1 week Ago By ABMN Staff
CSX ( NASDAQ:CSX – Get Free Report ) 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. View Our Latest Stock Analysis on CSX CSX Price Performance CSX ( NASDAQ:CSX – Get Free Report ) 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 ( 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.
com's FREE daily email newsletter ..
