CSX Co. (NASDAQ:CSX) has earned an average rating of “Buy” from the twenty-four research firms that are covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and fifteen have issued a buy rating on the company. The average 12 month target price among analysts that have covered the stock in the last year is $76.12.
CSX has been the subject of a number of analyst reports. Deutsche Bank boosted their price objective on CSX from $83.00 to $84.00 and gave the company a “buy” rating in a research report on Thursday, September 27th. Citigroup boosted their price objective on CSX from $75.00 to $85.00 and gave the company a “buy” rating in a research report on Monday, October 1st. Bank of America boosted their price objective on CSX from $77.00 to $82.00 and gave the company a “buy” rating in a research report on Monday, October 1st. BidaskClub upgraded CSX from a “hold” rating to a “buy” rating in a research report on Saturday, October 6th. Finally, Morgan Stanley boosted their price objective on CSX from $52.00 to $55.00 and gave the company a “sell” rating in a research report on Tuesday, October 9th.
Institutional investors have recently made changes to their positions in the business. Highwater Wealth Management LLC bought a new stake in shares of CSX in the 4th quarter worth $31,000. Moody National Bank Trust Division bought a new stake in shares of CSX in the 4th quarter worth $34,000. Northwest Bancshares Inc. raised its stake in shares of CSX by 14.2% in the 3rd quarter. Northwest Bancshares Inc. now owns 5,630 shares of the transportation company’s stock worth $417,000 after buying an additional 700 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in shares of CSX by 1.0% in the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 80,315 shares of the transportation company’s stock worth $5,947,000 after buying an additional 784 shares in the last quarter. Finally, Geneva Partners LLC raised its stake in shares of CSX by 4.2% in the 3rd quarter. Geneva Partners LLC now owns 19,900 shares of the transportation company’s stock worth $1,474,000 after buying an additional 800 shares in the last quarter. 75.09% of the stock is currently owned by hedge funds and other institutional investors.
CSX (NASDAQ:CSX) last released its quarterly earnings data on Tuesday, October 16th. The transportation company reported $1.05 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.94 by $0.11. CSX had a return on equity of 21.38% and a net margin of 55.19%. The business had revenue of $3.13 billion during the quarter, compared to analyst estimates of $3.05 billion. During the same quarter in the previous year, the firm posted $0.51 EPS. The business’s revenue for the quarter was up 14.1% compared to the same quarter last year. Equities analysts expect that CSX will post 3.82 EPS for the current fiscal year.
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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