CSX Co. (NASDAQ:CSX) Given Average Rating of “Moderate Buy” by Analysts

Shares of CSX Co. (NASDAQ:CSX) have received a consensus recommendation of “Moderate Buy” from the seventeen analysts that are covering the stock, MarketBeat Ratings reports. Five analysts have rated the stock with a hold recommendation and twelve have given a buy recommendation to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $38.65.

CSX has been the subject of a number of analyst reports. Barclays reduced their price objective on shares of CSX from $41.00 to $40.00 and set an “overweight” rating for the company in a research note on Friday. Stifel Nicolaus decreased their target price on CSX from $39.00 to $37.00 and set a “buy” rating for the company in a research note on Thursday, October 17th. Stephens decreased their price target on shares of CSX from $41.00 to $39.00 and set an “overweight” rating on the stock in a research note on Thursday, October 17th. Royal Bank of Canada dropped their target price on shares of CSX from $36.00 to $35.00 and set a “sector perform” rating for the company in a research report on Thursday, October 17th. Finally, Loop Capital decreased their price objective on shares of CSX from $43.00 to $42.00 and set a “buy” rating on the stock in a research note on Thursday, October 17th.

CSX Stock Down 0.7 %

Shares of CSX stock opened at $32.73 on Monday. The stock has a market capitalization of $63.12 billion, a price-to-earnings ratio of 17.60, a PEG ratio of 1.93 and a beta of 1.22. The business’s 50 day simple moving average is $33.82 and its 200-day simple moving average is $33.96. CSX has a twelve month low of $31.43 and a twelve month high of $40.12. The company has a current ratio of 1.39, a quick ratio of 1.23 and a debt-to-equity ratio of 1.43.

Institutional Investors Weigh In On CSX

Several institutional investors and hedge funds have recently bought and sold shares of CSX. Itau Unibanco Holding S.A. bought a new stake in shares of CSX during the 2nd quarter valued at approximately $26,000. Valley Wealth Managers Inc. increased 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 bought a new position in shares of CSX in the 3rd quarter valued at $31,000. Fairscale Capital LLC bought a new stake in CSX during the 2nd quarter worth $32,000. Finally, Addison Advisors LLC increased 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 worth $36,000 after purchasing an additional 812 shares in the last quarter. 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.