CSX (NASDAQ:CSX) Given New $40.00 Price Target at Barclays

CSX (NASDAQ:CSX) had its target price decreased by analysts at Barclays from $41.00 to $40.00 in a report issued on Friday,Benzinga reports. The brokerage presently has an “overweight” rating on the transportation company’s stock. Barclays‘s target price suggests a potential upside of 21.56% from the stock’s current price.

A number of other analysts have also weighed in on the company. Stifel Nicolaus lowered their target price on CSX from $39.00 to $37.00 and set a “buy” rating for the company in a research note on Thursday, October 17th. Loop Capital decreased their price target on shares of CSX from $43.00 to $42.00 and set a “buy” rating on the stock in a research note on Thursday, October 17th. Evercore ISI dropped their price objective on shares of CSX from $38.00 to $37.00 and set an “outperform” rating for the company in a research report on Thursday, October 17th. Stephens decreased their price objective on CSX from $41.00 to $39.00 and set an “overweight” rating on the stock in a research report on Thursday, October 17th. Finally, Royal Bank of Canada decreased their price objective on CSX from $36.00 to $35.00 and set a “sector perform” rating for the company in a research report on Thursday, October 17th. Six research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $38.65.

CSX Price Performance

Shares of NASDAQ:CSX traded down $0.07 on Friday, hitting $32.91. The stock had a trading volume of 2,950,239 shares, compared to its average volume of 13,491,748. CSX has a twelve month low of $31.43 and a twelve month high of $40.12. The company has a market capitalization of $63.45 billion, a price-to-earnings ratio of 17.70, a price-to-earnings-growth ratio of 1.93 and a beta of 1.22. The firm’s 50 day moving average price is $33.94 and its 200-day moving average price is $33.97. 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 posted its earnings results on Wednesday, October 16th. The transportation company reported $0.46 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.02). CSX had a net margin of 24.77% and a return on equity of 28.92%. The firm had revenue of $3.62 billion during the quarter, compared to the consensus estimate of $3.68 billion. During the same quarter last year, the firm posted $0.42 EPS. The business’s revenue was up 1.3% on a year-over-year basis. On average, equities research analysts predict that CSX will post 1.83 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Valley Wealth Managers Inc. lifted its position in shares of CSX by 177.8% during the 3rd quarter. Valley Wealth Managers Inc. now owns 750 shares of the transportation company’s stock worth $26,000 after buying an additional 480 shares during the last quarter. Itau Unibanco Holding S.A. acquired a new stake in shares of CSX in the 2nd quarter valued at approximately $26,000. Fairscale Capital LLC bought a new stake in shares of CSX during the 2nd quarter valued at approximately $32,000. Morton Brown Family Wealth LLC acquired a new position in CSX during the 3rd quarter worth approximately $31,000. Finally, Addison Advisors LLC increased its position in CSX by 348.5% during the 3rd quarter. Addison Advisors LLC now owns 1,045 shares of the transportation company’s stock worth $36,000 after purchasing an additional 812 shares in the last quarter. 73.57% of the stock is currently owned by institutional investors and hedge funds.

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.