CSX (NASDAQ:CSX) Receives “Buy” Rating from Benchmark

CSX (NASDAQ:CSX)‘s stock had its “buy” rating restated by research analysts at Benchmark in a report issued on Wednesday, Benzinga reports. They presently have a $40.00 price objective on the transportation company’s stock. Benchmark’s price target points to a potential upside of 17.99% from the company’s previous close.

A number of other equities analysts have also weighed in on the company. Stifel Nicolaus upped their target price on CSX from $37.00 to $39.00 and gave the stock a “buy” rating in a research report on Friday, April 12th. UBS Group lowered their price objective on shares of CSX from $46.00 to $44.00 and set a “buy” rating on the stock in a report on Thursday, April 18th. Jefferies Financial Group reduced their price objective on shares of CSX from $40.00 to $38.00 and set a “hold” rating for the company in a report on Thursday, April 18th. Stephens restated an “overweight” rating and issued a $42.00 target price on shares of CSX in a report on Tuesday. Finally, Royal Bank of Canada reissued a “sector perform” rating and set a $36.00 price objective on shares of CSX in a report on Tuesday. Seven investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, CSX currently has an average rating of “Moderate Buy” and a consensus price target of $38.80.

CSX Stock Up 0.1 %

NASDAQ CSX traded up $0.04 on Wednesday, hitting $33.90. 4,264,529 shares of the company were exchanged, compared to its average volume of 11,830,193. CSX has a 12 month low of $29.03 and a 12 month high of $40.12. The company has a current ratio of 1.15, a quick ratio of 1.00 and a debt-to-equity ratio of 1.42. The company has a market cap of $66.27 billion, a PE ratio of 18.63, a PEG ratio of 1.89 and a beta of 1.20. The stock has a fifty day moving average of $33.55 and a 200-day moving average of $35.03.

CSX (NASDAQ:CSX) last released its quarterly earnings data on Monday, August 5th. The transportation company reported $0.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.48 by $0.01. CSX had a net margin of 24.75% and a return on equity of 29.58%. The company had revenue of $3.70 billion for the quarter, compared to analysts’ expectations of $3.70 billion. During the same quarter in the prior year, the firm earned $0.49 EPS. The business’s revenue was up .0% on a year-over-year basis. As a group, analysts forecast that CSX will post 1.94 earnings per share for the current year.

Hedge Funds Weigh In On CSX

Institutional investors and hedge funds have recently bought and sold shares of the company. MFA Wealth Advisors LLC purchased a new stake in shares of CSX during the 2nd quarter valued at approximately $27,000. Financial Synergies Wealth Advisors Inc. purchased a new stake in shares of CSX during the first quarter worth $29,000. Strategic Financial Concepts LLC bought a new position in shares of CSX in the second quarter worth $33,000. Turtle Creek Wealth Advisors LLC purchased a new position in shares of CSX in the fourth quarter valued at $34,000. Finally, Burkett Financial Services LLC bought a new stake in shares of CSX during the 4th quarter valued at $34,000. 73.57% of the stock is owned by institutional investors.

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.