UBS AG Analysts Give CSX Corporation (NASDAQ:CSX) a $68.00 Price Target

CSX Corporation (NASDAQ:CSX) has been given a $68.00 price objective by equities research analysts at UBS AG in a report released on Monday, October 16th, www.benzinga.com reports. The brokerage currently has a “buy” rating on the transportation company’s stock. UBS AG’s price target points to a potential upside of 29.89% from the company’s current price.

A number of other research analysts have also weighed in on the company. Zacks Investment Research upgraded CSX Corporation from a “sell” rating to a “hold” rating in a research report on Thursday, October 12th. J P Morgan Chase & Co raised their price objective on CSX Corporation from $58.00 to $62.00 and gave the company an “overweight” rating in a research report on Thursday, October 12th. Aegis reiterated a “buy” rating and issued a $64.00 price target on shares of CSX Corporation in a research report on Tuesday, October 10th. ValuEngine lowered CSX Corporation from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd. Finally, Morgan Stanley lowered CSX Corporation from an “equal weight” rating to an “underweight” rating and dropped their price target for the stock from $44.00 to $43.00 in a research report on Monday, October 2nd. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and seventeen have assigned a buy rating to the company. CSX Corporation currently has an average rating of “Buy” and an average price target of $56.76.

Shares of CSX Corporation (NASDAQ CSX) opened at 52.35 on Monday. CSX Corporation has a 12 month low of $30.01 and a 12 month high of $55.48. The company has a market capitalization of $47.43 billion, a P/E ratio of 26.98 and a beta of 1.35. The company’s 50 day moving average price is $52.81 and its 200 day moving average price is $51.82.

CSX Corporation (NASDAQ:CSX) last issued its quarterly earnings data on Tuesday, October 17th. The transportation company reported $0.51 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.51. The firm had revenue of $2.74 billion during the quarter, compared to analyst estimates of $2.77 billion. CSX Corporation had a return on equity of 17.28% and a net margin of 15.45%. The business’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.48 earnings per share. Analysts expect that CSX Corporation will post $2.22 EPS for the current fiscal year.

CSX Corporation announced that its Board of Directors has authorized a share repurchase plan on Tuesday, July 18th that authorizes the company to buyback $500.00 million in outstanding shares. This buyback authorization authorizes the transportation company to purchase up to 1% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s board of directors believes its shares are undervalued.

COPYRIGHT VIOLATION WARNING: “UBS AG Analysts Give CSX Corporation (NASDAQ:CSX) a $68.00 Price Target” was reported by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are viewing this story on another site, it was copied illegally and reposted in violation of U.S. and international trademark & copyright laws. The legal version of this story can be read at https://www.dispatchtribunal.com/2017/10/27/csx-corporation-csx-given-a-68-00-price-target-by-ubs-ag-analysts.html.

Institutional investors and hedge funds have recently made changes to their positions in the company. Gradient Investments LLC grew its holdings in shares of CSX Corporation by 38.1% during the second quarter. Gradient Investments LLC now owns 1,954 shares of the transportation company’s stock valued at $107,000 after buying an additional 539 shares during the last quarter. Parallel Advisors LLC boosted its holdings in CSX Corporation by 14.9% in the second quarter. Parallel Advisors LLC now owns 2,194 shares of the transportation company’s stock valued at $108,000 after purchasing an additional 285 shares during the last quarter. Reilly Financial Advisors LLC boosted its holdings in CSX Corporation by 33.1% in the second quarter. Reilly Financial Advisors LLC now owns 2,012 shares of the transportation company’s stock valued at $110,000 after purchasing an additional 500 shares during the last quarter. LBA Wealth Management LLC boosted its holdings in CSX Corporation by 323.1% in the first quarter. LBA Wealth Management LLC now owns 2,619 shares of the transportation company’s stock valued at $122,000 after purchasing an additional 2,000 shares during the last quarter. Finally, Madden Advisory Services Inc. purchased a new stake in CSX Corporation in the first quarter valued at $155,000. 69.69% of the stock is currently owned by hedge funds and other institutional investors.

About CSX Corporation

CSX Corporation is a transportation company. The Company provides rail-based freight transportation services, including traditional rail service and transport of intermodal containers and trailers, as well as other transportation services, such as rail-to-truck transfers and bulk commodity operations.

Analyst Recommendations for CSX Corporation (NASDAQ:CSX)

Receive News & Ratings for CSX Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CSX Corporation and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply