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.
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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