Posted by admin on Jul 23rd, 2022

CSX (NASDAQ:CSX – Get Rating) had its price objective cut by equities research analysts at Susquehanna Bancshares from $36.00 to $35.00 in a note issued to investors on Thursday, Stock Target Advisor reports. The firm presently has a “positive” rating on the transportation company’s stock. Susquehanna Bancshares’ price objective indicates a potential upside of 13.31% from the company’s previous close.

CSX has been the subject of a number of other reports. Evercore ISI decreased their price objective on CSX from $37.00 to $35.00 in a research report on Tuesday, July 12th. Credit Suisse Group began coverage on CSX in a research report on Monday, June 27th. They set an “outperform” rating and a $35.00 price objective for the company. Loop Capital upgraded CSX from a “hold” rating to a “buy” rating and set a $38.00 price objective for the company in a research report on Thursday. JPMorgan Chase & Co. cut their price target on CSX from $39.00 to $33.00 and set a “neutral” rating for the company in a research note on Tuesday, July 12th. Finally, Argus raised their price target on CSX from $39.00 to $41.00 in a research note on Friday, April 22nd. One research analyst has rated the stock with a sell rating, six have given a hold rating and sixteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $36.52.

NASDAQ:CSX opened at $30.89 on Thursday. The company has a quick ratio of 1.32, a current ratio of 1.46 and a debt-to-equity ratio of 1.21. CSX has a 1-year low of $27.59 and a 1-year high of $38.63. The firm has a market capitalization of $67.16 billion, a price-to-earnings ratio of 17.35, a price-to-earnings-growth ratio of 1.61 and a beta of 1.21. The stock has a fifty day simple moving average of $30.23 and a 200 day simple moving average of $33.40.

CSX (NASDAQ:CSX – Get Rating) last released its quarterly earnings results on Wednesday, July 20th. The transportation company reported $0.50 earnings per share for the quarter, beating analysts’ consensus estimates of $0.47 by $0.03. CSX had a return on equity of 28.99% and a net margin of 28.24%. The business had revenue of $3.82 billion during the quarter, compared to analyst estimates of $3.67 billion. During the same quarter last year, the company posted $0.40 EPS. CSX’s revenue for the quarter was up 27.8% on a year-over-year basis. Sell-side analysts forecast that CSX will post 1.82 earnings per share for the current year.

In other news, Director John J. Zillmer sold 16,000 shares of CSX stock in a transaction that occurred on Monday, June 6th. The stock was sold at an average price of $32.25, for a total transaction of $516,000.00. Following the sale, the director now owns 320,763 shares of the company’s stock, valued at approximately $10,344,606.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.37% of the stock is owned by insiders.

Several institutional investors have recently bought and sold shares of CSX. Royal Bank of Canada boosted its stake in CSX by 294.9% in the 1st quarter. Royal Bank of Canada now owns 26,250,574 shares of the transportation company’s stock valued at $983,085,000 after buying an additional 19,602,668 shares in the last quarter. Norges Bank acquired a new stake in CSX in the 4th quarter valued at $732,770,000. Capital World Investors boosted its stake in CSX by 4.4% in the 4th quarter. Capital World Investors now owns 184,488,460 shares of the transportation company’s stock valued at $6,936,719,000 after buying an additional 7,841,524 shares in the last quarter. Third Point LLC acquired a new stake in CSX in the 1st quarter valued at $276,620,000. Finally, State Street Corp boosted its stake in CSX by 6.0% in the 1st quarter. State Street Corp now owns 100,226,817 shares of the transportation company’s stock valued at $3,753,494,000 after buying an additional 5,632,575 shares in the last quarter. Institutional investors and hedge funds own 74.81% of the company’s stock.

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 transports chemicals, agricultural and food products, automotive, minerals, 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.

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