CSX (NASDAQ:CSX) Lowered to “Hold” at ValuEngine

CSX (NASDAQ:CSX) was downgraded by stock analysts at ValuEngine from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Wednesday, ValuEngine reports.

A number of other equities analysts have also recently weighed in on CSX. Stephens upped their price objective on shares of TAKE-TWO INTERACTIVE SOFTWARE from $120.00 to $140.00 and gave the company an “overweight” rating in a research report on Wednesday. Stifel Nicolaus set a $80.00 price objective on shares of CSX and gave the company a “hold” rating in a research report on Wednesday, April 17th. Goldman Sachs Group cut shares of EXPERIAN PLC/ADR from a “buy” rating to a “neutral” rating in a research report on Wednesday, July 10th. Deutsche Bank raised shares of CYBERAGENT INC/ADR from a “hold” rating to a “buy” rating in a research report on Wednesday, June 12th. Finally, Raymond James reissued a “reduce” rating and issued a $48.00 price objective (up from $45.00) on shares of Hancock Whitney in a research report on Wednesday. Three equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and seven have given a buy rating to the stock. CSX currently has an average rating of “Hold” and a consensus target price of $78.13.

CSX stock traded down $8.17 during trading on Wednesday, reaching $71.38. 33,707,066 shares of the company’s stock were exchanged, compared to its average volume of 4,705,371. The business’s 50-day simple moving average is $77.34. The company has a debt-to-equity ratio of 1.27, a quick ratio of 1.68 and a current ratio of 1.81. CSX has a 52-week low of $58.47 and a 52-week high of $80.73. The company has a market cap of $63.52 billion, a price-to-earnings ratio of 18.59, a price-to-earnings-growth ratio of 1.32 and a beta of 1.22.

CSX (NASDAQ:CSX) last posted its quarterly earnings data on Tuesday, July 16th. The transportation company reported $1.08 earnings per share for the quarter, missing analysts’ consensus estimates of $1.11 by ($0.03). The firm had revenue of $3.06 billion during the quarter, compared to analysts’ expectations of $3.14 billion. CSX had a net margin of 27.84% and a return on equity of 26.13%. The business’s quarterly revenue was down 1.4% on a year-over-year basis. During the same period in the previous year, the company earned $1.01 earnings per share. As a group, research analysts anticipate that CSX will post 4.3 EPS for the current fiscal year.

In other news, VP Angela C. Williams sold 9,560 shares of the company’s stock in a transaction dated Thursday, April 18th. The shares were sold at an average price of $79.14, for a total value of $756,578.40. Following the sale, the vice president now owns 14,607 shares in the company, valued at approximately $1,155,997.98. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Nathan D. Goldman sold 7,000 shares of the company’s stock in a transaction dated Tuesday, June 11th. The shares were sold at an average price of $79.50, for a total transaction of $556,500.00. Following the completion of the sale, the executive vice president now owns 79,697 shares in the company, valued at approximately $6,335,911.50. The disclosure for this sale can be found here. Corporate insiders own 4.83% of the company’s stock.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CSX. Dimensional Fund Advisors LP boosted its position in CSX by 0.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 4,311,053 shares of the transportation company’s stock worth $267,854,000 after purchasing an additional 30,225 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of CSX by 6.6% in the fourth quarter. Geode Capital Management LLC now owns 10,386,802 shares of the transportation company’s stock worth $644,194,000 after buying an additional 646,745 shares during the period. Brandywine Global Investment Management LLC raised its stake in shares of CSX by 20,305.3% in the fourth quarter. Brandywine Global Investment Management LLC now owns 142,633 shares of the transportation company’s stock worth $8,862,000 after buying an additional 141,934 shares during the period. Bronfman E.L. Rothschild L.P. raised its stake in shares of CSX by 4.0% in the fourth quarter. Bronfman E.L. Rothschild L.P. now owns 4,023 shares of the transportation company’s stock worth $250,000 after buying an additional 153 shares during the period. Finally, Suntrust Banks Inc. raised its stake in shares of CSX by 15.2% in the fourth quarter. Suntrust Banks Inc. now owns 342,170 shares of the transportation company’s stock worth $21,259,000 after buying an additional 45,146 shares during the period. Hedge funds and other institutional investors own 75.74% 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, as well as transports intermodal containers and trailers. It transports chemicals, automotive, agricultural and food products, minerals, fertilizers, forest products, and metals and equipment; and coal, coke, and iron ore to electricity-generating power plants, steel manufacturers, and industrial plants.

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