CSX (NASDAQ:CSX) Given New $50.00 Price Target at Susquehanna

CSX (NASDAQ:CSX) had its price target increased by analysts at Susquehanna from $44.00 to $50.00 in a report released on Friday,MarketScreener reports. The brokerage presently has a “neutral” rating on the transportation company’s stock. Susquehanna’s target price would indicate a potential upside of 6.44% from the stock’s current price.

A number of other brokerages have also commented on CSX. Weiss Ratings reaffirmed a “hold (c)” rating on shares of CSX in a research report on Monday. Bank of America boosted their price target on CSX from $49.00 to $51.00 and gave the company a “buy” rating in a report on Tuesday, May 19th. New Street Research set a $49.00 price objective on CSX in a research note on Thursday, April 23rd. Citigroup restated a “neutral” rating and set a $46.00 price objective (up from $44.00) on shares of CSX in a report on Thursday, April 23rd. Finally, Vertical Research lowered CSX from a “buy” rating to a “hold” rating and set a $44.00 target price for the company. in a research report on Thursday, April 23rd. Sixteen research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $46.42.

CSX Trading Up 1.6%

Shares of CSX traded up $0.75 during trading hours on Friday, reaching $46.98. 1,514,570 shares of the company traded hands, compared to its average volume of 13,308,250. The stock’s fifty day moving average price is $43.98 and its 200 day moving average price is $40.05. The company has a current ratio of 0.97, a quick ratio of 0.83 and a debt-to-equity ratio of 1.34. The firm has a market cap of $87.29 billion, a price-to-earnings ratio of 28.72, a PEG ratio of 2.41 and a beta of 1.22. CSX has a 12-month low of $31.80 and a 12-month high of $47.25.

CSX (NASDAQ:CSX) last posted its quarterly earnings results on Wednesday, April 22nd. The transportation company reported $0.43 EPS for the quarter, topping the consensus estimate of $0.39 by $0.04. CSX had a net margin of 21.55% and a return on equity of 24.47%. The company had revenue of $3.48 billion for the quarter, compared to the consensus estimate of $3.50 billion. During the same quarter last year, the firm posted $0.34 EPS. The firm’s revenue was up 1.7% compared to the same quarter last year. Sell-side analysts forecast that CSX will post 1.9 earnings per share for the current year.

Insider Transactions at CSX

In related news, Director John J. Zillmer sold 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, June 3rd. The shares were sold at an average price of $46.45, for a total value of $464,500.00. Following the completion of the transaction, the director owned 353,714 shares of the company’s stock, valued at $16,430,015.30. The trade was a 2.75% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.30% of the stock is currently owned by insiders.

Institutional Trading of CSX

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Cohen & Steers Inc. increased its holdings in shares of CSX by 1.2% in the 4th quarter. Cohen & Steers Inc. now owns 8,282,107 shares of the transportation company’s stock valued at $300,226,000 after acquiring an additional 98,977 shares during the period. Rhumbline Advisers lifted its stake in shares of CSX by 0.3% during the 3rd quarter. Rhumbline Advisers now owns 3,450,199 shares of the transportation company’s stock worth $122,516,000 after purchasing an additional 8,639 shares during the last quarter. Cbre Investment Management Listed Real Assets LLC lifted its stake in shares of CSX by 81.9% during the 3rd quarter. Cbre Investment Management Listed Real Assets LLC now owns 944,946 shares of the transportation company’s stock worth $33,555,000 after purchasing an additional 425,395 shares during the last quarter. Captrust Financial Advisors boosted its position in CSX by 4.4% during the fourth quarter. Captrust Financial Advisors now owns 423,312 shares of the transportation company’s stock valued at $15,345,000 after purchasing an additional 18,025 shares in the last quarter. Finally, Miller Howard Investments Inc. NY grew its stake in CSX by 6.8% in the first quarter. Miller Howard Investments Inc. NY now owns 238,817 shares of the transportation company’s stock valued at $9,803,000 after purchasing an additional 15,310 shares during the last quarter. Institutional investors own 73.57% of the company’s stock.

About CSX

CSX Corporation is a leading North American transportation company that provides rail-based freight services and supply-chain solutions. Its operating subsidiary, CSX Transportation, moves a wide range of goods for customers across multiple industries, using a combination of long-haul rail service, intermodal operations and terminal and yard services. The company focuses on delivering efficient, reliable freight transportation between major production centers, consumption markets and port gateways.

CSX’s freight portfolio includes intermodal containers and trailers, bulk commodities, industrial products and specialized unit trains.