CSX (NASDAQ:CSX) Given New $35.00 Price Target at BMO Capital Markets

CSX (NASDAQ:CSX - Get Free Report) had its target price reduced by analysts at BMO Capital Markets from $36.00 to $35.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage currently has an "outperform" rating on the transportation company's stock. BMO Capital Markets' price objective suggests a potential upside of 25.99% from the stock's previous close.

A number of other analysts have also commented on the company. Citigroup dropped their price target on CSX from $39.00 to $36.00 and set a "buy" rating on the stock in a report on Tuesday, April 8th. Bank of America decreased their price objective on CSX from $33.00 to $30.00 and set a "neutral" rating for the company in a report on Thursday, April 17th. Robert W. Baird reduced their target price on shares of CSX from $39.00 to $38.00 and set an "outperform" rating for the company in a research note on Friday, January 24th. Jefferies Financial Group dropped their price target on shares of CSX from $37.00 to $33.00 and set a "buy" rating on the stock in a research note on Wednesday, April 9th. Finally, Stephens reissued an "overweight" rating and set a $38.00 target price on shares of CSX in a report on Friday, January 24th. Seven equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $33.95.

CSX Stock Up 1.2 %

Shares of NASDAQ CSX traded up $0.32 during midday trading on Thursday, hitting $27.78. 13,606,137 shares of the stock traded hands, compared to its average volume of 12,737,381. The company has a debt-to-equity ratio of 1.43, a quick ratio of 1.23 and a current ratio of 0.86. CSX has a one year low of $26.22 and a one year high of $37.10. The business has a 50 day moving average price of $29.96 and a two-hundred day moving average price of $32.43. The company has a market cap of $52.36 billion, a PE ratio of 15.52, a P/E/G ratio of 1.92 and a beta of 1.23.

CSX (NASDAQ:CSX - Get Free Report) last issued its quarterly earnings data on Wednesday, April 16th. The transportation company reported $0.34 EPS for the quarter, missing analysts' consensus estimates of $0.39 by ($0.05). The company had revenue of $3.42 billion for the quarter, compared to the consensus estimate of $3.53 billion. CSX had a return on equity of 28.15% and a net margin of 23.95%. On average, equities analysts predict that CSX will post 1.83 EPS for the current year.

Institutional Investors Weigh In On CSX

Several institutional investors have recently added to or reduced their stakes in the company. Kentucky Retirement Systems Insurance Trust Fund boosted its holdings in shares of CSX by 56.2% during the first quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 56,061 shares of the transportation company's stock worth $1,650,000 after purchasing an additional 20,164 shares during the period. Intact Investment Management Inc. bought a new stake in shares of CSX in the 1st quarter worth approximately $6,283,000. Nilsine Partners LLC increased its stake in shares of CSX by 8.8% during the first quarter. Nilsine Partners LLC now owns 43,696 shares of the transportation company's stock valued at $1,286,000 after buying an additional 3,516 shares during the period. Stonegate Investment Group LLC lifted its stake in CSX by 80.5% in the first quarter. Stonegate Investment Group LLC now owns 18,172 shares of the transportation company's stock worth $535,000 after acquiring an additional 8,104 shares during the period. Finally, PFG Investments LLC boosted its holdings in CSX by 6.6% in the first quarter. PFG Investments LLC now owns 20,321 shares of the transportation company's stock valued at $598,000 after acquiring an additional 1,260 shares in the last quarter. Hedge funds and other institutional investors own 73.57% of the company's stock.

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.