Analysts have upgraded the rating on CSX stock (CSX:NSD) from “Hold” to “Buy” in a note sent to investors on Monday.
Several brokerages have also issued reports on the CS stock. Raymond James raised its price target on shares of CSX from $33.00 to $36.00 and gave the company an “outperform” rating.
Credit Suisse Group decreased its target price from $38.00 to $37.00 and set an “outperform” rating for the company.
Benchmark cut its target price on shares of CSX from $36.00 to $35.00 but still maintained a “buy” rating.
Meanwhile, Susquehanna lifted its target price from $30.00 to $32.00, giving the company a “neutral” rating.
CSX Stock Price Analysis:
Despite this, the average rating of CSX stock remains at “Buy” with 11 hold ratings and 11 buy ratings, and a consensus target price of $33.22, according to Stock Target Advisor data.
Shares of CSX stock opened at $30.02 on Monday, with a market capitalization of $61.58 billion, a PE ratio of 15.47, a PEG ratio of 2.33, and a beta of 1.22.
The company has a debt-to-equity ratio of 1.42, a quick ratio of 1.42, and a current ratio of 1.56. CSX has a fifty-two week low of $25.80 and a fifty-two week high of $38.17, with a 50-day moving average price of $30.30 and a 200-day moving average price of $30.28.
CSX Stock-Quarterly Earnings Review:
CSX’s last earnings report on January 25th revealed that the transportation company posted $0.49 earnings per share for the quarter, beating the consensus estimate of $0.47 by $0.02.
The company had revenue of $3.73 billion during the quarter, compared to the consensus estimate of $3.72 billion. CSX had a return on equity of 31.48% and a net margin of 28.05%, with revenue up 8.7% compared to the same quarter last year. Analysts predict that CSX will post 1.87 earnings per share for the current fiscal year.
Hedge Funds & Institutional Holdings:
In terms of institutional investments, several hedge funds and other institutional investors have recently made changes to their positions in CSX. Fulton Bank N.A. raised its position in CSX by 4.2% during the 1st quarter, while Chronos Wealth Management LLC acquired a new stake in shares of CSX.
Tradewinds LLC. also acquired a new position in CSX, and New England Research & Management Inc. lifted its position by 0.3% during the first quarter.
Finally, Quent Capital LLC boosted its stake in CSX by 8.5% in the 1st quarter. Hedge funds and other institutional investors own 72.91% of the CSX stock.
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 serves production and distribution facilities through track connections. CSX Corporation was incorporated in 1978 and is headquartered in Jacksonville, Florida.
