CSX (NASDAQ:CSX) Price Target Lowered to $39.00 at Citigroup

CSX (NASDAQ:CSX) had its target price reduced by Citigroup from $40.00 to $39.00 in a research report sent to investors on Friday morning,Benzinga reports. They currently have a buy rating on the transportation company’s stock.

A number of other equities research analysts have also recently weighed in on the stock. TD Cowen cut their price objective on shares of CSX from $36.00 to $35.00 and set a “hold” rating on the stock in a report on Thursday, October 17th. Robert W. Baird cut 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. Barclays lowered their price objective on CSX from $41.00 to $40.00 and set an “overweight” rating for the company in a research note on Friday, January 17th. Evercore ISI cut their target price on CSX from $38.00 to $37.00 and set an “outperform” rating on the stock in a research note on Thursday, October 17th. Finally, Wells Fargo & Company lowered their price target on CSX from $35.00 to $34.00 and set an “equal weight” rating for the company in a research report on Thursday, October 17th. Six equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $37.68.

CSX Price Performance

CSX stock opened at $32.69 on Friday. The company has a debt-to-equity ratio of 1.43, a current ratio of 1.39 and a quick ratio of 1.23. CSX has a 1 year low of $31.43 and a 1 year high of $40.12. The firm has a 50-day moving average of $33.53 and a 200 day moving average of $33.95. The company has a market cap of $63.04 billion, a P/E ratio of 17.58, a PEG ratio of 2.06 and a beta of 1.22.

CSX (NASDAQ:CSX) last released its 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 net margin of 24.77% and a return on equity of 28.92%. On average, sell-side analysts forecast that CSX will post 1.83 EPS for the current year.

Institutional Trading of CSX

Large investors have recently modified their holdings of the company. Perpetual Ltd purchased a new position in CSX in the fourth quarter worth about $83,301,000. Assenagon Asset Management S.A. lifted its stake in shares of CSX by 318.5% in the 3rd quarter. Assenagon Asset Management S.A. now owns 3,270,966 shares of the transportation company’s stock worth $112,946,000 after purchasing an additional 2,489,329 shares during the period. FMR LLC lifted its stake in shares of CSX by 10.2% in the 3rd quarter. FMR LLC now owns 15,612,862 shares of the transportation company’s stock worth $539,112,000 after purchasing an additional 1,447,651 shares during the period. Healthcare of Ontario Pension Plan Trust Fund boosted its holdings in shares of CSX by 275.3% in the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,854,075 shares of the transportation company’s stock worth $62,019,000 after buying an additional 1,360,075 shares during the last quarter. Finally, KBC Group NV grew its position in CSX by 616.4% during the fourth quarter. KBC Group NV now owns 1,114,542 shares of the transportation company’s stock valued at $35,966,000 after buying an additional 958,957 shares during the period. Institutional investors own 73.57% of the company’s stock.

About CSX

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.