CSX (NASDAQ:CSX) Raised to Buy at Jefferies Financial Group

CSX (NASDAQ:CSX) was upgraded by stock analysts at Jefferies Financial Group from a “hold” rating to a “buy” rating in a research report issued on Friday, Marketbeat reports. The firm presently has a $37.00 target price on the transportation company’s stock. Jefferies Financial Group’s price objective indicates a potential upside of 16.43% from the stock’s previous close.

Other equities research analysts also recently issued research reports about the stock. TD Cowen decreased their price target on shares of CSX from $36.00 to $35.00 and set a “hold” rating on the stock in a research note on Thursday, October 17th. Barclays upped their price objective on CSX from $40.00 to $41.00 and gave the company an “overweight” rating in a research report on Wednesday, November 13th. Wells Fargo & Company cut their target price on CSX from $35.00 to $34.00 and set an “equal weight” rating on the stock in a research report on Thursday, October 17th. Susquehanna lowered their price target on CSX from $40.00 to $39.00 and set a “positive” rating for the company in a research report on Wednesday. Finally, Stifel Nicolaus reduced their target price on shares of CSX from $39.00 to $37.00 and set a “buy” rating on the stock in a research note on Thursday, October 17th. Six research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $38.67.

CSX Trading Down 1.3 %

Shares of NASDAQ:CSX opened at $31.78 on Friday. CSX has a 12-month low of $31.43 and a 12-month high of $40.12. The company has a market cap of $61.29 billion, a PE ratio of 17.09, a price-to-earnings-growth ratio of 2.24 and a beta of 1.22. The stock has a 50 day moving average of $34.09 and a 200 day moving average of $33.99. The company has a current ratio of 1.39, a quick ratio of 1.23 and a debt-to-equity ratio of 1.43.

CSX (NASDAQ:CSX) last announced its quarterly earnings data on Wednesday, October 16th. The transportation company reported $0.46 EPS for the quarter, missing the consensus estimate of $0.48 by ($0.02). CSX had a net margin of 24.77% and a return on equity of 28.92%. The business had revenue of $3.62 billion during the quarter, compared to analysts’ expectations of $3.68 billion. During the same quarter in the previous year, the firm earned $0.42 earnings per share. CSX’s revenue was up 1.3% on a year-over-year basis. As a group, equities research analysts expect that CSX will post 1.84 EPS for the current year.

Hedge Funds Weigh In On CSX

Hedge funds have recently bought and sold shares of the business. Itau Unibanco Holding S.A. acquired a new position in shares of CSX during the second quarter valued at approximately $26,000. Valley Wealth Managers Inc. grew its holdings in shares of CSX by 177.8% during the third quarter. Valley Wealth Managers Inc. now owns 750 shares of the transportation company’s stock worth $26,000 after buying an additional 480 shares in the last quarter. Morton Brown Family Wealth LLC acquired a new stake in shares of CSX in the third quarter valued at about $31,000. Fairscale Capital LLC acquired a new position in CSX during the second quarter worth about $32,000. Finally, Addison Advisors LLC raised its holdings in CSX by 348.5% in the 3rd quarter. Addison Advisors LLC now owns 1,045 shares of the transportation company’s stock valued at $36,000 after acquiring an additional 812 shares during the last quarter. Hedge funds and other 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.