CSX (NASDAQ:CSX) Price Target Lowered to $39.00 at Citigroup

CSX (NASDAQ:CSX) had its price objective decreased by stock analysts at Citigroup from $40.00 to $39.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm presently has a “buy” rating on the transportation company’s stock. Citigroup’s price target would indicate a potential upside of 19.30% from the company’s current price.

CSX has been the topic of a number of other research reports. TD Cowen decreased their target price on shares of CSX from $36.00 to $35.00 and set a “hold” rating on the stock in a research note on Thursday, October 17th. Barclays reduced their price objective on CSX from $41.00 to $40.00 and set an “overweight” rating on the stock in a research report on Friday, January 17th. Stifel Nicolaus cut their price target on CSX from $39.00 to $37.00 and set a “buy” rating on the stock in a research note on Thursday, October 17th. Susquehanna lowered their price objective on CSX from $40.00 to $39.00 and set a “positive” rating for the company in a research note on Wednesday, January 8th. Finally, Loop Capital cut their target price on shares of CSX from $43.00 to $42.00 and set a “buy” rating on the stock in a research report on Thursday, October 17th. Six equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, CSX has a consensus rating of “Moderate Buy” and an average price target of $37.68.

CSX Price Performance

Shares of CSX stock opened at $32.69 on Friday. The business has a fifty day simple moving average of $33.53 and a 200 day simple moving average of $33.94. The company has a market cap of $63.04 billion, a P/E ratio of 17.58, a P/E/G ratio of 2.06 and a beta of 1.22. The company has a quick ratio of 1.23, a current ratio of 1.39 and a debt-to-equity ratio of 1.43. CSX has a twelve month low of $31.43 and a twelve month high of $40.12.

CSX (NASDAQ:CSX) last posted its quarterly earnings results on Thursday, January 23rd. The transportation company reported $0.42 earnings per share for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.02). CSX had a net margin of 24.77% and a return on equity of 28.92%. On average, sell-side analysts forecast that CSX will post 1.83 EPS for the current fiscal year.

Hedge Funds Weigh In On CSX

A number of institutional investors and hedge funds have recently modified their holdings of the business. Perpetual Ltd bought a new stake in CSX in the 4th quarter valued at about $83,301,000. Assenagon Asset Management S.A. raised its position in shares of CSX by 318.5% during the third quarter. Assenagon Asset Management S.A. now owns 3,270,966 shares of the transportation company’s stock worth $112,946,000 after purchasing an additional 2,489,329 shares during the period. FMR LLC lifted its holdings in shares of CSX by 10.2% in the 3rd quarter. FMR LLC now owns 15,612,862 shares of the transportation company’s stock worth $539,112,000 after purchasing an additional 1,447,651 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund grew its position in CSX by 275.3% in the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,854,075 shares of the transportation company’s stock valued at $62,019,000 after purchasing an additional 1,360,075 shares during the period. Finally, KBC Group NV increased its stake in CSX by 616.4% during the 4th quarter. KBC Group NV now owns 1,114,542 shares of the transportation company’s stock valued at $35,966,000 after purchasing an additional 958,957 shares in the last quarter. 73.57% of the stock is currently owned by institutional investors.

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.