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

CSX (NASDAQ:CSX) had its price target upped by investment analysts at Argus from $42.00 to $52.00 in a research note issued to investors on Friday,MarketScreener reports. The firm currently has a “buy” rating on the transportation company’s stock. Argus’ price objective would suggest a potential upside of 13.52% from the company’s previous close.

CSX has been the subject of a number of other research reports. Benchmark raised their target price on shares of CSX from $46.00 to $48.00 and gave the stock a “buy” rating in a research note on Thursday, April 23rd. The Goldman Sachs Group reissued a “neutral” rating and issued a $41.00 price target (up from $37.00) on shares of CSX in a report on Thursday, April 23rd. Citigroup restated a “neutral” rating and set a $46.00 price objective (up from $44.00) on shares of CSX in a research report on Thursday, April 23rd. New Street Research set a $49.00 price objective on CSX in a report on Thursday, April 23rd. Finally, Susquehanna reaffirmed a “neutral” rating and issued a $39.00 target price on shares of CSX in a research report on Friday, January 23rd. Sixteen equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $45.98.

CSX Stock Performance

NASDAQ:CSX traded down $0.09 on Friday, hitting $45.81. The company’s stock had a trading volume of 989,953 shares, compared to its average volume of 13,248,169. CSX has a one year low of $30.17 and a one year high of $46.74. The firm has a market capitalization of $85.12 billion, a P/E ratio of 28.10, a price-to-earnings-growth ratio of 2.39 and a beta of 1.24. The stock has a fifty day moving average of $42.63 and a two-hundred day moving average of $39.29. The company has a current ratio of 0.97, a quick ratio of 0.83 and a debt-to-equity ratio of 1.34.

CSX (NASDAQ:CSX) last announced its quarterly earnings results on Wednesday, April 22nd. The transportation company reported $0.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.39 by $0.04. CSX had a return on equity of 24.47% and a net margin of 21.55%.The business had revenue of $3.48 billion during the quarter, compared to the consensus estimate of $3.50 billion. During the same quarter last year, the firm posted $0.34 EPS. The company’s quarterly revenue was up 1.7% on a year-over-year basis. Research analysts predict that CSX will post 1.89 earnings per share for the current year.

Insider Transactions at CSX

In other news, CEO Stephen F. Angel acquired 25,000 shares of the business’s stock in a transaction that occurred on Friday, March 6th. The shares were bought at an average price of $40.27 per share, with a total value of $1,006,750.00. Following the acquisition, the chief executive officer directly owned 146,540 shares in the company, valued at $5,901,165.80. The trade was a 20.57% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. 0.30% of the stock is owned by corporate insiders.

Institutional Trading of CSX

A number of hedge funds have recently made changes to their positions in the company. FNY Investment Advisers LLC grew its holdings in shares of CSX by 437.3% during the third quarter. FNY Investment Advisers LLC now owns 720 shares of the transportation company’s stock worth $25,000 after purchasing an additional 586 shares during the last quarter. Wilkerson Advisory Group LLC raised its holdings in CSX by 97.4% in the 1st quarter. Wilkerson Advisory Group LLC now owns 829 shares of the transportation company’s stock valued at $34,000 after buying an additional 409 shares during the last quarter. WFA of San Diego LLC bought a new position in CSX in the 2nd quarter valued at approximately $28,000. CrossGen Wealth LLC acquired a new stake in CSX during the 4th quarter worth approximately $54,000. Finally, Valley Wealth Managers Inc. grew its holdings in CSX by 120.0% during the 1st quarter. Valley Wealth Managers Inc. now owns 1,650 shares of the transportation company’s stock worth $68,000 after acquiring an additional 900 shares during the last quarter. 73.57% of the stock is owned by institutional investors and hedge funds.

CSX Company Profile

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.