Stifel Nicolaus Cuts CSX (NASDAQ:CSX) Price Target to $34.00

CSX (NASDAQ:CSX - Get Free Report) had its price target dropped by analysts at Stifel Nicolaus from $37.00 to $34.00 in a research report issued to clients and investors on Monday,Benzinga reports. The brokerage presently has a "buy" rating on the transportation company's stock. Stifel Nicolaus' target price indicates a potential upside of 23.02% from the stock's current price.

A number of other brokerages have also weighed in on CSX. Wells Fargo & Company decreased their price objective on CSX from $34.00 to $31.00 and set an "equal weight" rating on the stock in a report on Thursday, March 27th. Jefferies Financial Group decreased 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. Royal Bank of Canada cut their price objective on shares of CSX from $34.00 to $33.00 and set a "sector perform" rating for the company in a report on Friday, January 24th. Susquehanna lowered their target price on CSX from $39.00 to $37.00 and set a "positive" rating on the stock in a report on Thursday, March 27th. Finally, JPMorgan Chase & Co. reduced their price objective on CSX from $38.00 to $37.00 and set an "overweight" rating on the stock in a research report on Friday, January 24th. Seven research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat, CSX currently has a consensus rating of "Moderate Buy" and a consensus price target of $33.95.

CSX Price Performance

Shares of CSX stock traded up $0.29 during trading hours on Monday, reaching $27.64. The stock had a trading volume of 21,437,293 shares, compared to its average volume of 12,726,304. CSX has a twelve month low of $26.22 and a twelve month high of $37.10. The company has a current ratio of 0.86, a quick ratio of 1.23 and a debt-to-equity ratio of 1.43. The firm has a market capitalization of $52.09 billion, a PE ratio of 15.44, a PEG ratio of 1.92 and a beta of 1.23. The stock's 50 day moving average is $30.18 and its 200 day moving average is $32.55.

CSX (NASDAQ:CSX - Get Free Report) last released its earnings results on Wednesday, April 16th. The transportation company reported $0.34 EPS for the quarter, missing analysts' consensus estimates of $0.39 by ($0.05). CSX had a return on equity of 28.15% and a net margin of 23.95%. The company had revenue of $3.42 billion for the quarter, compared to analysts' expectations of $3.53 billion. Equities analysts expect that CSX will post 1.83 earnings per share for the current fiscal year.

Institutional Investors Weigh In On CSX

Hedge funds have recently bought and sold shares of the stock. Marshall & Sterling Wealth Advisors Inc. acquired a new stake in CSX in the fourth quarter valued at approximately $27,000. Accredited Wealth Management LLC acquired a new stake in CSX in the fourth quarter valued at $29,000. Fourth Dimension Wealth LLC purchased a new stake in CSX during the fourth quarter worth approximately $29,000. SBI Securities Co. Ltd. acquired a new stake in CSX during the 4th quarter worth $31,000. Finally, Sierra Ocean LLC acquired a new stake in shares of CSX during the fourth quarter worth about $33,000. Institutional investors and hedge funds 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.