CSX Co. (NASDAQ:CSX) Receives Average Rating of "Moderate Buy" from Brokerages

Shares of CSX Co. (NASDAQ:CSX - Get Free Report) have received a consensus rating of "Moderate Buy" from the seventeen brokerages that are presently covering the firm, MarketBeat Ratings reports. Five investment analysts have rated the stock with a hold recommendation and twelve have given a buy recommendation to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $38.65.

A number of brokerages have recently weighed in on CSX. Evercore ISI lowered their target price on CSX from $38.00 to $37.00 and set an "outperform" rating for the company in a research note on Thursday, October 17th. Citigroup boosted their target price on shares of CSX from $42.00 to $44.00 and gave the stock a "buy" rating in a research note on Tuesday, November 12th. Barclays decreased their price target on shares of CSX from $41.00 to $40.00 and set an "overweight" rating on the stock in a research note on Friday. Wells Fargo & Company dropped their price objective on shares of CSX from $35.00 to $34.00 and set an "equal weight" rating for the company in a research report on Thursday, October 17th. Finally, Susquehanna decreased their price objective on CSX from $40.00 to $39.00 and set a "positive" rating on the stock in a research report on Wednesday, January 8th.

Institutional Investors Weigh In On CSX

Several large investors have recently modified their holdings of the business. Valley Wealth Managers Inc. raised its holdings in shares of CSX by 177.8% during the third quarter. Valley Wealth Managers Inc. now owns 750 shares of the transportation company's stock worth $26,000 after acquiring an additional 480 shares during the period. Itau Unibanco Holding S.A. acquired a new stake in shares of CSX in the 2nd quarter valued at about $26,000. Fairscale Capital LLC bought a new stake in shares of CSX in the second quarter valued at about $32,000. Morton Brown Family Wealth LLC acquired a new position in shares of CSX during the third quarter worth about $31,000. Finally, Addison Advisors LLC boosted its position in shares of CSX by 348.5% during the third quarter. Addison Advisors LLC now owns 1,045 shares of the transportation company's stock worth $36,000 after buying an additional 812 shares during the period. 73.57% of the stock is currently owned by institutional investors.

CSX Price Performance

Shares of NASDAQ:CSX traded down $0.24 during trading on Monday, reaching $32.73. The stock had a trading volume of 20,683,825 shares, compared to its average volume of 9,942,721. The stock has a market capitalization of $63.12 billion, a PE ratio of 17.60, a P/E/G ratio of 1.93 and a beta of 1.22. CSX has a 52 week low of $31.43 and a 52 week high of $40.12. The business's 50-day moving average price is $33.82 and its 200 day moving average price is $33.96. The company has a debt-to-equity ratio of 1.43, a current ratio of 1.39 and a quick ratio of 1.23.

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.