Barclays Cuts CSX (NASDAQ:CSX) Price Target to $31.00

CSX (NASDAQ:CSX - Get Free Report) had its price target lowered by research analysts at Barclays from $35.00 to $31.00 in a report released on Thursday,Benzinga reports. The firm currently has an "overweight" rating on the transportation company's stock. Barclays's price target suggests a potential upside of 11.59% from the company's current price.

CSX has been the topic of several other research reports. UBS Group dropped their target price on CSX from $39.00 to $36.00 and set a "buy" rating on the stock in a report on Wednesday, April 2nd. Wells Fargo & Company decreased their target price on CSX from $34.00 to $31.00 and set an "equal weight" rating for the company in a research note on Thursday, March 27th. Raymond James cut their price target on shares of CSX from $37.00 to $34.00 and set an "outperform" rating for the company in a report on Friday, April 11th. Susquehanna lowered their price objective on shares of CSX from $37.00 to $35.00 and set a "positive" rating on the stock in a research note on Thursday, April 17th. Finally, Jefferies Financial Group reduced their target price on shares of CSX from $37.00 to $33.00 and set a "buy" rating for the company in a report on Wednesday, April 9th. Seven equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $33.95.

CSX Stock Performance

CSX stock traded up $0.32 during trading on Thursday, reaching $27.78. 13,606,530 shares of the company's stock were exchanged, compared to its average volume of 12,737,386. CSX has a 1-year low of $26.22 and a 1-year high of $37.10. The firm has a market cap of $52.36 billion, a PE ratio of 15.52, a P/E/G ratio of 1.92 and a beta of 1.23. The company's fifty day moving average price is $29.96 and its 200-day moving average price is $32.43. The company has a quick ratio of 1.23, a current ratio of 0.86 and a debt-to-equity ratio of 1.43.

CSX (NASDAQ:CSX - Get Free Report) last posted its quarterly earnings data on Wednesday, April 16th. The transportation company reported $0.34 earnings per share for the quarter, missing the consensus estimate of $0.39 by ($0.05). The company had revenue of $3.42 billion during the quarter, compared to analyst estimates of $3.53 billion. CSX had a return on equity of 28.15% and a net margin of 23.95%. On average, research analysts expect that CSX will post 1.83 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Marshall & Sterling Wealth Advisors Inc. bought a new stake in shares of CSX in the 4th quarter valued at approximately $27,000. Accredited Wealth Management LLC acquired a new stake in CSX in the fourth quarter valued at approximately $29,000. Fourth Dimension Wealth LLC bought a new stake in CSX in the fourth quarter worth approximately $29,000. SBI Securities Co. Ltd. acquired a new position in shares of CSX during the 4th quarter worth $31,000. Finally, Sierra Ocean LLC bought a new position in shares of CSX during the 4th quarter valued at $33,000. Hedge funds and other institutional investors own 73.57% of the company's stock.

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.