CSX (NASDAQ:CSX) Price Target Cut to $44.00

CSX (NASDAQ:CSX) had its price objective dropped by equities researchers at UBS Group from $46.00 to $44.00 in a note issued to investors on Thursday, Benzinga reports. The brokerage currently has a “buy” rating on the transportation company’s stock. UBS Group’s price target would suggest a potential upside of 28.13% from the company’s previous close.

Several other brokerages also recently commented on CSX. TD Cowen upped their price objective on CSX from $32.00 to $36.00 and gave the company a “market perform” rating in a research report on Thursday, January 25th. Jefferies Financial Group lowered their target price on CSX from $40.00 to $38.00 and set a “hold” rating for the company in a report on Thursday. BMO Capital Markets upped their target price on CSX from $37.00 to $38.00 and gave the stock an “outperform” rating in a report on Thursday, January 25th. StockNews.com cut CSX from a “buy” rating to a “hold” rating in a report on Wednesday, January 31st. Finally, Royal Bank of Canada lowered their target price on CSX from $37.00 to $36.00 and set a “sector perform” rating for the company in a report on Thursday. Five investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $37.72.

CSX Stock Performance

NASDAQ CSX opened at $34.34 on Thursday. The company has a market cap of $67.22 billion, a P/E ratio of 18.87, a P/E/G ratio of 1.97 and a beta of 1.18. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.91 and a current ratio of 1.05. The business’s 50 day moving average price is $36.88 and its 200-day moving average price is $34.35. CSX has a fifty-two week low of $29.03 and a fifty-two week high of $40.12.

CSX (NASDAQ:CSX) last released its earnings results on Wednesday, April 17th. The transportation company reported $0.46 earnings per share for the quarter, beating the consensus estimate of $0.45 by $0.01. The firm had revenue of $3.68 billion for the quarter, compared to the consensus estimate of $3.66 billion. CSX had a return on equity of 29.88% and a net margin of 24.75%. The company’s revenue for the quarter was down .8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.48 EPS. Sell-side analysts predict that CSX will post 1.97 earnings per share for the current year.

Institutional Trading of CSX

Hedge funds and other institutional investors have recently bought and sold shares of the stock. West Tower Group LLC acquired a new stake in shares of CSX in the fourth quarter valued at about $26,000. Fortitude Family Office LLC acquired a new stake in CSX in the 4th quarter worth about $27,000. Life Planning Partners Inc acquired a new stake in CSX in the 4th quarter worth about $27,000. Fortis Capital Advisors LLC purchased a new stake in CSX during the 4th quarter worth approximately $27,000. Finally, Financial Synergies Wealth Advisors Inc. acquired a new position in shares of CSX during the first quarter valued at approximately $29,000. 73.57% of the stock is owned by institutional investors and hedge funds.

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.