CSX (NASDAQ:CSX) Announces Earnings Results

CSX (NASDAQ:CSX) issued its earnings results on Thursday. The transportation company reported $0.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.02), Zacks reports. CSX had a return on equity of 28.92% and a net margin of 24.77%.

CSX Price Performance

NASDAQ CSX opened at $32.69 on Friday. The business’s fifty day moving average is $33.53 and its 200 day moving average is $33.94. CSX has a fifty-two week low of $31.43 and a fifty-two week high of $40.12. The company has a debt-to-equity ratio of 1.43, a quick ratio of 1.23 and a current ratio of 1.39. The company has a market capitalization of $63.04 billion, a PE ratio of 17.58, a price-to-earnings-growth ratio of 2.06 and a beta of 1.22.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Raymond James restated an “outperform” rating and issued a $37.00 price objective (down from $38.00) on shares of CSX in a report on Friday. Loop Capital decreased their price target on CSX from $43.00 to $42.00 and set a “buy” rating for the company in a research note on Thursday, October 17th. Stephens reaffirmed an “overweight” rating and set a $38.00 price objective on shares of CSX in a research report on Friday. Jefferies Financial Group raised CSX from a “hold” rating to a “buy” rating and set a $37.00 target price for the company in a research report on Friday, January 10th. Finally, BMO Capital Markets dropped their price target on shares of CSX from $40.00 to $38.00 and set an “outperform” rating on the stock in a report on Friday. Six investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $37.68.

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.