CSX (NASDAQ:CSX) had its price target boosted by investment analysts at Deutsche Bank from $85.00 to $90.00 in a note issued to investors on Monday. The brokerage currently has a “buy” rating on the transportation company’s stock. Deutsche Bank’s target price would suggest a potential upside of 23.03% from the stock’s current price.
Several other brokerages have also weighed in on CSX. Stephens reiterated a “buy” rating and set a $85.00 price objective on shares of CSX in a report on Tuesday, October 9th. BidaskClub lowered shares of CSX from a “buy” rating to a “hold” rating in a report on Friday, August 31st. Scotiabank set a $81.00 target price on shares of CSX and gave the stock a “hold” rating in a research report on Wednesday, October 17th. Cowen boosted their target price on shares of CSX from $74.00 to $77.00 and gave the stock a “market perform” rating in a research report on Wednesday, October 17th. Finally, Argus boosted their target price on shares of CSX to $84.00 and gave the stock a “buy” rating in a research report on Thursday, October 18th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and fifteen have issued a buy rating to the company’s stock. CSX currently has an average rating of “Buy” and a consensus target price of $77.90.
Shares of NASDAQ CSX opened at $73.15 on Monday. CSX has a 1-year low of $48.43 and a 1-year high of $76.24. The stock has a market cap of $61.33 billion, a PE ratio of 31.80, a P/E/G ratio of 1.43 and a beta of 1.27. The company has a current ratio of 1.43, a quick ratio of 1.29 and a debt-to-equity ratio of 1.00.
A number of hedge funds have recently modified their holdings of CSX. Morningstar Investment Services LLC acquired a new position in CSX in the 2nd quarter worth approximately $204,000. Whitener Capital Management Inc. bought a new stake in shares of CSX in the 3rd quarter worth approximately $196,000. Millennium Management LLC lifted its holdings in shares of CSX by 13.3% in the 2nd quarter. Millennium Management LLC now owns 4,847,225 shares of the transportation company’s stock worth $309,156,000 after purchasing an additional 569,310 shares during the last quarter. Hartford Financial Management Inc. lifted its holdings in shares of CSX by 56.0% in the 2nd quarter. Hartford Financial Management Inc. now owns 109,736 shares of the transportation company’s stock worth $6,999,000 after purchasing an additional 39,409 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of CSX by 802.5% in the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 212,775 shares of the transportation company’s stock worth $13,571,000 after purchasing an additional 189,200 shares during the last quarter. 75.16% of the stock is owned by institutional investors and hedge funds.
CSX Corporation, together with its subsidiaries, provides rail-based transportation services in the United States and Canada. The company offers rail services, as well as transports intermodal containers and trailers. It transports agricultural and food products, fertilizers, chemicals, automotive, metals and equipment, minerals, and forest products; and coal, coke, and iron ore to electricity-generating power plants, steel manufacturers, and industrial plants.
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