CSX (NASDAQ:CSX) Price Target Cut to $39.00 by Analysts at Susquehanna

CSX (NASDAQ:CSX) had its price target cut by equities research analysts at Susquehanna from $40.00 to $39.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage currently has a “positive” rating on the transportation company’s stock. Susquehanna’s price objective indicates a potential upside of 21.12% from the company’s current price.

A number of other research analysts have also recently weighed in on CSX. TD Cowen reduced their price target on shares of CSX from $36.00 to $35.00 and set a “hold” rating on the stock in a research report on Thursday, October 17th. Evercore ISI reduced their target price on shares of CSX from $38.00 to $37.00 and set an “outperform” rating on the stock in a report on Thursday, October 17th. Royal Bank of Canada lowered their price target on CSX from $36.00 to $35.00 and set a “sector perform” rating for the company in a report on Thursday, October 17th. Citigroup boosted their price objective on CSX from $42.00 to $44.00 and gave the stock a “buy” rating in a research note on Tuesday, November 12th. Finally, BMO Capital Markets lowered their target price on CSX from $40.00 to $39.00 and set an “outperform” rating for the company in a research note on Thursday, October 17th. Seven equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $38.72.

CSX Trading Up 0.0 %

Shares of CSX stock opened at $32.20 on Wednesday. CSX has a 1-year low of $31.43 and a 1-year high of $40.12. The firm’s 50-day simple moving average is $34.15 and its 200-day simple moving average is $34.00. The firm has a market cap of $62.10 billion, a P/E ratio of 17.31, a PEG ratio of 2.24 and a beta of 1.22. The company has a debt-to-equity ratio of 1.43, a current ratio of 1.39 and a quick ratio of 1.23.

CSX (NASDAQ:CSX) last released its quarterly earnings data on Wednesday, October 16th. The transportation company reported $0.46 EPS for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.02). The firm had revenue of $3.62 billion for the quarter, compared to analyst estimates of $3.68 billion. CSX had a return on equity of 28.92% and a net margin of 24.77%. The company’s quarterly revenue was up 1.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.42 earnings per share. As a group, equities analysts forecast that CSX will post 1.84 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Itau Unibanco Holding S.A. acquired a new position in CSX in the second quarter worth $26,000. Valley Wealth Managers Inc. boosted its holdings in shares of CSX by 177.8% in the 3rd quarter. Valley Wealth Managers Inc. now owns 750 shares of the transportation company’s stock valued at $26,000 after buying an additional 480 shares during the period. Morton Brown Family Wealth LLC bought a new stake in shares of CSX during the 3rd quarter valued at about $31,000. Fairscale Capital LLC acquired a new stake in CSX during the second quarter worth about $32,000. Finally, Strategic Financial Concepts LLC bought a new position in CSX in the second quarter worth about $33,000. 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.