CSX (NASDAQ:CSX) Stock Rating Upgraded by Jefferies Financial Group

CSX (NASDAQ:CSX) was upgraded by investment analysts at Jefferies Financial Group from a “hold” rating to a “buy” rating in a research note issued to investors on Friday, MarketBeat.com reports. The brokerage presently has a $37.00 target price on the transportation company’s stock. Jefferies Financial Group’s target price suggests a potential upside of 14.91% from the company’s current price.

CSX has been the topic of a number of other reports. Susquehanna dropped their target price on shares of CSX from $40.00 to $39.00 and set a “positive” rating on the stock in a research note on Wednesday. Evercore ISI lowered their price objective on shares of CSX from $38.00 to $37.00 and set an “outperform” rating for the company in a research note on Thursday, October 17th. Wells Fargo & Company lowered their target price on CSX from $35.00 to $34.00 and set an “equal weight” rating for the company in a report on Thursday, October 17th. Stifel Nicolaus cut their target price on CSX from $39.00 to $37.00 and set a “buy” rating on the stock in a research note on Thursday, October 17th. Finally, Royal Bank of Canada cut their price objective on shares of CSX from $36.00 to $35.00 and set a “sector perform” rating on the stock in a research report on Thursday, October 17th. Six research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $38.67.

CSX Trading Up 0.0 %

CSX opened at $32.20 on Friday. The stock has a 50-day moving average of $34.12 and a 200 day moving average of $33.99. The company has a current ratio of 1.39, a quick ratio of 1.23 and a debt-to-equity ratio of 1.43. CSX has a 12 month low of $31.43 and a 12 month high of $40.12. The firm has a market cap of $62.10 billion, a P/E ratio of 17.31, a P/E/G ratio of 2.24 and a beta of 1.22.

CSX (NASDAQ:CSX) last announced its earnings results on Wednesday, October 16th. The transportation company reported $0.46 earnings per share for the quarter, missing the consensus estimate of $0.48 by ($0.02). CSX had a net margin of 24.77% and a return on equity of 28.92%. The firm had revenue of $3.62 billion during the quarter, compared to analysts’ expectations of $3.68 billion. During the same period in the prior year, the company posted $0.42 EPS. The company’s revenue was up 1.3% compared to the same quarter last year. As a group, research analysts forecast that CSX will post 1.84 EPS for the current year.

Institutional Investors Weigh In On CSX

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Interval Partners LP boosted its stake in shares of CSX by 849.0% in the second quarter. Interval Partners LP now owns 5,118,751 shares of the transportation company’s stock worth $171,222,000 after acquiring an additional 4,579,344 shares during the last quarter. Assenagon Asset Management S.A. boosted its stake in CSX by 318.5% during the 3rd 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 last quarter. Wulff Hansen & CO. boosted its stake in CSX by 3,243.0% during the 2nd quarter. Wulff Hansen & CO. now owns 2,192,246 shares of the transportation company’s stock worth $73,331,000 after purchasing an additional 2,126,668 shares during the last quarter. Bank of Montreal Can grew its holdings in shares of CSX by 38.7% during the second quarter. Bank of Montreal Can now owns 6,749,827 shares of the transportation company’s stock worth $225,917,000 after buying an additional 1,884,998 shares in the last quarter. Finally, FMR LLC raised its position in shares of CSX by 10.2% in the third quarter. FMR LLC now owns 15,612,862 shares of the transportation company’s stock valued at $539,112,000 after buying an additional 1,447,651 shares during the last quarter. Hedge funds and other institutional investors own 73.57% of the company’s stock.

CSX Company Profile

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.