CSX (CSX) PT Set at $81.00 by Scotiabank

CSX (NASDAQ:CSX) has been given a $81.00 price target by stock analysts at Scotiabank in a note issued to investors on Wednesday. The firm currently has a “hold” rating on the transportation company’s stock. Scotiabank’s price target points to a potential upside of 17.99% from the stock’s previous close.

Several other equities research analysts also recently weighed in on the stock. Stifel Nicolaus boosted their target price on shares of CSX from $74.00 to $78.00 and gave the stock a “buy” rating in a research report on Wednesday, July 18th. Raymond James boosted their target price on shares of CSX from $70.00 to $75.00 and gave the stock a “$69.00” rating in a research report on Wednesday, July 18th. BidaskClub raised shares of CSX from a “hold” rating to a “buy” rating in a research report on Wednesday, August 15th. TD Securities boosted their target price on shares of CSX from $68.00 to $71.00 and gave the stock a “$69.00” rating in a research report on Wednesday, July 18th. Finally, Cowen reissued a “$69.00” rating and issued a $74.00 target price on shares of CSX in a research report on Wednesday, July 18th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and fourteen have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $77.55.

Shares of CSX stock opened at $68.65 on Wednesday. CSX has a 12 month low of $48.26 and a 12 month high of $76.24. The company has a current ratio of 1.43, a quick ratio of 1.48 and a debt-to-equity ratio of 1.00. The firm has a market capitalization of $60.73 billion, a price-to-earnings ratio of 20.32, a PEG ratio of 1.41 and a beta of 1.24.

CSX (NASDAQ:CSX) last issued its quarterly earnings data on Tuesday, October 16th. The transportation company reported $1.05 EPS for the quarter, topping analysts’ consensus estimates of $0.94 by $0.11. CSX had a net margin of 55.19% and a return on equity of 21.38%. The firm had revenue of $3.13 billion for the quarter, compared to analyst estimates of $3.05 billion. During the same quarter in the previous year, the business posted $0.51 EPS. The firm’s revenue was up 14.1% compared to the same quarter last year. Sell-side analysts forecast that CSX will post 3.76 EPS for the current fiscal year.

Several large investors have recently made changes to their positions in the stock. Northwest Bancshares Inc. grew its position in shares of CSX by 14.2% during the 3rd quarter. Northwest Bancshares Inc. now owns 5,630 shares of the transportation company’s stock valued at $417,000 after buying an additional 700 shares during the last quarter. Captrust Financial Advisors grew its position in shares of CSX by 10.7% during the 2nd quarter. Captrust Financial Advisors now owns 7,659 shares of the transportation company’s stock valued at $488,000 after buying an additional 741 shares during the last quarter. Oregon Public Employees Retirement Fund grew its position in shares of CSX by 0.8% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 96,848 shares of the transportation company’s stock valued at $6,177,000 after buying an additional 748 shares during the last quarter. Sumitomo Life Insurance Co. grew its position in shares of CSX by 4.1% during the 2nd quarter. Sumitomo Life Insurance Co. now owns 19,295 shares of the transportation company’s stock valued at $1,231,000 after buying an additional 768 shares during the last quarter. Finally, CENTRAL TRUST Co grew its position in shares of CSX by 4.7% during the 2nd quarter. CENTRAL TRUST Co now owns 17,565 shares of the transportation company’s stock valued at $1,120,000 after buying an additional 782 shares during the last quarter. 74.82% of the stock is owned by institutional investors and hedge funds.

About CSX

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.

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Analyst Recommendations for CSX (NASDAQ:CSX)

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