CSX (NASDAQ:CSX) Price Target Lowered to $34.00 at Raymond James

CSX (NASDAQ:CSX - Get Free Report) had its price target decreased by investment analysts at Raymond James from $37.00 to $34.00 in a note issued to investors on Friday,Benzinga reports. The firm presently has an "outperform" rating on the transportation company's stock. Raymond James' price objective points to a potential upside of 23.68% from the stock's current price.

CSX has been the topic of several other research reports. Barclays reduced their target price on shares of CSX from $38.00 to $35.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 2nd. Robert W. Baird cut their target price on CSX from $39.00 to $38.00 and set an "outperform" rating on the stock in a research note on Friday, January 24th. Citigroup reduced their target price on CSX from $39.00 to $36.00 and set a "buy" rating on the stock in a research note on Tuesday, April 8th. JPMorgan Chase & Co. dropped their target price on shares of CSX from $38.00 to $37.00 and set an "overweight" rating on the stock in a research note on Friday, January 24th. Finally, Jefferies Financial Group lowered their target price on CSX from $37.00 to $33.00 and set a "buy" rating for the company in a report on Wednesday, April 9th. Seven analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, CSX presently has an average rating of "Moderate Buy" and a consensus price target of $35.55.

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CSX Stock Down 1.5 %

Shares of CSX traded down $0.41 on Friday, hitting $27.49. 10,050,359 shares of the stock traded hands, compared to its average volume of 12,679,411. The company has a debt-to-equity ratio of 1.43, a quick ratio of 1.23 and a current ratio of 0.86. The business has a 50 day simple moving average of $30.39 and a 200 day simple moving average of $32.63. CSX has a one year low of $26.22 and a one year high of $37.10. The company has a market capitalization of $51.81 billion, a PE ratio of 15.36, a P/E/G ratio of 1.92 and a beta of 1.23.

CSX (NASDAQ:CSX - Get Free Report) last released its quarterly earnings results on Thursday, January 23rd. The transportation company reported $0.42 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.44 by ($0.02). CSX had a net margin of 23.95% and a return on equity of 28.15%. As a group, equities analysts forecast that CSX will post 1.83 earnings per share for the current fiscal year.

Institutional Trading of CSX

A number of hedge funds and other institutional investors have recently made changes to their positions in CSX. Wellington Management Group LLP raised its position in CSX by 14.7% in the fourth quarter. Wellington Management Group LLP now owns 117,579 shares of the transportation company's stock worth $3,794,000 after acquiring an additional 15,029 shares in the last quarter. Diversified Trust Co raised its position in shares of CSX by 180.7% in the 4th quarter. Diversified Trust Co now owns 72,197 shares of the transportation company's stock worth $2,330,000 after buying an additional 46,473 shares during the period. Marshall Financial Group LLC acquired a new stake in CSX during the 4th quarter worth approximately $1,084,000. Carnegie Investment Counsel increased its holdings in CSX by 1.4% in the 4th quarter. Carnegie Investment Counsel now owns 612,051 shares of the transportation company's stock valued at $19,751,000 after purchasing an additional 8,474 shares in the last quarter. Finally, Waycross Partners LLC lifted its stake in CSX by 7.0% during the fourth quarter. Waycross Partners LLC now owns 619,471 shares of the transportation company's stock worth $19,990,000 after purchasing an additional 40,611 shares during the last quarter. 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.