CSX (NASDAQ:CSX) Price Target Raised to $41.00 at Evercore ISI

CSX (NASDAQ:CSX) had its target price raised by equities researchers at Evercore ISI from $39.00 to $41.00 in a research report issued to clients and investors on Thursday,MarketScreener reports. The firm presently has an “outperform” rating on the transportation company’s stock. Evercore ISI’s price objective would indicate a potential upside of 12.05% from the company’s current price.

A number of other analysts also recently issued reports on CSX. Deutsche Bank Aktiengesellschaft raised their target price on CSX from $40.00 to $43.00 and gave the stock a “buy” rating in a research report on Thursday, December 11th. TD Cowen increased their target price on shares of CSX from $38.00 to $39.00 and gave the stock a “buy” rating in a research report on Friday, October 17th. Cowen reiterated a “buy” rating on shares of CSX in a research note on Friday, October 17th. Raymond James Financial reaffirmed an “outperform” rating and issued a $40.00 price objective (up from $39.00) on shares of CSX in a report on Friday, October 17th. Finally, UBS Group set a $45.00 target price on shares of CSX and gave the company a “buy” rating in a report on Friday, October 17th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $38.88.

CSX Stock Down 0.1%

CSX stock opened at $36.59 on Thursday. The stock has a market capitalization of $68.14 billion, a P/E ratio of 23.92, a price-to-earnings-growth ratio of 3.30 and a beta of 1.30. The company has a current ratio of 0.85, a quick ratio of 0.71 and a debt-to-equity ratio of 1.45. The firm has a 50-day moving average price of $35.65 and a 200-day moving average price of $34.46. CSX has a 12 month low of $26.22 and a 12 month high of $37.54.

CSX (NASDAQ:CSX) last announced its quarterly earnings data on Thursday, October 16th. The transportation company reported $0.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.42 by $0.02. CSX had a return on equity of 24.95% and a net margin of 20.55%.The company had revenue of $3.59 billion for the quarter, compared to the consensus estimate of $3.60 billion. During the same period in the previous year, the business earned $0.45 EPS. The firm’s revenue was down .9% compared to the same quarter last year. As a group, equities research analysts anticipate that CSX will post 1.83 EPS for the current fiscal year.

Insider Activity

In other news, EVP Kevin S. Boone sold 31,053 shares of the company’s stock in a transaction dated Wednesday, October 22nd. The shares were sold at an average price of $36.09, for a total value of $1,120,702.77. Following the sale, the executive vice president directly owned 197,521 shares of the company’s stock, valued at $7,128,532.89. This represents a 13.59% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Michael S. Burns sold 24,249 shares of the firm’s stock in a transaction that occurred on Monday, October 20th. The shares were sold at an average price of $36.76, for a total value of $891,393.24. Following the transaction, the senior vice president directly owned 51,640 shares of the company’s stock, valued at approximately $1,898,286.40. This trade represents a 31.95% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.55% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On CSX

Hedge funds have recently bought and sold shares of the business. Brighton Jones LLC boosted its holdings in shares of CSX by 5.5% in the fourth quarter. Brighton Jones LLC now owns 16,254 shares of the transportation company’s stock worth $525,000 after buying an additional 849 shares during the last quarter. Wellington Management Group LLP grew its position in shares of CSX by 13.3% during the 1st quarter. Wellington Management Group LLP now owns 133,184 shares of the transportation company’s stock valued at $3,920,000 after acquiring an additional 15,605 shares during the period. BI Asset Management Fondsmaeglerselskab A S increased its stake in shares of CSX by 5.2% in the 1st quarter. BI Asset Management Fondsmaeglerselskab A S now owns 72,129 shares of the transportation company’s stock worth $2,123,000 after purchasing an additional 3,597 shares in the last quarter. Erste Asset Management GmbH lifted its position in CSX by 20.1% during the first quarter. Erste Asset Management GmbH now owns 28,824 shares of the transportation company’s stock valued at $839,000 after purchasing an additional 4,823 shares in the last quarter. Finally, Summit Financial LLC grew its holdings in CSX by 9.4% during the first quarter. Summit Financial LLC now owns 32,431 shares of the transportation company’s stock valued at $954,000 after purchasing an additional 2,797 shares during the period. Hedge funds and other institutional investors own 73.57% of the company’s stock.

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.