CSX (NASDAQ:CSX) Upgraded at Jefferies Financial Group

Jefferies Financial Group upgraded shares of CSX (NASDAQ:CSX - Free Report) from a hold rating to a buy rating in a research report report published on Friday morning, MarketBeat Ratings reports. Jefferies Financial Group currently has $37.00 price objective on the transportation company's stock.

A number of other equities analysts also recently commented on CSX. Susquehanna reduced their target price on shares of CSX from $40.00 to $39.00 and set a "positive" rating for the company in a report on Wednesday. Barclays increased their target price on shares of CSX from $40.00 to $41.00 and gave the company an "overweight" rating in a research report on Wednesday, November 13th. 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. Stephens reduced their price target on CSX from $41.00 to $39.00 and set an "overweight" rating on the stock in a research report on Thursday, October 17th. Finally, TD Cowen lowered their price objective on CSX from $36.00 to $35.00 and set a "hold" rating for the company in a research report on Thursday, October 17th. Six research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company's stock. According to MarketBeat.com, CSX currently has a consensus rating of "Moderate Buy" and an average target price of $38.67.

CSX Trading Down 1.3 %

CSX stock traded down $0.42 during trading hours on Friday, hitting $31.78. The company had a trading volume of 13,644,139 shares, compared to its average volume of 13,466,729. The firm has a market cap of $61.29 billion, a P/E ratio of 17.09, a P/E/G ratio of 2.24 and a beta of 1.22. The company has a 50-day moving average price of $34.09 and a two-hundred day moving average price of $33.98. CSX has a 1 year low of $31.43 and a 1 year 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.

CSX (NASDAQ:CSX - Get Free Report) last issued its earnings results on Wednesday, October 16th. The transportation company reported $0.46 earnings per share for the quarter, missing the consensus estimate of $0.48 by ($0.02). The firm had revenue of $3.62 billion during the quarter, compared to analysts' expectations of $3.68 billion. CSX had a return on equity of 28.92% and a net margin of 24.77%. CSX's quarterly revenue was up 1.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.42 earnings per share. On average, sell-side analysts anticipate that CSX will post 1.84 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of CSX. Ashton Thomas Private Wealth LLC acquired a new stake in CSX during the second quarter worth $120,000. AGF Management Ltd. raised its holdings in CSX by 8.8% in the 2nd quarter. AGF Management Ltd. now owns 101,343 shares of the transportation company's stock valued at $3,390,000 after buying an additional 8,211 shares during the period. Bahl & Gaynor Inc. raised its holdings in CSX by 3.7% in the 2nd quarter. Bahl & Gaynor Inc. now owns 42,264 shares of the transportation company's stock valued at $1,414,000 after buying an additional 1,507 shares during the period. American Century Companies Inc. lifted its position in CSX by 14.3% in the second quarter. American Century Companies Inc. now owns 1,716,548 shares of the transportation company's stock valued at $57,419,000 after buying an additional 214,966 shares during the last quarter. Finally, BOKF NA increased its position in shares of CSX by 11.6% during the second quarter. BOKF NA now owns 89,880 shares of the transportation company's stock valued at $3,006,000 after acquiring an additional 9,348 shares during the last quarter. Hedge funds and other institutional investors 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.