CSX (NASDAQ:CSX) Given New $39.00 Price Target at Susquehanna

CSX (NASDAQ:CSX) had its target price lowered by Susquehanna from $40.00 to $39.00 in a research note published on Wednesday morning,Benzinga reports. The firm currently has a positive rating on the transportation company’s stock.

CSX has been the topic of a number of other research reports. Barclays raised their target price on shares of CSX from $40.00 to $41.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 13th. Evercore ISI cut their price objective on shares of CSX from $38.00 to $37.00 and set an “outperform” rating for the company in a report on Thursday, October 17th. TD Cowen lowered their target price on shares of CSX from $36.00 to $35.00 and set a “hold” rating on the stock in a report on Thursday, October 17th. Wells Fargo & Company cut their target price on shares of CSX from $35.00 to $34.00 and set an “equal weight” rating for the company in a research note on Thursday, October 17th. Finally, Stifel Nicolaus reduced their price target on shares of CSX from $39.00 to $37.00 and set a “buy” rating on the stock in a report on Thursday, October 17th. Seven investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $38.72.

CSX Stock Performance

Shares of NASDAQ CSX opened at $32.20 on Wednesday. The company has a current ratio of 1.39, a quick ratio of 1.23 and a debt-to-equity ratio of 1.43. CSX has a 12-month low of $31.43 and a 12-month high of $40.12. The firm has a market capitalization of $62.10 billion, a price-to-earnings ratio of 17.31, a price-to-earnings-growth ratio of 2.24 and a beta of 1.22. The firm has a 50 day moving average of $34.15 and a 200 day moving average of $34.00.

CSX (NASDAQ:CSX) last posted its quarterly earnings data on Wednesday, October 16th. The transportation company reported $0.46 EPS for the quarter, missing the consensus estimate of $0.48 by ($0.02). CSX had a return on equity of 28.92% and a net margin of 24.77%. The company had revenue of $3.62 billion during the quarter, compared to analysts’ expectations of $3.68 billion. During the same quarter last year, the company earned $0.42 earnings per share. The company’s revenue for the quarter was up 1.3% on a year-over-year basis. On average, research analysts anticipate that CSX will post 1.84 earnings per share for the current year.

Institutional Investors Weigh In On CSX

Several hedge funds and other institutional investors have recently modified their holdings of the business. Valley Wealth Managers Inc. lifted its position in shares of CSX by 177.8% during the third quarter. Valley Wealth Managers Inc. now owns 750 shares of the transportation company’s stock worth $26,000 after purchasing an additional 480 shares during the last quarter. Itau Unibanco Holding S.A. purchased a new stake in CSX in the 2nd quarter valued at about $26,000. Fairscale Capital LLC purchased a new position in shares of CSX during the second quarter worth approximately $32,000. Morton Brown Family Wealth LLC bought a new stake in shares of CSX during the third quarter valued at approximately $31,000. Finally, Addison Advisors LLC boosted its holdings in shares of CSX by 348.5% in the third quarter. Addison Advisors LLC now owns 1,045 shares of the transportation company’s stock valued at $36,000 after purchasing an additional 812 shares during the period. 73.57% of the stock is currently owned by hedge funds and other 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.