Several other brokerages also recently issued reports on CSX. Royal Bank of Canada raised shares of CSX from a “sector perform” rating to an “outperform” rating and increased their price objective for the company from $37.00 to $39.00 in a research report on Thursday, March 17th. Susquehanna raised their price target on shares of CSX from $44.00 to $45.00 and gave the stock a “positive” rating in a research report on Thursday. Morgan Stanley decreased their price target on shares of CSX from $26.00 to $25.00 and set an “underweight” rating for the company in a research report on Friday, January 21st. Deutsche Bank Aktiengesellschaft decreased their price target on shares of CSX from $42.00 to $41.00 and set a “buy” rating for the company in a research report on Monday, January 24th. Finally, Stephens decreased their price target on shares of CSX from $43.00 to $41.00 and set an “overweight” rating for the company in a research report on Friday, January 21st. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and seventeen have assigned a buy rating to the company. According to data from MarketBeat.com, CSX currently has a consensus rating of “Buy” and an average target price of $38.81.
Shares of NASDAQ:CSX traded up $1.00 on Thursday, reaching $36.30. 17,396,706 shares of the company were exchanged, compared to its average volume of 15,844,172. The firm has a market cap of $79.08 billion, a price-to-earnings ratio of 21.61, a price-to-earnings-growth ratio of 2.03 and a beta of 1.23. CSX has a 1-year low of $29.49 and a 1-year high of $38.63. The company has a 50-day moving average of $35.34 and a 200-day moving average of $35.38. The company has a current ratio of 1.73, a quick ratio of 1.58 and a debt-to-equity ratio of 1.20.
Several institutional investors and hedge funds have recently made changes to their positions in CSX. Norges Bank bought a new position in CSX during the fourth quarter valued at approximately $732,770,000. Capital World Investors grew its stake in shares of CSX by 4.4% in the fourth quarter. Capital World Investors now owns 184,488,460 shares of the transportation company’s stock worth $6,936,719,000 after acquiring an additional 7,841,524 shares during the last quarter. Soroban Capital Partners LP boosted its stake in CSX by 22.8% during the third quarter. Soroban Capital Partners LP now owns 39,572,504 shares of the transportation company’s stock worth $1,176,886,000 after buying an additional 7,338,924 shares in the last quarter. BlackRock Inc. boosted its stake in CSX by 3.5% during the fourth quarter. BlackRock Inc. now owns 151,615,861 shares of the transportation company’s stock worth $5,700,758,000 after buying an additional 5,149,812 shares in the last quarter. Finally, Capital Wealth Planning LLC lifted its holdings in shares of CSX by 16,210.9% during the third quarter. Capital Wealth Planning LLC now owns 3,574,539 shares of the transportation company’s stock valued at $106,307,000 after acquiring an additional 3,552,624 shares during the period. Institutional investors own 73.22% of the company’s stock.
CSX Company Profile (Get Rating)
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 transports chemicals, agricultural and food products, automotive, minerals, 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.
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