CSX (NASDAQ:CSX) PT Lowered to $37.00 at Stifel Nicolaus

CSX (NASDAQ:CSX) had its target price lowered by Stifel Nicolaus from $39.00 to $37.00 in a research report issued on Thursday, Benzinga reports. The brokerage presently has a “buy” rating on the transportation company’s stock. Stifel Nicolaus’ price objective indicates a potential upside of 9.66% from the stock’s current price.

Several other equities research analysts have also recently weighed in on CSX. Susquehanna lowered their price objective on shares of CSX from $42.00 to $40.00 and set a “positive” rating for the company in a research report on Thursday. Royal Bank of Canada lowered their price target 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. JPMorgan Chase & Co. lifted their price target on shares of CSX from $39.00 to $42.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 6th. Loop Capital lowered their price target on shares of CSX from $43.00 to $42.00 and set a “buy” rating for the company in a research report on Thursday. Finally, Bank of America lowered shares of CSX from a “buy” rating to a “neutral” rating and set a $37.00 price objective on the stock. in a research note on Monday, July 8th. Seven research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $38.83.

CSX Price Performance

CSX traded down $1.73 during midday trading on Thursday, hitting $33.74. The company had a trading volume of 7,788,885 shares, compared to its average volume of 11,479,732. The company has a debt-to-equity ratio of 1.42, a quick ratio of 1.01 and a current ratio of 1.16. The company has a market capitalization of $65.96 billion, a PE ratio of 18.52, a P/E/G ratio of 1.90 and a beta of 1.19. CSX has a twelve month low of $29.03 and a twelve month high of $40.12. The firm’s 50-day simple moving average is $34.05 and its 200-day simple moving average is $33.99.

CSX (NASDAQ:CSX) last posted its quarterly earnings data on Wednesday, October 16th. The transportation company reported $0.46 earnings per share for the quarter, missing the consensus estimate of $0.48 by ($0.02). The company had revenue of $3.62 billion during the quarter, compared to analyst estimates of $3.68 billion. CSX had a net margin of 24.52% and a return on equity of 29.11%. The company’s revenue was up 1.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.42 EPS. Equities research analysts predict that CSX will post 1.93 EPS for the current fiscal year.

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 CSX during the second quarter worth about $26,000. MFA Wealth Advisors LLC bought a new stake in CSX during the second quarter worth about $27,000. Financial Synergies Wealth Advisors Inc. bought a new stake in CSX during the first quarter worth about $29,000. Fairscale Capital LLC bought a new stake in CSX during the second quarter worth about $32,000. Finally, Strategic Financial Concepts LLC bought a new stake in CSX during the second quarter worth about $33,000. 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.