Jefferies Financial Group Trims CSX (NASDAQ:CSX) Target Price to $38.00

CSX (NASDAQ:CSX) had its target price cut by analysts at Jefferies Financial Group from $40.00 to $38.00 in a research note issued to investors on Thursday, Benzinga reports. The firm presently has a “hold” rating on the transportation company’s stock. Jefferies Financial Group’s price objective indicates a potential upside of 10.66% from the company’s previous close.

Other equities analysts also recently issued research reports about the stock. Stifel Nicolaus lifted their price objective on shares of CSX from $37.00 to $39.00 and gave the stock a “buy” rating in a report on Friday, April 12th. JPMorgan Chase & Co. decreased their price objective on shares of CSX from $40.00 to $39.00 and set an “overweight” rating for the company in a report on Thursday, December 21st. Raymond James lifted their price objective on shares of CSX from $35.00 to $38.00 and gave the stock an “outperform” rating in a report on Tuesday, January 16th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $34.00 price objective on shares of CSX in a report on Thursday, January 25th. Finally, BMO Capital Markets boosted their price target on shares of CSX from $37.00 to $38.00 and gave the company an “outperform” rating in a report on Thursday, January 25th. Five research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat.com, CSX currently has a consensus rating of “Moderate Buy” and an average target price of $37.72.

CSX Stock Down 0.1 %

CSX stock opened at $34.34 on Thursday. CSX has a twelve month low of $29.03 and a twelve month high of $40.12. The company has a current ratio of 1.05, a quick ratio of 0.91 and a debt-to-equity ratio of 1.48. The company has a market capitalization of $67.22 billion, a P/E ratio of 18.87, a PEG ratio of 1.97 and a beta of 1.18. The firm has a 50 day simple moving average of $36.88 and a 200-day simple moving average of $34.35.

CSX (NASDAQ:CSX) last released its quarterly earnings data on Wednesday, April 17th. The transportation company reported $0.46 EPS for the quarter, topping analysts’ consensus estimates of $0.45 by $0.01. The firm had revenue of $3.68 billion during the quarter, compared to the consensus estimate of $3.66 billion. CSX had a net margin of 24.75% and a return on equity of 29.88%. The firm’s revenue was down .8% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.48 earnings per share. On average, equities research analysts predict that CSX will post 1.97 earnings per share for the current fiscal year.

Institutional Investors Weigh In On CSX

Several hedge funds and other institutional investors have recently bought and sold shares of CSX. Bornite Capital Management LP bought a new stake in CSX in the first quarter worth about $14,980,000. Mirae Asset Global Investments Co. Ltd. raised its position in CSX by 6.0% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 6,158,544 shares of the transportation company’s stock worth $230,637,000 after acquiring an additional 347,514 shares in the last quarter. Blair William & Co. IL raised its position in CSX by 12.7% in the first quarter. Blair William & Co. IL now owns 122,334 shares of the transportation company’s stock worth $4,581,000 after acquiring an additional 13,829 shares in the last quarter. Sei Investments Co. raised its position in CSX by 4.5% in the first quarter. Sei Investments Co. now owns 195,872 shares of the transportation company’s stock worth $7,361,000 after acquiring an additional 8,488 shares in the last quarter. Finally, Cetera Investment Advisers raised its holdings in CSX by 16.8% during the 1st quarter. Cetera Investment Advisers now owns 71,521 shares of the transportation company’s stock worth $2,678,000 after buying an additional 10,276 shares during the period. 73.57% of the stock is currently owned by institutional investors.

About CSX

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.