CSX’s (CSX) Overweight Rating Reiterated at Stephens

Stephens reiterated their overweight rating on shares of CSX (NASDAQ:CSX) in a research note released on Friday,Benzinga reports. The brokerage currently has a $38.00 price target on the transportation company’s stock.

Other equities research analysts have also issued research reports about the company. Wells Fargo & Company dropped 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. Evercore ISI lowered their price objective on shares of CSX from $38.00 to $37.00 and set an “outperform” rating on the stock in a report on Thursday, October 17th. Robert W. Baird reduced their target price on shares of CSX from $39.00 to $38.00 and set an “outperform” rating for the company in a report on Friday. TD Cowen lowered 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. Finally, Barclays cut their price target on shares of CSX from $40.00 to $38.00 and set an “overweight” rating on the stock in a research report on Friday. Six investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, CSX currently has a consensus rating of “Moderate Buy” and an average target price of $37.68.

CSX Stock Down 2.9 %

Shares of NASDAQ CSX opened at $32.69 on Friday. CSX has a 52-week low of $31.43 and a 52-week high of $40.12. The company has a debt-to-equity ratio of 1.43, a quick ratio of 1.23 and a current ratio of 1.39. The stock has a market cap of $63.04 billion, a P/E ratio of 17.58, a P/E/G ratio of 2.06 and a beta of 1.22. The firm has a 50 day moving average price of $33.53 and a 200 day moving average price of $33.95.

CSX (NASDAQ:CSX) last released its quarterly earnings results on Thursday, January 23rd. The transportation company reported $0.42 EPS for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.02). CSX had a return on equity of 28.92% and a net margin of 24.77%. Analysts expect that CSX will post 1.83 EPS for the current year.

Institutional Investors Weigh In On CSX

A number of institutional investors have recently made changes to their positions in the company. Valley Wealth Managers Inc. grew its stake in shares of CSX by 177.8% in the third quarter. Valley Wealth Managers Inc. now owns 750 shares of the transportation company’s stock valued at $26,000 after acquiring an additional 480 shares in the last quarter. Morton Brown Family Wealth LLC bought a new stake in CSX in the 3rd quarter valued at about $31,000. Addison Advisors LLC grew its position in shares of CSX by 348.5% during the 3rd quarter. Addison Advisors LLC now owns 1,045 shares of the transportation company’s stock worth $36,000 after purchasing an additional 812 shares in the last quarter. Fortitude Family Office LLC increased its holdings in shares of CSX by 43.4% during the third quarter. Fortitude Family Office LLC now owns 1,110 shares of the transportation company’s stock worth $38,000 after purchasing an additional 336 shares during the period. Finally, Synergy Asset Management LLC acquired a new stake in shares of CSX in the fourth quarter valued at approximately $41,000. 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.