UBS Group Cuts CSX (NASDAQ:CSX) Price Target to $44.00

CSX (NASDAQ:CSX) had its price target decreased by equities researchers at UBS Group from $46.00 to $44.00 in a research note issued to investors on Thursday, Benzinga reports. The brokerage presently has a “buy” rating on the transportation company’s stock. UBS Group’s price objective points to a potential upside of 27.13% from the company’s previous close.

A number of other brokerages have also commented on CSX. Stifel Nicolaus raised their price objective on CSX from $37.00 to $39.00 and gave the stock a “buy” rating in a research report on Friday, April 12th. Royal Bank of Canada decreased their price objective on CSX from $37.00 to $36.00 and set a “sector perform” rating for the company in a research report on Thursday. Bank of America reduced their price target on CSX from $40.00 to $39.00 and set a “buy” rating for the company in a report on Thursday. Raymond James lifted their price target on CSX from $35.00 to $38.00 and gave the company an “outperform” rating in a report on Tuesday, January 16th. Finally, Susquehanna lifted their price target on CSX from $42.00 to $44.00 and gave the company a “positive” rating in a report on Thursday, March 28th. Five analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $37.72.

CSX Trading Up 1.3 %

Shares of NASDAQ:CSX traded up $0.45 during midday trading on Thursday, reaching $34.61. The company had a trading volume of 10,861,729 shares, compared to its average volume of 11,903,461. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.91 and a current ratio of 1.05. CSX has a 1-year low of $29.03 and a 1-year high of $40.12. The firm has a market cap of $67.75 billion, a price-to-earnings ratio of 18.85, a price-to-earnings-growth ratio of 2.01 and a beta of 1.18. The company has a fifty day simple moving average of $36.98 and a two-hundred day simple moving average of $34.32.

CSX (NASDAQ:CSX) last released its quarterly earnings results on Wednesday, April 17th. The transportation company reported $0.46 earnings per share for the quarter, beating analysts’ consensus estimates of $0.45 by $0.01. CSX had a return on equity of 30.52% and a net margin of 25.35%. The business had revenue of $3.68 billion during the quarter, compared to analyst estimates of $3.66 billion. During the same quarter last year, the company posted $0.48 EPS. CSX’s revenue for the quarter was down .8% on a year-over-year basis. Research analysts predict that CSX will post 1.97 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in CSX. Miracle Mile Advisors LLC grew its holdings in shares of CSX by 0.3% during the 1st quarter. Miracle Mile Advisors LLC now owns 103,563 shares of the transportation company’s stock worth $3,839,000 after purchasing an additional 303 shares in the last quarter. Kowal Investment Group LLC grew its holdings in shares of CSX by 6.5% during the 1st quarter. Kowal Investment Group LLC now owns 6,956 shares of the transportation company’s stock worth $258,000 after purchasing an additional 423 shares in the last quarter. Oliver Luxxe Assets LLC grew its holdings in shares of CSX by 1,075.9% during the 1st quarter. Oliver Luxxe Assets LLC now owns 141,458 shares of the transportation company’s stock worth $5,244,000 after purchasing an additional 129,428 shares in the last quarter. Diversified Trust Co grew its holdings in shares of CSX by 120.7% during the 1st quarter. Diversified Trust Co now owns 44,778 shares of the transportation company’s stock worth $1,660,000 after purchasing an additional 24,490 shares in the last quarter. Finally, Aviance Capital Partners LLC grew its holdings in shares of CSX by 340.0% during the 1st quarter. Aviance Capital Partners LLC now owns 29,636 shares of the transportation company’s stock worth $1,099,000 after purchasing an additional 22,901 shares in the last quarter. 73.57% of the stock is 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.