1 week Ago By ABMN Staff
CSX ( NASDAQ:CSX – Get Free Report ) had its price objective reduced by equities researchers at Wells Fargo & Company from $36.00 to $34.00 in a research note issued on Friday, Benzinga reports.
The brokerage currently has an “equal weight” rating on the transportation company’s stock. Wells Fargo & Company ‘s target price points to a potential upside of 4.01% from the company’s previous close.
CSX has been the subject of a number of other reports. TD Cowen dropped their price objective on CSX from $36.00 to $35.
00 and set a “hold” rating for the company in a report on Thursday, October 17th. Stephens restated an “overweight” rating and issued a $38.00 price objective on shares of CSX in a report on Friday.
Loop Capital decreased their target price on CSX from $43.00 to $42.00 and set a “buy” rating for the company in a report on Thursday, October 17th.
BMO Capital Markets cut their price target on shares of CSX from $40.00 to $39.00 and set an “outperform” rating on the stock in a report on Thursday, October 17th.
Finally, Susquehanna decreased their price objective on shares of CSX from $40.00 to $39.00 and set a “positive” rating for the company in a research note on Wednesday, January 8th.
Six analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $37.
68. Get Our Latest Report on CSX CSX Stock Performance CSX ( NASDAQ:CSX – Get Free Report ) last released its earnings results on Thursday, January 23rd. The transportation company reported $0.
42 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.02).
CSX had a return on equity of 28.92% and a net margin of 24.77%.
On average, research analysts predict that CSX will post 1.83 earnings per share for the current year. Institutional Investors Weigh In On CSX Hedge funds and other institutional investors have recently bought and sold shares of the business.
Public Sector Pension Investment Board increased its stake in shares of CSX by 69.3% in the second quarter. Public Sector Pension Investment Board now owns 74,576 shares of the transportation company’s stock worth $2,495,000 after buying an additional 30,531 shares during the last quarter.
Squarepoint Ops LLC grew its holdings in CSX by 300.9% during the 2nd quarter. Squarepoint Ops LLC now owns 538,329 shares of the transportation company’s stock worth $18,007,000 after acquiring an additional 404,037 shares in the last quarter.
AlTi Global Inc. increased its position in shares of CSX by 5.2% in the 2nd quarter.
AlTi Global Inc. now owns 6,890 shares of the transportation company’s stock worth $230,000 after purchasing an additional 342 shares during the last quarter. Daymark Wealth Partners LLC raised its stake in shares of CSX by 9.
6% in the 2nd quarter. Daymark Wealth Partners LLC now owns 32,657 shares of the transportation company’s stock valued at $1,092,000 after purchasing an additional 2,860 shares in the last quarter. Finally, Dark Forest Capital Management LP bought a new position in shares of CSX during the second quarter worth about $221,000.
73.57% of the stock is currently owned by hedge funds and other institutional investors. About CSX ( Get Free Report ) 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. Featured Articles 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.
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