CSX (NASDAQ:CSX) Price Target Raised to $52.00

by · The Cerbat Gem

CSX (NASDAQ:CSX – Get Free Report) had its price target lifted by Argus from $42.00 to $52.00 in a report released on Friday,MarketScreener reports. The firm currently has a “buy” rating on the transportation company’s stock. Argus’ price objective would suggest a potential upside of 13.52% from the company’s current price.

CSX has been the subject of several other research reports. BMO Capital Markets upped their target price on shares of CSX from $40.00 to $45.00 and gave the company a “market perform” rating in a research note on Thursday, April 23rd. Royal Bank Of Canada boosted their price target on shares of CSX from $43.00 to $47.00 and gave the company an “outperform” rating in a report on Thursday, April 23rd. Rothschild & Co Redburn upped their price objective on shares of CSX from $45.50 to $47.50 and gave the company a “buy” rating in a research report on Tuesday, April 28th. New Street Research set a $49.00 price objective on CSX in a research note on Thursday, April 23rd. Finally, Citigroup reissued a “neutral” rating and issued a $46.00 target price (up from $44.00) on shares of CSX in a research note on Thursday, April 23rd. Sixteen investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $45.98.

Get Our Latest Stock Analysis on CSX

CSX Price Performance

Shares of NASDAQ CSX traded down $0.09 during trading on Friday, reaching $45.81. The company had a trading volume of 989,953 shares, compared to its average volume of 13,248,169. The stock has a market cap of $85.12 billion, a PE ratio of 28.10, a PEG ratio of 2.39 and a beta of 1.24. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.83 and a current ratio of 0.97. The business’s 50 day moving average price is $42.63 and its 200-day moving average price is $39.29. CSX has a 52 week low of $30.17 and a 52 week high of $46.74.

CSX (NASDAQ:CSX – Get Free Report) last released its earnings results on Wednesday, April 22nd. The transportation company reported $0.43 earnings per share for the quarter, topping analysts’ consensus estimates of $0.39 by $0.04. CSX had a return on equity of 24.47% and a net margin of 21.55%.The company had revenue of $3.48 billion during the quarter, compared to the consensus estimate of $3.50 billion. During the same quarter in the previous year, the company posted $0.34 earnings per share. The firm’s quarterly revenue was up 1.7% on a year-over-year basis. Analysts expect that CSX will post 1.89 earnings per share for the current year.

Insider Activity at CSX

In related news, CEO Stephen F. Angel acquired 25,000 shares of the firm’s stock in a transaction dated Friday, March 6th. The stock was bought at an average price of $40.27 per share, for a total transaction of $1,006,750.00. Following the acquisition, the chief executive officer directly owned 146,540 shares of the company’s stock, valued at approximately $5,901,165.80. The trade was a 20.57% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.30% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. FNY Investment Advisers LLC boosted its holdings in shares of CSX by 437.3% in the 3rd quarter. FNY Investment Advisers LLC now owns 720 shares of the transportation company’s stock valued at $25,000 after buying an additional 586 shares during the last quarter. WFA of San Diego LLC bought a new stake in CSX during the second quarter worth $28,000. Wilkerson Advisory Group LLC raised its position in CSX by 97.4% during the first quarter. Wilkerson Advisory Group LLC now owns 829 shares of the transportation company’s stock worth $34,000 after acquiring an additional 409 shares in the last quarter. CrossGen Wealth LLC acquired a new stake in CSX in the fourth quarter valued at $54,000. Finally, Aventura Private Wealth LLC acquired a new stake in CSX in the fourth quarter valued at $63,000. 73.57% of the stock is currently owned by institutional investors.

CSX Company Profile

(Get Free Report)

CSX Corporation is a leading North American transportation company that provides rail-based freight services and supply-chain solutions. Its operating subsidiary, CSX Transportation, moves a wide range of goods for customers across multiple industries, using a combination of long-haul rail service, intermodal operations and terminal and yard services. The company focuses on delivering efficient, reliable freight transportation between major production centers, consumption markets and port gateways.

CSX’s freight portfolio includes intermodal containers and trailers, bulk commodities, industrial products and specialized unit trains.

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