CSX (NASDAQ:CSX) Now Covered by Analysts at Citigroup

Investment analysts at Citigroup assumed coverage on shares of CSX (NASDAQ:CSX - Get Free Report) in a report released on Wednesday, MarketBeat reports. The firm set a "buy" rating and a $42.00 price target on the transportation company's stock. Citigroup's price objective would indicate a potential upside of 22.59% from the stock's previous close.

CSX has been the topic of a number of other research reports. Benchmark reissued a "buy" rating and set a $40.00 target price on shares of CSX in a research report on Wednesday, August 7th. Bank of America downgraded shares of CSX from a "buy" rating to a "neutral" rating and set a $37.00 target price on the stock. in a research report on Monday, July 8th. Barclays cut their target price on shares of CSX from $41.00 to $40.00 and set an "overweight" rating on the stock in a research report on Wednesday, September 25th. Susquehanna raised their price target on shares of CSX from $41.00 to $42.00 and gave the company a "positive" rating in a report on Wednesday, October 2nd. Finally, Sanford C. Bernstein raised their price target on shares of CSX from $35.00 to $36.00 and gave the company a "market perform" rating in a report on Monday, July 8th. Seven equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $39.19.

CSX Trading Up 1.2 %

Shares of CSX stock traded up $0.39 during trading on Wednesday, hitting $34.26. The stock had a trading volume of 7,715,661 shares, compared to its average volume of 11,510,825. The stock has a market cap of $66.98 billion, a PE ratio of 18.80, a PEG ratio of 1.91 and a beta of 1.19. CSX has a 12 month low of $29.03 and a 12 month high of $40.12. The firm's fifty day simple moving average is $33.93 and its 200-day simple moving average is $34.05. The company has a debt-to-equity ratio of 1.42, a current ratio of 1.16 and a quick ratio of 1.01.

CSX (NASDAQ:CSX - Get Free Report) last posted its quarterly earnings results on Monday, August 5th. The transportation company reported $0.49 EPS for the quarter, topping the consensus estimate of $0.48 by $0.01. The company had revenue of $3.70 billion for the quarter, compared to the consensus estimate of $3.70 billion. CSX had a net margin of 24.52% and a return on equity of 29.11%. The firm's revenue was up .0% compared to the same quarter last year. During the same quarter last year, the firm posted $0.49 EPS. As a group, sell-side analysts expect that CSX will post 1.93 EPS for the current fiscal year.

Hedge Funds Weigh In On CSX

Institutional investors have recently made changes to their positions in the company. Itau Unibanco Holding S.A. purchased a new stake in CSX in the 2nd quarter worth $26,000. Financial Synergies Wealth Advisors Inc. purchased a new stake in CSX in the 1st quarter worth $29,000. MFA Wealth Advisors LLC purchased a new stake in CSX in the 2nd quarter worth $27,000. Fairscale Capital LLC purchased a new stake in shares of CSX during the second quarter worth $32,000. Finally, Valued Wealth Advisors LLC grew its holdings in shares of CSX by 172.7% during the first quarter. Valued Wealth Advisors LLC now owns 938 shares of the transportation company's stock worth $35,000 after buying an additional 594 shares in the last quarter. 73.57% of the stock is owned by hedge funds and other institutional investors.

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.