StockNews.com Lowers CSX (NASDAQ:CSX) to Hold

CSX (NASDAQ:CSXGet Rating) was downgraded by StockNews.com from a “buy” rating to a “hold” rating in a report released on Thursday.

Other equities analysts have also issued research reports about the stock. Susquehanna boosted their target price on shares of CSX from $44.00 to $45.00 and gave the stock a “positive” rating in a research report on Thursday, April 21st. Raymond James reduced their target price on shares of CSX from $40.00 to $39.00 and set an “outperform” rating on the stock in a research note on Monday, April 18th. Royal Bank of Canada raised CSX from a “sector perform” rating to an “outperform” rating and lifted their price target for the company from $37.00 to $39.00 in a report on Thursday, March 17th. Citigroup cut CSX from a “buy” rating to a “neutral” rating and cut their price target for the company from $45.00 to $35.00 in a report on Thursday, May 19th. Finally, Susquehanna Bancshares boosted their price objective on CSX from $44.00 to $45.00 and gave the stock a “positive” rating in a report on Thursday, April 21st. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and fifteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $38.45.

CSX stock opened at $31.15 on Thursday. The company’s 50-day moving average price is $34.67 and its two-hundred day moving average price is $35.22. The stock has a market cap of $67.73 billion, a price-to-earnings ratio of 17.70, a PEG ratio of 1.67 and a beta of 1.21. The company has a current ratio of 1.46, a quick ratio of 1.32 and a debt-to-equity ratio of 1.21. CSX has a 52 week low of $29.49 and a 52 week high of $38.63.

CSX (NASDAQ:CSXGet Rating) last issued its quarterly earnings data on Wednesday, April 20th. The transportation company reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.37 by $0.02. CSX had a net margin of 29.98% and a return on equity of 27.47%. 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 earned $0.31 earnings per share. The company’s revenue for the quarter was up 21.3% on a year-over-year basis. Research analysts expect that CSX will post 1.82 earnings per share for the current fiscal year.

Several institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. raised its holdings in CSX by 0.9% during the first quarter. Vanguard Group Inc. now owns 185,175,290 shares of the transportation company’s stock valued at $6,934,814,000 after acquiring an additional 1,585,487 shares during the period. Capital World Investors lifted its holdings in CSX by 4.4% during the fourth quarter. Capital World Investors now owns 184,488,460 shares of the transportation company’s stock worth $6,936,719,000 after buying an additional 7,841,524 shares during the period. BlackRock Inc. lifted its holdings 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 during the period. State Street Corp boosted its position in shares of CSX by 6.0% in the 1st quarter. State Street Corp now owns 100,226,817 shares of the transportation company’s stock worth $3,753,494,000 after purchasing an additional 5,632,575 shares in the last quarter. Finally, Soroban Capital Partners LP increased its position in shares of CSX by 22.8% in the 3rd quarter. Soroban Capital Partners LP now owns 39,572,504 shares of the transportation company’s stock valued at $1,176,886,000 after acquiring an additional 7,338,924 shares during the period. 74.81% of the stock is owned by institutional investors and hedge funds.

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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