Susquehanna Cuts CSX (NASDAQ:CSX) Price Target to $39.00

CSX (NASDAQ:CSX) had its price target cut by Susquehanna from $40.00 to $39.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage currently has a “positive” rating on the transportation company’s stock. Susquehanna’s price objective would indicate a potential upside of 21.12% from the company’s current price.

A number of other equities research analysts have also commented on CSX. Citigroup increased their price target on CSX from $42.00 to $44.00 and gave the stock a “buy” rating in a research report on Tuesday, November 12th. Stephens lowered their target price on CSX from $41.00 to $39.00 and set an “overweight” rating for the company in a research note on Thursday, October 17th. Royal Bank of Canada reduced their price target on shares of CSX from $36.00 to $35.00 and set a “sector perform” rating on the stock in a research report on Thursday, October 17th. Wells Fargo & Company lowered their price objective on shares of CSX from $35.00 to $34.00 and set an “equal weight” rating for the company in a research report on Thursday, October 17th. Finally, Barclays upped their target price on shares of CSX from $40.00 to $41.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 13th. Seven analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat, CSX presently has an average rating of “Moderate Buy” and an average target price of $38.72.

CSX Stock Up 0.0 %

Shares of NASDAQ CSX opened at $32.20 on Wednesday. The business has a fifty day moving average of $34.12 and a two-hundred day moving average of $33.99. The company has a debt-to-equity ratio of 1.43, a quick ratio of 1.23 and a current ratio of 1.39. CSX has a 52-week low of $31.43 and a 52-week high of $40.12. The stock has a market cap of $62.10 billion, a PE ratio of 17.31, a PEG ratio of 2.24 and a beta of 1.22.

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

Institutional Trading of CSX

A number of large investors have recently bought and sold shares of CSX. Strategic Financial Concepts LLC acquired a new position in shares of CSX during the second quarter worth about $33,000. Ashton Thomas Private Wealth LLC bought a new position in shares of CSX during the 2nd quarter worth approximately $120,000. PFG Investments LLC raised its holdings in shares of CSX by 3.5% in the second quarter. PFG Investments LLC now owns 19,009 shares of the transportation company’s stock valued at $636,000 after purchasing an additional 643 shares during the last quarter. Coldstream Capital Management Inc. raised its holdings in shares of CSX by 4.9% in the second quarter. Coldstream Capital Management Inc. now owns 47,257 shares of the transportation company’s stock valued at $1,581,000 after purchasing an additional 2,220 shares during the last quarter. Finally, Headlands Technologies LLC bought a new stake in shares of CSX in the second quarter worth $841,000. 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.