Several brokerages have updated their recommendations and price targets on shares of CSX (NASDAQ: CSX) in the last few weeks:
- 4/18/2024 – CSX had its price target lowered by analysts at Royal Bank of Canada from $37.00 to $36.00. They now have a “sector perform” rating on the stock.
- 4/18/2024 – CSX had its price target lowered by analysts at Jefferies Financial Group Inc. from $40.00 to $38.00. They now have a “hold” rating on the stock.
- 4/18/2024 – CSX had its price target lowered by analysts at UBS Group AG from $46.00 to $44.00. They now have a “buy” rating on the stock.
- 4/18/2024 – CSX had its “buy” rating reaffirmed by analysts at Benchmark Co.. They now have a $40.00 price target on the stock.
- 4/18/2024 – CSX had its price target lowered by analysts at Bank of America Co. from $40.00 to $39.00. They now have a “buy” rating on the stock.
- 4/12/2024 – CSX had its price target raised by analysts at Stifel Nicolaus from $37.00 to $39.00. They now have a “buy” rating on the stock.
- 4/10/2024 – CSX had its price target raised by analysts at Benchmark Co. from $38.00 to $40.00. They now have a “buy” rating on the stock.
- 4/8/2024 – CSX is now covered by analysts at Jefferies Financial Group Inc.. They set a “hold” rating and a $40.00 price target on the stock.
- 3/28/2024 – CSX had its price target raised by analysts at Susquehanna from $42.00 to $44.00. They now have a “positive” rating on the stock.
CSX Stock Performance
NASDAQ:CSX opened at $34.72 on Wednesday. The company has a debt-to-equity ratio of 1.42, a current ratio of 1.15 and a quick ratio of 1.00. The firm has a 50-day moving average of $36.79 and a two-hundred day moving average of $34.45. The stock has a market cap of $67.88 billion, a P/E ratio of 19.08, a PEG ratio of 2.05 and a beta of 1.18. CSX Co. has a 1-year low of $29.03 and a 1-year high of $40.12.
CSX (NASDAQ:CSX – Get Free Report) last issued its earnings results on Wednesday, April 17th. The transportation company reported $0.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.45 by $0.01. The business had revenue of $3.68 billion for the quarter, compared to analyst estimates of $3.66 billion. CSX had a net margin of 24.75% and a return on equity of 29.58%. The company’s revenue for the quarter was down .8% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.48 EPS. On average, research analysts expect that CSX Co. will post 1.95 earnings per share for the current fiscal year.
CSX Increases Dividend
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently made changes to their positions in CSX. Fortitude Family Office LLC bought a new stake in CSX during the fourth quarter worth approximately $27,000. Life Planning Partners Inc bought a new stake in CSX during the fourth quarter worth approximately $27,000. Financial Synergies Wealth Advisors Inc. bought a new stake in CSX during the first quarter worth approximately $29,000. Venturi Wealth Management LLC boosted its holdings in CSX by 228.4% during the third quarter. Venturi Wealth Management LLC now owns 995 shares of the transportation company’s stock worth $31,000 after buying an additional 692 shares in the last quarter. Finally, Turtle Creek Wealth Advisors LLC bought a new stake in CSX during the fourth quarter worth approximately $34,000. 73.57% of the stock is currently owned by institutional investors.
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.
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