CSX (NASDAQ:CSX) Raised to “Hold” at Wall Street Zen

CSX (NASDAQ:CSX) was upgraded by equities researchers at Wall Street Zen from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Saturday.

Other equities analysts have also issued reports about the stock. Citigroup reaffirmed a “buy” rating and set a $41.00 target price (up from $40.00) on shares of CSX in a report on Monday, October 13th. The Goldman Sachs Group raised their price target on shares of CSX from $35.00 to $37.00 and gave the company a “neutral” rating in a research report on Friday. Susquehanna decreased their price objective on shares of CSX from $35.00 to $34.00 and set a “neutral” rating for the company in a research report on Thursday, September 25th. Stephens increased their target price on shares of CSX from $39.00 to $41.00 and gave the stock an “overweight” rating in a research note on Monday, October 6th. Finally, Benchmark upped their price target on CSX from $37.00 to $40.00 and gave the stock a “buy” rating in a report on Thursday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $39.00.

CSX Price Performance

Shares of CSX opened at $36.60 on Friday. The business’s 50-day moving average is $34.34 and its two-hundred day moving average is $32.47. The company has a market capitalization of $68.15 billion, a P/E ratio of 23.92, a P/E/G ratio of 2.86 and a beta of 1.29. CSX has a fifty-two week low of $26.22 and a fifty-two week high of $37.25. The company has a debt-to-equity ratio of 1.45, a quick ratio of 0.71 and a current ratio of 0.85.

CSX (NASDAQ:CSX) last issued its earnings results on Thursday, October 16th. The transportation company reported $0.44 EPS for the quarter, topping analysts’ consensus estimates of $0.42 by $0.02. The firm had revenue of $3.59 billion for the quarter, compared to the consensus estimate of $3.60 billion. CSX had a return on equity of 24.95% and a net margin of 20.55%.The company’s revenue was down .9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.45 earnings per share. Research analysts predict that CSX will post 1.83 earnings per share for the current year.

Institutional Investors Weigh In On CSX

Several large investors have recently bought and sold shares of CSX. Twin Peaks Wealth Advisors LLC purchased a new position in shares of CSX in the second quarter valued at approximately $25,000. WFA of San Diego LLC acquired a new position in CSX in the 2nd quarter valued at $28,000. Barnes Dennig Private Wealth Management LLC purchased a new position in CSX in the 1st quarter valued at $30,000. Rossby Financial LCC purchased a new position in CSX in the 1st quarter valued at $28,000. Finally, Kessler Investment Group LLC acquired a new stake in CSX during the 1st quarter worth $32,000. 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.