysts expect that CSX will post 1.83 EPS for the current year.

About CSX

CSX Corporation is a leading North American transportation company that provides rail-based freight services and supply-chain solutions. Its operating subsidiary, CSX Transportation, moves a wide range of goods for customers across multiple industries, using a combination of long-haul rail service, intermodal operations and terminal and yard services. The company focuses on delivering efficient, reliable freight transportation between major production centers, consumption markets and port gateways.

CSX’s freight portfolio includes intermodal containers and trailers, bulk commodities, industrial products and specialized unit trains.