CSX (NASDAQ:CSX) Upgraded at StockNews.com

CSX (NASDAQ:CSXGet Rating) was upgraded by StockNews.com from a “hold” rating to a “buy” rating in a research note issued on Thursday.

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.

CSX (NASDAQ:CSXGet Rating) last posted its quarterly earnings results on Wednesday, April 20th. The transportation company reported $0.39 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.37 by $0.02. CSX had a net margin of 30.19% and a return on equity of 26.34%. The firm had revenue of $3.41 billion for the quarter, compared to analyst estimates of $3.31 billion. During the same quarter last year, the firm posted $0.31 earnings per share. CSX’s revenue for the quarter was up 21.3% compared to the same quarter last year. As a group, analysts forecast that CSX will post 1.78 earnings per share for the current year.

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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