CSX’s (CSX) Buy Rating Reaffirmed at Benchmark

CSX (NASDAQ:CSX)‘s stock had its “buy” rating restated by equities researchers at Benchmark in a research report issued on Monday,Benzinga reports. They presently have a $38.00 price objective on the transportation company’s stock. Benchmark’s price target would suggest a potential upside of 14.55% from the stock’s current price.

A number of other research firms have also recently weighed in on CSX. Loop Capital lowered their price objective on CSX from $43.00 to $42.00 and set a “buy” rating on the stock in a research report on Thursday, October 17th. Raymond James restated an “outperform” rating and set a $37.00 price objective (down from $38.00) on shares of CSX in a research report on Friday. Stephens reaffirmed an “overweight” rating and issued a $38.00 target price on shares of CSX in a report on Friday. JPMorgan Chase & Co. decreased their price target on CSX from $38.00 to $37.00 and set an “overweight” rating on the stock in a report on Friday. Finally, Susquehanna cut their target price on CSX from $40.00 to $39.00 and set a “positive” rating for the company in a research report on Wednesday, January 8th. Six research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat, CSX currently has a consensus rating of “Moderate Buy” and a consensus price target of $37.58.

CSX Price Performance

NASDAQ CSX opened at $33.17 on Monday. The company has a 50-day moving average price of $33.53 and a 200-day moving average price of $33.96. CSX has a 52 week low of $31.43 and a 52 week high of $40.12. The company has a quick ratio of 1.23, a current ratio of 1.39 and a debt-to-equity ratio of 1.43. The firm has a market capitalization of $63.97 billion, a P/E ratio of 17.85, a PEG ratio of 2.06 and a beta of 1.22.

CSX (NASDAQ:CSX) last released its quarterly 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 28.92% and a net margin of 24.77%. Equities research analysts anticipate that CSX will post 1.83 earnings per share for the current year.

Institutional Trading of CSX

Hedge funds and other institutional investors have recently bought and sold shares of the business. Valley Wealth Managers Inc. raised its stake 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 valued at $26,000 after acquiring an additional 480 shares in the last quarter. Morton Brown Family Wealth LLC purchased a new position in CSX during the 3rd quarter worth $31,000. Addison Advisors LLC raised its position in CSX by 348.5% during the 3rd quarter. Addison Advisors LLC now owns 1,045 shares of the transportation company’s stock valued at $36,000 after purchasing an additional 812 shares in the last quarter. Fortitude Family Office LLC lifted its holdings in shares of CSX by 43.4% in the 3rd quarter. Fortitude Family Office LLC now owns 1,110 shares of the transportation company’s stock worth $38,000 after buying an additional 336 shares during the period. Finally, Synergy Asset Management LLC bought a new position in shares of CSX during the 4th quarter worth $41,000. Hedge funds and other 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.