Robert W. Baird Lowers CSX (NASDAQ:CSX) Price Target to $38.00

CSX (NASDAQ:CSX) had its price objective decreased by investment analysts at Robert W. Baird from $39.00 to $38.00 in a note issued to investors on Friday,Benzinga reports. The firm currently has an “outperform” rating on the transportation company’s stock. Robert W. Baird’s price objective suggests a potential upside of 16.24% from the company’s previous close.

Several other brokerages have also recently commented on CSX. Jefferies Financial Group raised CSX from a “hold” rating to a “buy” rating and set a $37.00 target price on the stock in a report on Friday, January 10th. Stephens dropped their price objective on CSX from $41.00 to $39.00 and set an “overweight” rating on the stock in a research note on Thursday, October 17th. Barclays decreased their target price on CSX from $41.00 to $40.00 and set an “overweight” rating for the company in a research note on Friday, January 17th. TD Cowen dropped their price target on shares of CSX from $36.00 to $35.00 and set a “hold” rating on the stock in a research report on Thursday, October 17th. Finally, Loop Capital reduced their price objective on shares of CSX from $43.00 to $42.00 and set a “buy” rating for the company in a research report on Thursday, October 17th. Six research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to MarketBeat.com, CSX currently has an average rating of “Moderate Buy” and an average price target of $37.68.

CSX Trading Down 2.9 %

NASDAQ CSX opened at $32.69 on Friday. The company has a debt-to-equity ratio of 1.43, a quick ratio of 1.23 and a current ratio of 1.39. CSX has a one year low of $31.43 and a one year high of $40.12. The company has a 50-day simple moving average of $33.53 and a 200-day simple moving average of $33.94. The firm has a market capitalization 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.

CSX (NASDAQ:CSX) last issued its earnings results on Thursday, January 23rd. The transportation company reported $0.42 earnings per share for the quarter, missing the consensus estimate of $0.44 by ($0.02). CSX had a return on equity of 28.92% and a net margin of 24.77%. On average, equities analysts forecast 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 bought and sold shares of the business. Perpetual Ltd acquired a new stake in CSX in the fourth quarter worth about $83,301,000. Assenagon Asset Management S.A. grew its position in shares of CSX by 318.5% during the 3rd quarter. Assenagon Asset Management S.A. now owns 3,270,966 shares of the transportation company’s stock worth $112,946,000 after buying an additional 2,489,329 shares during the period. FMR LLC raised its stake in shares of CSX by 10.2% during the third quarter. FMR LLC now owns 15,612,862 shares of the transportation company’s stock worth $539,112,000 after buying an additional 1,447,651 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund lifted its holdings in CSX by 275.3% in the second 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 buying an additional 1,360,075 shares during the period. Finally, KBC Group NV boosted its stake in CSX by 616.4% in the fourth 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 last quarter. 73.57% of the stock is currently owned by institutional investors.

About CSX

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.