CSX (NASDAQ:CSX) Given New $38.00 Price Target at BMO Capital Markets

CSX (NASDAQ:CSX) had its price target trimmed by BMO Capital Markets from $40.00 to $38.00 in a research note released on Friday,Benzinga reports. The brokerage currently has an outperform rating on the transportation company’s stock.

A number of other analysts have also recently issued reports on the company. Wells Fargo & Company lowered their target price on CSX from $36.00 to $34.00 and set an “equal weight” rating for the company in a research note on Friday. Susquehanna lowered their target price on CSX from $40.00 to $39.00 and set a “positive” rating for the company in a research note on Wednesday, January 8th. Stifel Nicolaus lowered their target price on CSX from $39.00 to $37.00 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 target on shares of CSX in a research report on Friday. Finally, Robert W. Baird reduced their price target on CSX from $39.00 to $38.00 and set an “outperform” rating for the company in a research report on Friday. Six research 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 stock currently has an average rating of “Moderate Buy” and an average target price of $37.68.

CSX Stock Performance

Shares of CSX stock opened at $32.69 on Friday. The company has a debt-to-equity ratio of 1.43, a current ratio of 1.39 and a quick ratio of 1.23. The stock has a market cap 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. The stock has a 50-day moving average of $33.58 and a 200-day moving average of $33.95. CSX has a one year low of $31.43 and a one year high of $40.12.

CSX (NASDAQ:CSX) last posted its earnings results on Thursday, January 23rd. The transportation company reported $0.42 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.02). CSX had a return on equity of 28.92% and a net margin of 24.77%. As a group, sell-side analysts expect that CSX will post 1.83 earnings per share for the current year.

Institutional Investors Weigh In On CSX

A number of large investors have recently added to or reduced their stakes in CSX. Perpetual Ltd bought a new stake in CSX in the 4th quarter valued at $83,301,000. Assenagon Asset Management S.A. raised its stake in CSX by 318.5% in the 3rd quarter. Assenagon Asset Management S.A. now owns 3,270,966 shares of the transportation company’s stock valued at $112,946,000 after acquiring an additional 2,489,329 shares during the period. FMR LLC raised its stake in CSX by 10.2% in the 3rd quarter. FMR LLC now owns 15,612,862 shares of the transportation company’s stock valued at $539,112,000 after acquiring an additional 1,447,651 shares during the period. Healthcare of Ontario Pension Plan Trust Fund raised its stake in CSX by 275.3% in the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,854,075 shares of the transportation company’s stock valued at $62,019,000 after acquiring an additional 1,360,075 shares during the period. Finally, KBC Group NV raised its stake in CSX by 616.4% in the 4th quarter. KBC Group NV now owns 1,114,542 shares of the transportation company’s stock valued at $35,966,000 after acquiring an additional 958,957 shares during the period. Institutional investors own 73.57% of the company’s stock.

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.