CSX (NASDAQ:CSX) Given New $37.00 Price Target at Sanford C. Bernstein

CSX (NASDAQ:CSX) had its price objective hoisted by stock analysts at Sanford C. Bernstein from $36.00 to $37.00 in a research note issued to investors on Tuesday,MarketScreener reports. The brokerage presently has a “market perform” rating on the transportation company’s stock. Sanford C. Bernstein’s target price suggests a potential upside of 3.27% from the stock’s previous close.

Several other brokerages have also recently issued reports on CSX. Robert W. Baird dropped their price objective on CSX from $44.00 to $39.00 and set an “outperform” rating on the stock in a research note on Friday. Susquehanna decreased their price target on CSX from $35.00 to $34.00 and set a “neutral” rating for the company in a research note on Thursday, September 25th. BMO Capital Markets lowered CSX from an “outperform” rating to a “market perform” rating and set a $38.00 price target on the stock. in a research note on Monday, August 18th. Citigroup boosted their target price on shares of CSX from $36.00 to $38.00 and gave the stock a “buy” rating in a research report on Wednesday, July 9th. Finally, Bank of America decreased their price target on shares of CSX from $42.00 to $40.00 and set a “buy” rating for the company in a report on Wednesday, September 24th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat.com, CSX presently has a consensus rating of “Moderate Buy” and a consensus price target of $37.50.

CSX Trading Up 5.4%

Shares of CSX stock opened at $35.83 on Tuesday. The company has a market cap of $66.80 billion, a PE ratio of 22.12, a price-to-earnings-growth ratio of 2.63 and a beta of 1.25. The stock’s 50 day simple moving average is $34.21 and its two-hundred day simple moving average is $31.86. CSX has a 1 year low of $26.22 and a 1 year high of $37.25. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.77 and a quick ratio of 0.63.

CSX (NASDAQ:CSX) last posted its quarterly earnings data on Wednesday, July 23rd. The transportation company reported $0.44 earnings per share for the quarter, beating analysts’ consensus estimates of $0.42 by $0.02. The business had revenue of $3.57 billion for the quarter, compared to analysts’ expectations of $3.57 billion. CSX had a net margin of 21.92% and a return on equity of 25.48%. The business’s revenue was down 3.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.49 earnings per share. Research analysts predict that CSX will post 1.83 earnings per share for the current year.

Institutional Investors Weigh In On CSX

Several hedge funds and other institutional investors have recently bought and sold shares of CSX. Twin Peaks Wealth Advisors LLC purchased a new stake in shares of CSX in the 2nd quarter valued at approximately $25,000. WFA of San Diego LLC acquired a new stake in CSX during the second quarter worth $28,000. Barnes Dennig Private Wealth Management LLC purchased a new stake in CSX in the first quarter valued at $30,000. Rossby Financial LCC purchased a new position in shares of CSX during the 1st quarter worth $28,000. Finally, Kessler Investment Group LLC purchased a new stake in CSX in the 1st quarter valued at about $32,000. 73.57% of the stock is currently owned by institutional investors and hedge funds.

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.