CSX (CSX) Price Target Lowered to $79.00 at Credit Suisse Group

CSX (NASDAQ:CSX) had its price target lowered by Credit Suisse Group from $86.00 to $79.00 in a research report sent to investors on Monday, The Fly reports. Credit Suisse Group currently has an outperform rating on the transportation company’s stock.

A number of other research firms have also commented on CSX. Bank of America increased their price target on CSX from $77.00 to $82.00 and gave the company a buy rating in a research report on Monday, October 1st. Citigroup increased their price target on CSX from $75.00 to $85.00 and gave the company a buy rating in a research report on Monday, October 1st. Morgan Stanley increased their price target on CSX from $52.00 to $55.00 and gave the company a sell rating in a research report on Tuesday, October 9th. Stephens reissued a buy rating and issued a $85.00 price target on shares of CSX in a research report on Tuesday, October 9th. Finally, BidaskClub raised CSX from a hold rating to a buy rating in a research report on Saturday, October 6th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and fifteen have given a buy rating to the stock. The stock currently has an average rating of Buy and a consensus target price of $76.12.

Shares of CSX opened at $64.69 on Monday. The firm has a market capitalization of $53.02 billion, a P/E ratio of 28.13, a PEG ratio of 1.13 and a beta of 1.33. CSX has a 12-month low of $48.43 and a 12-month high of $76.24. The company has a current ratio of 1.43, a quick ratio of 1.29 and a debt-to-equity ratio of 1.00.

CSX (NASDAQ:CSX) last released its quarterly earnings results on Tuesday, October 16th. The transportation company reported $1.05 EPS for the quarter, beating analysts’ consensus estimates of $0.94 by $0.11. The business had revenue of $3.13 billion during the quarter, compared to analyst estimates of $3.05 billion. CSX had a return on equity of 21.38% and a net margin of 55.19%. CSX’s quarterly revenue was up 14.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.51 EPS. As a group, sell-side analysts forecast that CSX will post 3.81 earnings per share for the current fiscal year.

Institutional investors have recently made changes to their positions in the company. Highwater Wealth Management LLC bought a new position in shares of CSX during the 4th quarter worth $31,000. Moody National Bank Trust Division bought a new position in shares of CSX during the 4th quarter worth $34,000. Zions Bancorporation bought a new position in shares of CSX during the 3rd quarter worth $105,000. Acropolis Investment Management LLC bought a new position in shares of CSX during the 3rd quarter worth $107,000. Finally, Virtus Alternative Investment Advisers Inc. bought a new position in shares of CSX during the 3rd quarter worth $110,000. 75.09% of the stock is owned by hedge funds and other institutional investors.

CSX Company Profile

CSX Corporation, together with its subsidiaries, provides rail-based transportation services in the United States and Canada. The company offers rail services, as well as transports intermodal containers and trailers. It transports agricultural and food products, fertilizers, chemicals, automotive, metals and equipment, minerals, and forest products; and coal, coke, and iron ore to electricity-generating power plants, steel manufacturers, and industrial plants.

Featured Story: Book Value Per Share in Stock Trading

The Fly

Analyst Recommendations for CSX (NASDAQ:CSX)

Receive News & Ratings for CSX Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CSX and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply