CSX (NASDAQ:CSX) Price Target Lowered to $40.00 at Barclays

CSX (NASDAQ:CSX - Free Report) had its price target lowered by Barclays from $41.00 to $40.00 in a research report report published on Friday,Benzinga reports. The firm currently has an overweight rating on the transportation company's stock.

CSX has been the subject of several other research reports. Evercore ISI decreased their target price on CSX from $38.00 to $37.00 and set an "outperform" rating for the company in a research report on Thursday, October 17th. Wells Fargo & Company decreased their target price on CSX from $35.00 to $34.00 and set an "equal weight" rating for the company in a research report on Thursday, October 17th. BMO Capital Markets decreased their target price on CSX from $40.00 to $39.00 and set an "outperform" rating for the company in a research report on Thursday, October 17th. Jefferies Financial Group upgraded CSX from a "hold" rating to a "buy" rating and set a $37.00 price target on the stock in a research note on Friday, January 10th. Finally, Stephens cut their price target on CSX from $41.00 to $39.00 and set an "overweight" rating on the stock in a research note on Thursday, October 17th. Six analysts have rated the stock with a hold rating and twelve have given a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $38.65.

CSX Trading Down 0.7 %

CSX traded down $0.24 during midday trading on Friday, reaching $32.73. 20,683,825 shares of the company's stock traded hands, compared to its average volume of 9,942,721. The firm has a fifty day moving average of $33.82 and a two-hundred day moving average of $33.95. The stock has a market capitalization of $63.12 billion, a price-to-earnings ratio of 17.60, a P/E/G ratio of 1.93 and a beta of 1.22. 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 has a 52 week low of $31.43 and a 52 week high of $40.12.

CSX (NASDAQ:CSX - Get Free Report) last released its quarterly earnings results on Wednesday, October 16th. The transportation company reported $0.46 EPS for the quarter, missing analysts' consensus estimates of $0.48 by ($0.02). The business had revenue of $3.62 billion for the quarter, compared to the consensus estimate of $3.68 billion. CSX had a net margin of 24.77% and a return on equity of 28.92%. The company's revenue for the quarter was up 1.3% on a year-over-year basis. During the same period in the previous year, the company earned $0.42 EPS. On average, equities analysts anticipate that CSX will post 1.83 earnings per share for the current fiscal year.

Institutional Investors Weigh In On CSX

Institutional investors and hedge funds have recently bought and sold shares of the business. Interval Partners LP increased its holdings in shares of CSX by 849.0% in the second quarter. Interval Partners LP now owns 5,118,751 shares of the transportation company's stock worth $171,222,000 after purchasing an additional 4,579,344 shares during the last quarter. Perpetual Ltd bought a new stake in shares of CSX in the fourth quarter worth about $83,301,000. Assenagon Asset Management S.A. increased its holdings in shares of CSX by 318.5% in the third quarter. Assenagon Asset Management S.A. now owns 3,270,966 shares of the transportation company's stock worth $112,946,000 after purchasing an additional 2,489,329 shares during the last quarter. Bank of Montreal Can increased its holdings in shares of CSX by 38.7% in the second quarter. Bank of Montreal Can now owns 6,749,827 shares of the transportation company's stock worth $225,917,000 after purchasing an additional 1,884,998 shares during the last quarter. Finally, FMR LLC increased its holdings in shares of CSX by 10.2% in the third quarter. FMR LLC now owns 15,612,862 shares of the transportation company's stock worth $539,112,000 after purchasing an additional 1,447,651 shares during the last quarter. 73.57% of the stock is owned by institutional investors.

About CSX

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.