Susquehanna Lowers CSX (NASDAQ:CSX) Price Target to $37.00

CSX (NASDAQ:CSX) had its price objective lowered by analysts at Susquehanna from $39.00 to $37.00 in a note issued to investors on Thursday, MarketBeat.com reports. The firm currently has a “positive” rating on the transportation company’s stock. Susquehanna’s target price would suggest a potential upside of 27.10% from the company’s previous close.

Several other research analysts also recently commented on CSX. Loop Capital downgraded shares of CSX from a “buy” rating to a “hold” rating and dropped their target price for the stock from $40.00 to $34.00 in a report on Monday, February 3rd. Wells Fargo & Company reduced their target price on CSX from $34.00 to $31.00 and set an “equal weight” rating for the company in a research report on Thursday. Benchmark reaffirmed a “buy” rating and set a $38.00 price objective on shares of CSX in a report on Monday, January 27th. Robert W. Baird lowered their target price on shares of CSX from $39.00 to $38.00 and set an “outperform” rating on the stock in a report on Friday, January 24th. Finally, Raymond James restated an “outperform” rating and set a $37.00 price target (down from $38.00) on shares of CSX in a research report on Friday, January 24th. Seven analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $36.75.

CSX Trading Down 2.7 %

Shares of NASDAQ CSX opened at $29.11 on Thursday. The firm has a market capitalization of $54.86 billion, a PE ratio of 16.26, a PEG ratio of 1.92 and a beta of 1.25. CSX has a one year low of $28.98 and a one year high of $37.10. The company has a current ratio of 0.86, a quick ratio of 1.23 and a debt-to-equity ratio of 1.43. The business has a 50-day moving average price of $31.75 and a two-hundred day moving average price of $33.20.

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 28.15% and a net margin of 23.95%. As a group, analysts predict that CSX will post 1.83 earnings per share for the current fiscal year.

Hedge Funds Weigh In On CSX

Hedge funds and other institutional investors have recently made changes to their positions in the company. Wellington Management Group LLP lifted its position in CSX by 14.7% during the fourth quarter. Wellington Management Group LLP now owns 117,579 shares of the transportation company’s stock worth $3,794,000 after acquiring an additional 15,029 shares during the last quarter. Mascagni Wealth Management Inc. bought a new position in CSX during the 4th quarter worth $308,000. 111 Capital acquired a new position in CSX in the 4th quarter valued at $630,000. Wealth Enhancement Advisory Services LLC lifted its position in shares of CSX by 9.0% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 945,319 shares of the transportation company’s stock valued at $30,505,000 after acquiring an additional 78,282 shares during the period. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of CSX during the 4th quarter worth $117,133,000. 73.57% of the stock is 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.