CSX (NASDAQ:CSX) Stock Price Expected to Rise, Citigroup Analyst Says

CSX (NASDAQ:CSX) had its price target boosted by analysts at Citigroup from $41.00 to $42.00 in a research note issued on Friday,MarketScreener reports. Citigroup’s price objective points to a potential upside of 14.75% from the company’s current price.

Other equities analysts have also issued reports about the company. BMO Capital Markets lowered CSX from an “outperform” rating to a “market perform” rating and set a $38.00 price target on the stock. in a research note on Monday, August 18th. Wells Fargo & Company upgraded CSX from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $37.00 to $40.00 in a research note on Thursday, September 25th. JPMorgan Chase & Co. lowered their price target on CSX from $41.00 to $40.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 8th. Wolfe Research boosted their price target on CSX from $40.00 to $43.00 and gave the company an “outperform” rating in a research note on Tuesday, October 7th. Finally, Royal Bank Of Canada upped their price objective on CSX from $39.00 to $41.00 and gave the company an “outperform” rating in a research note on Tuesday, September 30th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $39.00.

CSX Price Performance

NASDAQ CSX opened at $36.60 on Friday. CSX has a twelve month low of $26.22 and a twelve month high of $37.25. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.63 and a current ratio of 0.77. The stock has a market capitalization of $68.23 billion, a PE ratio of 23.92, a P/E/G ratio of 2.86 and a beta of 1.29. The stock has a 50-day simple moving average of $34.34 and a 200 day simple moving average of $32.43.

CSX (NASDAQ:CSX) last posted its quarterly earnings data on Thursday, October 16th. The transportation company reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.42 by $0.02. CSX had a return on equity of 25.16% and a net margin of 20.55%.The business had revenue of $3.59 billion during the quarter, compared to analysts’ expectations of $3.60 billion. During the same quarter in the previous year, the firm earned $0.45 EPS. The firm’s revenue was down .9% compared to the same quarter last year. Research analysts anticipate that CSX will post 1.83 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Twin Peaks Wealth Advisors LLC acquired a new position in shares of CSX in the 2nd quarter valued at $25,000. WFA of San Diego LLC acquired a new stake in CSX during the 2nd quarter worth $28,000. Barnes Dennig Private Wealth Management LLC acquired a new stake in CSX during the 1st quarter worth $30,000. Rossby Financial LCC acquired a new stake in CSX during the 1st quarter worth $28,000. Finally, Kessler Investment Group LLC acquired a new stake in CSX during the 1st quarter worth $32,000. Institutional investors and hedge funds own 73.57% of the company’s stock.

CSX Company Profile

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.