CSX (NASDAQ:CSX) Price Target Lowered to $39.00 at Susquehanna

CSX (NASDAQ:CSX - Get Free Report) had its target price dropped by equities research analysts at Susquehanna from $40.00 to $39.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm presently has a "positive" rating on the transportation company's stock. Susquehanna's target price would suggest a potential upside of 21.12% from the stock's current price.

A number of other equities research analysts have also issued reports on CSX. Stifel Nicolaus cut their target price on CSX from $39.00 to $37.00 and set a "buy" rating on the stock in a research report on Thursday, October 17th. Citigroup boosted their price objective on CSX from $42.00 to $44.00 and gave the stock a "buy" rating in a report on Tuesday, November 12th. Stephens decreased their target price on shares of CSX from $41.00 to $39.00 and set an "overweight" rating for the company in a report on Thursday, October 17th. Loop Capital cut their price target on shares of CSX from $43.00 to $42.00 and set a "buy" rating on the stock in a report on Thursday, October 17th. Finally, Barclays raised their price objective on shares of CSX from $40.00 to $41.00 and gave the stock an "overweight" rating in a research note on Wednesday, November 13th. Seven investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $38.72.

CSX Price Performance

NASDAQ CSX traded up $0.01 on Wednesday, reaching $32.20. The company's stock had a trading volume of 9,682,227 shares, compared to its average volume of 13,502,846. CSX has a twelve month low of $31.43 and a twelve month high of $40.12. The company has a debt-to-equity ratio of 1.43, a quick ratio of 1.23 and a current ratio of 1.39. The firm's 50 day moving average is $34.12 and its two-hundred day moving average is $33.99. The stock has a market cap of $62.10 billion, a PE ratio of 17.31, a PEG ratio of 2.24 and a beta of 1.22.

CSX (NASDAQ:CSX - Get Free Report) last released its earnings results on Wednesday, October 16th. The transportation company reported $0.46 EPS for the quarter, missing the consensus estimate of $0.48 by ($0.02). The business had revenue of $3.62 billion for the quarter, compared to analyst estimates of $3.68 billion. CSX had a net margin of 24.77% and a return on equity of 28.92%. The firm's revenue for the quarter was up 1.3% on a year-over-year basis. During the same period in the prior year, the company earned $0.42 earnings per share. As a group, sell-side analysts predict that CSX will post 1.84 EPS for the current year.

Hedge Funds Weigh In On CSX

A number of hedge funds have recently added to or reduced their stakes in CSX. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of CSX by 20.8% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 467,399 shares of the transportation company's stock valued at $16,139,000 after acquiring an additional 80,423 shares in the last quarter. Diversified Trust Co raised its position in shares of CSX by 180.7% in the fourth quarter. Diversified Trust Co now owns 72,197 shares of the transportation company's stock valued at $2,330,000 after purchasing an additional 46,473 shares during the period. Thrivent Financial for Lutherans lifted its stake in shares of CSX by 0.7% in the third quarter. Thrivent Financial for Lutherans now owns 3,374,499 shares of the transportation company's stock worth $116,521,000 after buying an additional 24,430 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in shares of CSX by 3.4% during the 3rd quarter. Principal Financial Group Inc. now owns 2,348,543 shares of the transportation company's stock worth $81,095,000 after buying an additional 77,488 shares during the period. Finally, William B. Walkup & Associates Inc. acquired a new position in CSX in the 2nd quarter valued at $867,000. 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.