CSX (NASDAQ:CSX) Coverage Initiated at Deutsche Bank Aktiengesellschaft

Stock analysts at Deutsche Bank Aktiengesellschaft assumed coverage on shares of CSX (NASDAQ:CSX) in a research note issued on Friday, MarketBeat Ratings reports. The brokerage set a “hold” rating and a $34.00 price target on the transportation company’s stock. Deutsche Bank Aktiengesellschaft’s target price suggests a potential upside of 8.77% from the stock’s previous close.

Several other equities research analysts also recently issued reports on CSX. Raymond James reissued an “outperform” rating and set a $37.00 price objective (down previously from $38.00) on shares of CSX in a research report on Friday, January 24th. BMO Capital Markets lowered their target price on CSX from $40.00 to $38.00 and set an “outperform” rating for the company in a report on Friday, January 24th. Robert W. Baird dropped their price target on CSX from $39.00 to $38.00 and set an “outperform” rating on the stock in a research note on Friday, January 24th. Jefferies Financial Group raised CSX from a “hold” rating to a “buy” rating and set a $37.00 price objective for the company in a research report on Friday, January 10th. Finally, Citigroup dropped their target price on CSX from $40.00 to $39.00 and set a “buy” rating on the stock in a research report on Friday, January 24th. Seven research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat, CSX presently has a consensus rating of “Moderate Buy” and a consensus price target of $37.00.

CSX Stock Performance

Shares of CSX stock opened at $31.26 on Friday. The stock’s fifty day simple moving average is $32.48 and its 200 day simple moving average is $33.62. 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 company has a market capitalization of $59.23 billion, a PE ratio of 17.46, a PEG ratio of 1.92 and a beta of 1.25. CSX has a 12 month low of $30.55 and a 12 month high of $38.35.

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 28.15% and a net margin of 23.95%. On average, research analysts predict that CSX will post 1.83 EPS for the current year.

Hedge Funds Weigh In On CSX

Hedge funds have recently bought and sold shares of the business. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in CSX in the 4th quarter valued at $117,133,000. Brooklyn FI LLC bought a new position in shares of CSX in the fourth quarter worth $566,000. Jefferies Financial Group Inc. raised its stake in CSX by 55.1% in the fourth quarter. Jefferies Financial Group Inc. now owns 178,850 shares of the transportation company’s stock valued at $5,771,000 after purchasing an additional 63,551 shares in the last quarter. Bernard Wealth Management Corp. bought a new stake in CSX during the fourth quarter worth about $74,000. Finally, Pinnacle Wealth Planning Services Inc. grew its stake in CSX by 41.8% during the fourth quarter. Pinnacle Wealth Planning Services Inc. now owns 23,012 shares of the transportation company’s stock worth $743,000 after buying an additional 6,787 shares in the last quarter. 73.57% of the stock is owned by institutional investors.

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.