CSX Corporation (NASDAQ:CSX) Given Consensus Rating of “Moderate Buy” by Analysts

CSX Corporation (NASDAQ:CSX) has earned an average rating of “Moderate Buy” from the twenty-five ratings firms that are currently covering the company, MarketBeat Ratings reports. Seven equities research analysts have rated the stock with a hold recommendation and eighteen have assigned a buy recommendation to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $39.4167.

A number of analysts recently commented on the company. Citigroup reduced their price objective on CSX from $42.00 to $41.00 and set a “buy” rating for the company in a research report on Friday, January 23rd. Morgan Stanley set a $30.00 price target on shares of CSX and gave the company an “equal weight” rating in a research report on Monday, December 8th. Evercore ISI dropped their price objective on shares of CSX from $41.00 to $40.00 and set an “outperform” rating on the stock in a report on Friday, January 23rd. Raymond James Financial upped their target price on shares of CSX from $40.00 to $41.00 and gave the company an “outperform” rating in a report on Friday, January 23rd. Finally, Sanford C. Bernstein restated a “market perform” rating and issued a $36.00 price objective (down from $37.00) on shares of CSX in a research note on Friday, January 23rd.

Insider Activity at CSX

In other news, CAO Diana B. Sorfleet sold 66,667 shares of the firm’s stock in a transaction dated Wednesday, January 28th. The stock was sold at an average price of $37.48, for a total value of $2,498,679.16. Following the transaction, the chief accounting officer owned 170,777 shares of the company’s stock, valued at $6,400,721.96. This trade represents a 28.08% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.55% of the stock is owned by company insiders.

Institutional Trading of CSX

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Twin Peaks Wealth Advisors LLC bought a new stake in CSX in the second quarter worth $25,000. FNY Investment Advisers LLC grew its stake in shares of CSX by 437.3% in the 3rd quarter. FNY Investment Advisers LLC now owns 720 shares of the transportation company’s stock worth $25,000 after buying an additional 586 shares in the last quarter. WFA of San Diego LLC bought a new stake in shares of CSX in the 2nd quarter worth about $28,000. Pinnacle Bancorp Inc. raised its position in shares of CSX by 121.5% during the 3rd quarter. Pinnacle Bancorp Inc. now owns 1,329 shares of the transportation company’s stock valued at $47,000 after buying an additional 729 shares in the last quarter. Finally, Aventura Private Wealth LLC bought a new position in shares of CSX in the 4th quarter valued at about $63,000. Institutional investors own 73.57% of the company’s stock.

CSX Price Performance

NASDAQ CSX opened at $37.87 on Friday. CSX has a one year low of $26.22 and a one year high of $38.11. The stock has a 50-day moving average of $36.19 and a 200 day moving average of $35.23. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.71 and a current ratio of 0.81. The company has a market capitalization of $70.52 billion, a price-to-earnings ratio of 24.59, a PEG ratio of 1.90 and a beta of 1.30.

CSX (NASDAQ:CSX) last announced its quarterly earnings results on Thursday, January 22nd. The transportation company reported $0.39 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.02). CSX had a net margin of 20.50% and a return on equity of 23.88%. The company had revenue of $3.51 billion for the quarter, compared to analysts’ expectations of $3.59 billion. During the same period in the previous year, the business earned $0.42 EPS. The business’s revenue was down .9% compared to the same quarter last year. On average, sell-side analysts forecast that CSX will post 1.83 EPS for the current year.

CSX Company Profile

CSX Corporation is a leading North American transportation company that provides rail-based freight services and supply-chain solutions. Its operating subsidiary, CSX Transportation, moves a wide range of goods for customers across multiple industries, using a combination of long-haul rail service, intermodal operations and terminal and yard services. The company focuses on delivering efficient, reliable freight transportation between major production centers, consumption markets and port gateways.

CSX’s freight portfolio includes intermodal containers and trailers, bulk commodities, industrial products and specialized unit trains.