CSX (NASDAQ:CSX) Upgraded at Jefferies Financial Group

Jefferies Financial Group upgraded shares of CSX (NASDAQ:CSX) from a hold rating to a buy rating in a report issued on Friday morning, MarketBeat reports. The firm currently has $37.00 price objective on the transportation company’s stock.

Several other equities analysts also recently commented on CSX. Royal Bank of Canada lowered their price objective on CSX from $36.00 to $35.00 and set a “sector perform” rating on the stock in a research report on Thursday, October 17th. TD Cowen dropped their price target on CSX from $36.00 to $35.00 and set a “hold” rating for the company in a research note on Thursday, October 17th. Susquehanna reduced their price objective on shares of CSX from $40.00 to $39.00 and set a “positive” rating on the stock in a research report on Wednesday. Loop Capital dropped their target price 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. Finally, Wells Fargo & Company reduced their price target on shares of CSX from $35.00 to $34.00 and set an “equal weight” rating on the stock in a report on Thursday, October 17th. Six equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat, CSX has a consensus rating of “Moderate Buy” and a consensus price target of $38.67.

CSX Trading Down 1.3 %

Shares of NASDAQ:CSX opened at $31.78 on Friday. The stock has a 50 day moving average of $34.09 and a 200 day moving average of $33.98. The company has a market cap of $61.29 billion, a PE ratio of 17.09, a price-to-earnings-growth ratio of 2.24 and a beta of 1.22. CSX has a 12-month low of $31.43 and a 12-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.

CSX (NASDAQ:CSX) last announced its quarterly earnings data on Wednesday, October 16th. The transportation company reported $0.46 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.02). CSX had a return on equity of 28.92% and a net margin of 24.77%. The firm had revenue of $3.62 billion during the quarter, compared to analysts’ expectations of $3.68 billion. During the same period last year, the company earned $0.42 earnings per share. The business’s revenue for the quarter was up 1.3% on a year-over-year basis. As a group, equities research analysts expect that CSX will post 1.84 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Itau Unibanco Holding S.A. bought a new stake in shares of CSX in the 2nd quarter worth about $26,000. Valley Wealth Managers Inc. lifted its stake in CSX by 177.8% in the third quarter. Valley Wealth Managers Inc. now owns 750 shares of the transportation company’s stock worth $26,000 after purchasing an additional 480 shares during the last quarter. Morton Brown Family Wealth LLC purchased a new position in shares of CSX during the third quarter valued at approximately $31,000. Fairscale Capital LLC bought a new position in shares of CSX during the second quarter valued at approximately $32,000. Finally, Addison Advisors LLC grew its stake in shares of CSX by 348.5% during the third quarter. Addison Advisors LLC now owns 1,045 shares of the transportation company’s stock valued at $36,000 after buying an additional 812 shares during the last quarter. 73.57% of the stock is owned by hedge funds and other 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.