Investment analysts at Deutsche Bank Aktiengesellschaft began coverage on shares of CSX (NASDAQ:CSX - Get Free Report) in a research report issued on Friday, MarketBeat Ratings reports. The brokerage set a "hold" rating and a $34.00 price target on the transportation company's stock. Deutsche Bank Aktiengesellschaft's target price would indicate a potential upside of 8.77% from the stock's current price.
A number of other analysts have also commented on the company. Wells Fargo & Company cut their price target on CSX from $36.00 to $34.00 and set an "equal weight" rating on the stock in a research note on Friday, January 24th. Citigroup lowered their price objective on CSX from $40.00 to $39.00 and set a "buy" rating for the company in a research report on Friday, January 24th. Jefferies Financial Group upgraded CSX from a "hold" rating to a "buy" rating and set a $37.00 price objective for the company in a research report on Friday, January 10th. Loop Capital downgraded CSX from a "buy" rating to a "hold" rating and lowered their price objective for the stock from $40.00 to $34.00 in a research report on Monday, February 3rd. Finally, Raymond James restated an "outperform" rating and set a $37.00 price objective (down from $38.00) on shares of CSX in a research report on Friday, January 24th. Seven analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $37.00.
View Our Latest Stock Analysis on CSX
CSX Trading Up 1.1 %
Shares of CSX stock traded up $0.33 during mid-day trading on Friday, reaching $31.26. 19,422,389 shares of the stock traded hands, compared to its average volume of 11,630,004. The stock's fifty day simple moving average is $32.48 and its two-hundred day simple moving average is $33.62. CSX has a 1-year low of $30.55 and a 1-year high of $38.35. The company has a market cap of $59.23 billion, a price-to-earnings ratio of 17.46, a price-to-earnings-growth ratio of 1.92 and a beta of 1.25. 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 announced 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 23.95% and a return on equity of 28.15%. On average, research analysts anticipate that CSX will post 1.83 EPS for the current fiscal year.
Institutional Investors Weigh In On CSX
Hedge funds have recently added to or reduced their stakes in the company. Valley Wealth Managers Inc. grew its stake in CSX by 177.8% in the third quarter. Valley Wealth Managers Inc. now owns 750 shares of the transportation company's stock valued at $26,000 after acquiring an additional 480 shares during the period. Marshall & Sterling Wealth Advisors Inc. acquired a new stake in CSX in the fourth 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 acquired a new stake in CSX in the fourth quarter valued at approximately $29,000. Finally, SBI Securities Co. Ltd. acquired a new stake in CSX in the fourth quarter valued at approximately $31,000. Institutional investors and hedge funds own 73.57% of the company's stock.
CSX Company Profile
(
Get Free Report)
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.
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