CSX (NASDAQ:CSX) Given New $35.00 Price Target at BMO Capital Markets

CSX (NASDAQ:CSX) had its price objective decreased by equities research analysts at BMO Capital Markets from $36.00 to $35.00 in a research note issued to investors on Thursday,Benzinga reports. The firm presently has an “outperform” rating on the transportation company’s stock. BMO Capital Markets’ target price suggests a potential upside of 26.94% from the stock’s previous close.

A number of other research analysts have also weighed in on the company. Stephens restated an “overweight” rating and issued a $38.00 price objective on shares of CSX in a report on Friday, January 24th. Benchmark restated a “buy” rating and set a $38.00 price target on shares of CSX in a research report on Monday, January 27th. UBS Group decreased their target price on shares of CSX from $39.00 to $36.00 and set a “buy” rating on the stock in a research note on Wednesday, April 2nd. JPMorgan Chase & Co. cut their price target on CSX from $38.00 to $37.00 and set an “overweight” rating for the company in a report on Friday, January 24th. Finally, Susquehanna cut their target price on CSX from $39.00 to $37.00 and set a “positive” rating for the company in a research note on Thursday, March 27th. Seven analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat, CSX currently has a consensus rating of “Moderate Buy” and an average price target of $34.60.

CSX Price Performance

Shares of CSX stock traded up $0.22 on Thursday, reaching $27.57. The company’s stock had a trading volume of 6,432,464 shares, compared to its average volume of 12,714,688. The stock has a 50-day moving average price of $30.29 and a 200-day moving average price of $32.60. CSX has a 52-week low of $26.22 and a 52-week high of $37.10. The company has a market capitalization of $51.97 billion, a P/E ratio of 15.44, a PEG ratio of 1.92 and a beta of 1.23. The company has a quick ratio of 1.23, a current ratio of 0.86 and a debt-to-equity ratio of 1.43.

CSX (NASDAQ:CSX) last released its earnings results on Wednesday, April 16th. The transportation company reported $0.34 EPS for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.05). CSX had a return on equity of 28.15% and a net margin of 23.95%. The company had revenue of $3.42 billion for the quarter, compared to analysts’ expectations of $3.53 billion. Analysts expect that CSX will post 1.83 EPS for the current year.

Institutional Trading of CSX

A number of institutional investors and hedge funds have recently bought and sold shares of the business. North Star Investment Management Corp. boosted its stake in shares of CSX by 42.2% in the first quarter. North Star Investment Management Corp. now owns 25,561 shares of the transportation company’s stock valued at $752,000 after purchasing an additional 7,580 shares during the period. Optas LLC lifted its holdings in CSX by 5.3% during the 1st quarter. Optas LLC now owns 21,451 shares of the transportation company’s stock worth $631,000 after buying an additional 1,072 shares in the last quarter. Brighton Jones LLC boosted its position in CSX by 8.2% in the 1st quarter. Brighton Jones LLC now owns 17,580 shares of the transportation company’s stock valued at $517,000 after buying an additional 1,326 shares during the period. Ritholtz Wealth Management grew its stake in shares of CSX by 1.7% in the first quarter. Ritholtz Wealth Management now owns 93,549 shares of the transportation company’s stock worth $2,753,000 after acquiring an additional 1,521 shares in the last quarter. Finally, Dynamic Advisor Solutions LLC increased its position in shares of CSX by 9.8% during the first quarter. Dynamic Advisor Solutions LLC now owns 38,757 shares of the transportation company’s stock worth $1,141,000 after acquiring an additional 3,458 shares during the period. 73.57% of the stock is currently owned by hedge funds and other institutional investors.

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.