CSX’s (CSX) Outperform Rating Reaffirmed at Raymond James

CSX (NASDAQ:CSX)‘s stock had its “outperform” rating reiterated by equities research analysts at Raymond James in a research report issued to clients and investors on Friday,Benzinga reports. They presently have a $37.00 target price on the transportation company’s stock, down from their previous target price of $38.00. Raymond James’ price objective points to a potential upside of 13.04% from the company’s previous close.

Other research analysts have also issued reports about the stock. Barclays lowered their price objective on shares of CSX from $40.00 to $38.00 and set an “overweight” rating on the stock in a research note on Friday. TD Cowen reduced their target price on CSX from $36.00 to $35.00 and set a “hold” rating for the company in a research note on Thursday, October 17th. BMO Capital Markets dropped their price target on CSX from $40.00 to $38.00 and set an “outperform” rating on the stock in a research note on Friday. Loop Capital reduced their price objective on shares of CSX from $43.00 to $42.00 and set a “buy” rating for the company in a research report on Thursday, October 17th. Finally, Susquehanna cut their target price on shares of CSX from $40.00 to $39.00 and set a “positive” rating for the company in a research note on Wednesday, January 8th. Six equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $37.79.

CSX Trading Down 2.8 %

Shares of CSX traded down $0.94 during trading hours on Friday, reaching $32.73. The stock had a trading volume of 13,474,600 shares, compared to its average volume of 14,671,337. The company has a market cap of $63.12 billion, a P/E ratio of 17.59, a P/E/G ratio of 2.06 and a beta of 1.22. The company has a quick ratio of 1.23, a current ratio of 1.39 and a debt-to-equity ratio of 1.43. The firm has a 50-day moving average of $33.58 and a 200 day moving average of $33.95. CSX has a 52 week low of $31.43 and a 52 week high of $40.12.

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

Hedge Funds Weigh In On CSX

Several large investors have recently bought and sold shares of the company. Valley Wealth Managers Inc. grew 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 period. Morton Brown Family Wealth LLC acquired a new stake in CSX in the third quarter worth $31,000. Addison Advisors LLC increased its stake in CSX by 348.5% in the third 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 in the last quarter. Fortitude Family Office LLC raised its holdings in shares of CSX by 43.4% during the third quarter. Fortitude Family Office LLC now owns 1,110 shares of the transportation company’s stock valued at $38,000 after purchasing an additional 336 shares during the period. Finally, Synergy Asset Management LLC acquired a new stake in shares of CSX in the 4th quarter valued at about $41,000. 73.57% of the stock is currently owned by institutional investors.

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.