CSX (NASDAQ:CSX) Stock Price Expected to Rise, Susquehanna Analyst Says

CSX (NASDAQ:CSX) had its price target hoisted by equities research analysts at Susquehanna from $34.00 to $38.00 in a report released on Monday,MarketScreener reports. The brokerage currently has a “neutral” rating on the transportation company’s stock. Susquehanna’s price objective indicates a potential upside of 4.68% from the stock’s current price.

CSX has been the topic of several other research reports. UBS Group set a $45.00 price target on shares of CSX and gave the company a “buy” rating in a research report on Friday, October 17th. Cowen reiterated a “buy” rating on shares of CSX in a report on Monday. Wolfe Research raised their price target on shares of CSX from $40.00 to $43.00 and gave the stock an “outperform” rating in a report on Tuesday, October 7th. TD Cowen lifted their price target on shares of CSX from $39.00 to $40.00 and gave the company a “buy” rating in a research report on Monday. Finally, Wells Fargo & Company upgraded CSX from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $37.00 to $40.00 in a research report on Thursday, September 25th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat.com, CSX presently has an average rating of “Moderate Buy” and a consensus target price of $39.13.

CSX Price Performance

Shares of CSX stock traded up $0.12 on Monday, hitting $36.30. 11,665,039 shares of the company were exchanged, compared to its average volume of 14,969,737. The company has a quick ratio of 0.71, a current ratio of 0.85 and a debt-to-equity ratio of 1.45. The company has a 50-day moving average price of $35.74 and a 200 day moving average price of $34.99. The stock has a market capitalization of $67.60 billion, a price-to-earnings ratio of 23.73, a price-to-earnings-growth ratio of 2.81 and a beta of 1.30. CSX has a 1-year low of $26.22 and a 1-year high of $37.54.

CSX (NASDAQ:CSX) last released its quarterly earnings data on Thursday, October 16th. The transportation company reported $0.44 earnings per share for the quarter, topping analysts’ consensus estimates of $0.42 by $0.02. CSX had a return on equity of 24.95% and a net margin of 20.55%.The company had revenue of $3.59 billion for the quarter, compared to analyst estimates of $3.60 billion. During the same quarter in the previous year, the company posted $0.45 earnings per share. The firm’s revenue for the quarter was down .9% compared to the same quarter last year. As a group, sell-side analysts predict that CSX will post 1.83 earnings per share for the current fiscal year.

Insider Transactions at CSX

In other CSX news, EVP Kevin S. Boone sold 31,053 shares of CSX stock in a transaction that occurred on Wednesday, October 22nd. The stock was sold at an average price of $36.09, for a total transaction of $1,120,702.77. Following the transaction, the executive vice president owned 197,521 shares of the company’s stock, valued at $7,128,532.89. The trade was a 13.59% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Stephen F. Angel bought 55,000 shares of the firm’s stock in a transaction dated Monday, October 20th. The shares were acquired at an average price of $36.87 per share, with a total value of $2,027,850.00. Following the purchase, the chief executive officer directly owned 58,234 shares of the company’s stock, valued at approximately $2,147,087.58. This trade represents a 1,700.68% increase in their position. The SEC filing for this purchase provides additional information. Corporate insiders own 0.55% of the company’s stock.

Institutional Investors Weigh In On CSX

Institutional investors have recently made changes to their positions in the stock. Crestwood Advisors Group LLC acquired a new position in shares of CSX in the 2nd quarter valued at approximately $237,000. City Holding Co. increased its stake in shares of CSX by 91.8% in the third quarter. City Holding Co. now owns 47,821 shares of the transportation company’s stock worth $1,698,000 after buying an additional 22,883 shares during the last quarter. Arkadios Wealth Advisors raised its holdings in CSX by 83.4% in the second quarter. Arkadios Wealth Advisors now owns 48,182 shares of the transportation company’s stock valued at $1,572,000 after acquiring an additional 21,906 shares in the last quarter. Farther Finance Advisors LLC boosted its stake in CSX by 89.0% during the 2nd quarter. Farther Finance Advisors LLC now owns 26,745 shares of the transportation company’s stock valued at $873,000 after acquiring an additional 12,591 shares during the last quarter. Finally, TD Private Client Wealth LLC grew its holdings in CSX by 39.9% during the 2nd quarter. TD Private Client Wealth LLC now owns 42,098 shares of the transportation company’s stock worth $1,374,000 after acquiring an additional 12,016 shares in the last quarter. 73.57% of the stock is currently owned by hedge funds and other institutional investors.

About CSX

CSX Corporation is a leading North American transportation company that provides rail-based freight services and supply-chain solutions. Its operating subsidiary, CSX Transportation, moves a wide range of goods for customers across multiple industries, using a combination of long-haul rail service, intermodal operations and terminal and yard services. The company focuses on delivering efficient, reliable freight transportation between major production centers, consumption markets and port gateways.

CSX’s freight portfolio includes intermodal containers and trailers, bulk commodities, industrial products and specialized unit trains.