CSX Co. (NASDAQ:CSX – Get Rating) has earned a consensus recommendation of “Hold” from the twenty-six rating companies that currently cover the company, MarketBeat Ratings reports. One investment analyst gave the stock a sell rating, ten gave the company a hold rating and eight gave the company a buy rating. The 12-month average price target among analysts who have reported on the stock in the past year is $34.38.

→ The next big crisis is here (From Porter & Company)

Several analysts have recently released reports on CSX stocks. Susquehanna Bancshares downgraded CSX to a “neutral” rating and lowered its target price for the company from $35.00 to $29.00 in a Wednesday, September 28 research note. Benchmark reduced its target price on CSX to $32.00 in a Thursday, October 13 research report. Wells Fargo & Company raised its price target on CSX from $28.00 to $32.00 and gave the stock an “equal weight” rating in a Wednesday, Jan. 4 research report. Barclays raised its target price on CSX from $35.00 to $38.00 and gave the company an “overweight” rating in a Tuesday, November 29 research report. Finally, Vertical Research upgraded CSX from a “hold” rating to a “buy” rating in a Friday, October 14 research report.

CSX is trading down 2.5%

The NASDAQ CSX opened at $31.05 on Thursday. CSX has a 12-month low of $25.80 and a 12-month high of $38.63. The stock has a market capitalization of $65.28 billion, a P/E ratio of 16.60, a P/E/G ratio of 1.76 and a beta of 1.24. The stock’s fifty-day moving average price is $31.69 and its 200-day moving average price is $30.82. The company has a current ratio of 1.72, a quick ratio of 1.57 and a debt ratio of 1.39.

CSX (NASDAQ:CSX – Get Rating) last released its quarterly earnings data on Wednesday, January 25. The transportation company reported EPS of $0.49 for the quarter, beating the consensus estimate of $0.47 by $0.02. The company posted revenue of $3.73 billion for the quarter, versus $3.72 billion expected by analysts. CSX had a return on equity of 30.32% and a net margin of 28.06%. CSX revenue increased 8.7% from the same quarter last year. During the same period last year, the company posted earnings per share of $0.42. As a group, equity analysts expect CSX to post 1.9 EPS for the current fiscal year.

Hedge funds weigh on CSX

A number of institutional investors and hedge funds have recently increased or reduced their stake in the company. WFA of San Diego LLC bought a new position in CSX stock in the second quarter worth about $25,000. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in CSX in Q4 worth approximately $32,000. Wagner Wealth Management LLC bought a new position in CSX stock during Q2 for $41,000. Webster Bank NA acquired a new position in CSX in Q3 worth $40,000. Finally, Centerpoint Advisors LLC acquired a new position in CSX in Q4 worth $46,000. 72.91% of the shares are held by hedge funds and other institutional investors.

CSX Company Profile

(Get a rating)

CSX Corporation, together with its subsidiaries, provides rail freight transportation services. The company offers rail services; and the transportation of intermodal containers and trailers, as well as other transportation services, such as rail-to-truck transfers and bulk cargo operations. It transports chemicals, agricultural and food products, motor vehicles, minerals, forest products, fertilizers, metals and equipment; and coal, coke, and iron ore to power plants, steelmakers, and industrial plants, as well as exported coal to deep-sea port facilities.

Further reading

Analyst Recommendations for CSX (NASDAQ: CSX)

This instant news alert was powered by MarketBeat’s narrative science technology and financial data to provide readers with the fastest and most accurate reports. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send questions or comments about this story to contact@marketbeat.com.

Before you consider CSX, you’ll want to hear this.

MarketBeat tracks daily the highest rated and most successful research analysts on Wall Street and the stocks they recommend to their clients. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the market goes big…and CSX wasn’t on the list.

Although CSX currently has a “Hold” rating among analysts, top-rated analysts believe these five stocks are better buys.

See the five actions here

7 stocks to buy and hold forever

Source link

Leave A Reply