CSX Corporation (NASDAQ:CSX) had its price objective boosted by equities researchers at Barclays PLC from $55.00 to $60.00 in a research report issued to clients and investors on Wednesday, October 18th. The firm currently has an “overweight” rating on the transportation company’s stock. Barclays PLC’s price objective would indicate a potential upside of 14.20% from the stock’s current price.
Other research analysts also recently issued reports about the stock. Zacks Investment Research downgraded shares of CSX Corporation from a “buy” rating to a “hold” rating in a research report on Friday, July 21st. J P Morgan Chase & Co lowered their price objective on shares of CSX Corporation from $60.00 to $58.00 and set an “overweight” rating for the company in a research report on Thursday, July 20th. BidaskClub downgraded shares of CSX Corporation from a “strong-buy” rating to a “buy” rating in a report on Wednesday, July 19th. TD Securities lowered their price target on shares of CSX Corporation from $64.00 to $63.00 and set a “buy” rating for the company in a report on Thursday, July 20th. Finally, UBS AG reiterated a “buy” rating and set a $63.00 price target on shares of CSX Corporation in a report on Saturday, July 22nd. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and seventeen have given a buy rating to the company. CSX Corporation has an average rating of “Buy” and a consensus target price of $56.76.
Shares of CSX Corporation (NASDAQ:CSX) traded up 0.36% during midday trading on Wednesday, hitting $52.54. The company had a trading volume of 6,438,647 shares. The stock’s 50-day moving average price is $52.90 and its 200-day moving average price is $51.85. The company has a market cap of $47.60 billion, a price-to-earnings ratio of 27.08 and a beta of 1.35. CSX Corporation has a 12 month low of $30.15 and a 12 month high of $55.48.
CSX Corporation (NASDAQ:CSX) last released its quarterly earnings results on Tuesday, October 17th. The transportation company reported $0.51 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.51. CSX Corporation had a net margin of 15.45% and a return on equity of 17.28%. The company had revenue of $2.74 billion during the quarter, compared to the consensus estimate of $2.77 billion. During the same period in the previous year, the business earned $0.48 earnings per share. The firm’s quarterly revenue was up 1.2% on a year-over-year basis. On average, equities research analysts forecast that CSX Corporation will post $2.22 EPS for the current year.
CSX Corporation announced that its board has authorized a share buyback program on Tuesday, July 18th that allows the company to repurchase $500.00 million in outstanding shares. This repurchase authorization allows the transportation company to buy up to 1% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.
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A number of large investors have recently bought and sold shares of CSX. Gradient Investments LLC increased its stake in CSX Corporation by 38.1% in the 2nd 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 increased its stake in CSX Corporation by 14.9% in the 2nd quarter. Parallel Advisors LLC now owns 2,194 shares of the transportation company’s stock valued at $108,000 after buying an additional 285 shares during the last quarter. Reilly Financial Advisors LLC increased its stake in CSX Corporation by 33.1% in the 2nd quarter. Reilly Financial Advisors LLC now owns 2,012 shares of the transportation company’s stock valued at $110,000 after buying an additional 500 shares during the last quarter. LBA Wealth Management LLC increased its stake in CSX Corporation by 323.1% in the 1st quarter. LBA Wealth Management LLC now owns 2,619 shares of the transportation company’s stock valued at $122,000 after buying an additional 2,000 shares during the last quarter. Finally, Madden Advisory Services Inc. purchased a new stake in CSX Corporation in the 1st quarter valued at about $155,000. Hedge funds and other institutional investors own 69.69% of the company’s stock.
CSX Corporation Company Profile
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.
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