Benchmark Reaffirms Buy Rating for CSX (NASDAQ:CSX)

CSX (NASDAQ:CSX)‘s stock had its “buy” rating reissued by Benchmark in a report issued on Monday,Benzinga reports. They currently have a $38.00 target price on the transportation company’s stock. Benchmark’s price objective would suggest a potential upside of 16.28% from the stock’s current price.

Other analysts have also issued research reports about the stock. Barclays decreased their target price on shares of CSX from $40.00 to $38.00 and set an “overweight” rating on the stock in a research report on Friday, January 24th. TD Cowen lowered their price objective on CSX from $36.00 to $35.00 and set a “hold” rating for the company in a research report on Thursday, October 17th. Wells Fargo & Company reduced their target price on CSX from $36.00 to $34.00 and set an “equal weight” rating on the stock in a research report on Friday, January 24th. Evercore ISI decreased their price target 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, BMO Capital Markets dropped their price objective on shares of CSX from $40.00 to $38.00 and set an “outperform” rating for the company in a research note on Friday, January 24th. Six research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $37.58.

CSX Stock Down 2.9 %

Shares of NASDAQ CSX opened at $32.68 on Monday. The firm’s 50-day moving average is $33.51 and its two-hundred day moving average is $33.96. The company has a market capitalization of $63.02 billion, a PE ratio of 17.57, a price-to-earnings-growth ratio of 2.06 and a beta of 1.22. CSX has a 12-month low of $31.43 and a 12-month high of $40.12. 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 (NASDAQ:CSX) last posted its earnings results on Thursday, January 23rd. The transportation company reported $0.42 earnings per share (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%. Equities analysts anticipate that CSX will post 1.83 EPS for the current fiscal year.

Institutional Investors Weigh In On CSX

Institutional investors have recently modified their holdings of the stock. Perpetual Ltd bought a new position in CSX during the 4th quarter worth approximately $83,301,000. Assenagon Asset Management S.A. raised its position in shares of CSX by 318.5% during the 3rd quarter. Assenagon Asset Management S.A. now owns 3,270,966 shares of the transportation company’s stock valued at $112,946,000 after acquiring an additional 2,489,329 shares in the last quarter. FMR LLC lifted its stake in CSX by 10.2% during the third 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 last quarter. Healthcare of Ontario Pension Plan Trust Fund boosted its holdings in 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 purchasing an additional 1,360,075 shares during the period. Finally, KBC Group NV increased its stake 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 purchasing an additional 958,957 shares during the last quarter. Institutional investors and hedge funds 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.