Citigroup Cuts CSX (NASDAQ:CSX) Price Target to $36.00

CSX (NASDAQ:CSX - Get Free Report) had its price objective cut by equities research analysts at Citigroup from $39.00 to $36.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm currently has a "buy" rating on the transportation company's stock. Citigroup's target price indicates a potential upside of 28.53% from the company's current price.

Several other equities analysts have also weighed in on the stock. Robert W. Baird cut their price objective on shares of CSX from $39.00 to $38.00 and set an "outperform" rating on the stock in a research report on Friday, January 24th. Benchmark reaffirmed a "buy" rating and issued a $38.00 price objective on shares of CSX in a research note on Monday, January 27th. UBS Group lowered their target price on shares of CSX from $39.00 to $36.00 and set a "buy" rating on the stock in a research report on Wednesday, April 2nd. Jefferies Financial Group raised CSX from a "hold" rating to a "buy" rating and set a $37.00 price target for the company in a research report on Friday, January 10th. Finally, BMO Capital Markets cut their price objective on CSX from $40.00 to $38.00 and set an "outperform" rating on the stock in a research note on Friday, January 24th. Seven analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat.com, CSX presently has an average rating of "Moderate Buy" and a consensus price target of $35.70.

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CSX Stock Up 0.7 %

CSX stock traded up $0.19 during midday trading on Tuesday, reaching $28.01. The company had a trading volume of 15,001,822 shares, compared to its average volume of 12,672,219. The company has a 50 day moving average of $30.58 and a two-hundred day moving average of $32.72. The company has a current ratio of 0.86, a quick ratio of 1.23 and a debt-to-equity ratio of 1.43. CSX has a 1 year low of $26.22 and a 1 year high of $37.10. The company has a market capitalization of $52.79 billion, a P/E ratio of 15.65, a PEG ratio of 1.92 and a beta of 1.23.

CSX (NASDAQ:CSX - Get Free Report) last released its quarterly earnings data on Thursday, January 23rd. The transportation company reported $0.42 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.44 by ($0.02). CSX had a net margin of 23.95% and a return on equity of 28.15%. On average, equities research analysts expect that CSX will post 1.83 earnings per share for the current fiscal year.

Institutional Investors Weigh In On CSX

A number of institutional investors have recently bought and sold shares of CSX. Butensky & Cohen Financial Security Inc. lifted its holdings in shares of CSX by 2.1% during the 1st quarter. Butensky & Cohen Financial Security Inc. now owns 117,247 shares of the transportation company's stock worth $3,451,000 after acquiring an additional 2,359 shares during the period. Verum Partners LLC acquired a new position in CSX in the first quarter worth about $206,000. Procyon Advisors LLC lifted its stake in CSX by 3.5% during the first quarter. Procyon Advisors LLC now owns 83,470 shares of the transportation company's stock worth $2,457,000 after purchasing an additional 2,804 shares during the period. Intellectus Partners LLC boosted its holdings in CSX by 4.1% during the first quarter. Intellectus Partners LLC now owns 45,020 shares of the transportation company's stock valued at $1,325,000 after purchasing an additional 1,766 shares in the last quarter. Finally, Curat Global LLC bought a new stake in shares of CSX in the 1st quarter valued at approximately $1,510,000. Institutional investors and hedge funds 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.