CSX (NASDAQ:CSX) Price Target Lowered to $37.00 at JPMorgan Chase & Co.

CSX (NASDAQ:CSX - Get Free Report) had its target price decreased by analysts at JPMorgan Chase & Co. from $38.00 to $37.00 in a report released on Friday,Benzinga reports. The brokerage presently has an "overweight" rating on the transportation company's stock. JPMorgan Chase & Co.'s price objective indicates a potential upside of 13.18% from the stock's current price.

Several other research firms have also recently issued reports on CSX. Stephens reaffirmed an "overweight" rating and set a $38.00 price objective on shares of CSX in a research report on Friday. Wells Fargo & Company dropped their price target on shares of CSX from $36.00 to $34.00 and set an "equal weight" rating on the stock in a research note on Friday. TD Cowen reduced their price objective on shares of CSX from $36.00 to $35.00 and set a "hold" rating for the company in a research report on Thursday, October 17th. Stifel Nicolaus dropped their target price on shares of CSX from $39.00 to $37.00 and set a "buy" rating on the stock in a research report on Thursday, October 17th. Finally, Loop Capital reduced their price target 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. Six investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $37.68.

CSX Stock Down 2.9 %

CSX stock traded down $0.98 during trading on Friday, reaching $32.69. The stock had a trading volume of 25,129,362 shares, compared to its average volume of 11,100,801. The company has a quick ratio of 1.23, a current ratio of 1.39 and a debt-to-equity ratio of 1.43. CSX has a 52-week low of $31.43 and a 52-week high of $40.12. The stock has a market cap of $63.04 billion, a PE ratio of 17.58, a P/E/G ratio of 2.06 and a beta of 1.22. The business has a 50 day moving average price of $33.53 and a 200 day moving average price of $33.94.

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 the consensus estimate of $0.44 by ($0.02). CSX had a return on equity of 28.92% and a net margin of 24.77%. On average, analysts predict that CSX will post 1.83 EPS for the current year.

Hedge Funds Weigh In On CSX

Several institutional investors and hedge funds have recently added to or reduced their stakes in CSX. Avior Wealth Management LLC boosted its holdings in CSX by 2.5% during the third quarter. Avior Wealth Management LLC now owns 11,790 shares of the transportation company's stock worth $407,000 after buying an additional 293 shares in the last quarter. Lake Street Advisors Group LLC grew its holdings in shares of CSX by 1.8% in the 3rd quarter. Lake Street Advisors Group LLC now owns 17,246 shares of the transportation company's stock worth $595,000 after acquiring an additional 306 shares during the period. Rehmann Capital Advisory Group increased its stake in CSX by 1.3% in the 3rd quarter. Rehmann Capital Advisory Group now owns 23,990 shares of the transportation company's stock valued at $830,000 after purchasing an additional 306 shares in the last quarter. J.W. Cole Advisors Inc. raised its holdings in CSX by 0.9% during the third quarter. J.W. Cole Advisors Inc. now owns 35,401 shares of the transportation company's stock worth $1,222,000 after purchasing an additional 309 shares during the last quarter. Finally, Associated Banc Corp boosted its position in CSX by 0.6% during the third quarter. Associated Banc Corp now owns 55,534 shares of the transportation company's stock worth $1,918,000 after purchasing an additional 310 shares in the last quarter. 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.