CSX (NASDAQ:CSX) Price Target Lowered to $37.00 at JPMorgan Chase & Co.

CSX (NASDAQ:CSX) had its price objective cut by JPMorgan Chase & Co. from $38.00 to $37.00 in a research note published on Friday morning,Benzinga reports. They currently have an overweight rating on the transportation company’s stock.

A number of other research analysts have also recently commented on the company. Citigroup dropped their price target on CSX from $40.00 to $39.00 and set a “buy” rating on the stock in a research report on Friday. TD Cowen dropped their price target on CSX from $36.00 to $35.00 and set a “hold” rating on the stock in a research report on Thursday, October 17th. Jefferies Financial Group raised CSX from a “hold” rating to a “buy” rating and set a $37.00 price target on the stock in a research report on Friday, January 10th. Barclays dropped their price target on CSX from $40.00 to $38.00 and set an “overweight” rating on the stock in a research report on Friday. Finally, Evercore ISI decreased their price objective on CSX from $38.00 to $37.00 and set an “outperform” rating on the stock in a research note on Thursday, October 17th. Six investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to data from MarketBeat, CSX has an average rating of “Moderate Buy” and a consensus target price of $37.68.

CSX Stock Down 2.9 %

CSX stock opened at $32.69 on Friday. The stock’s fifty day simple moving average is $33.58 and its two-hundred day simple moving average is $33.95. 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 1-year low of $31.43 and a 1-year high of $40.12. The stock has a market cap of $63.04 billion, a P/E ratio of 17.58, a P/E/G ratio of 2.06 and a beta of 1.22.

CSX (NASDAQ:CSX) last posted its quarterly earnings data on Thursday, January 23rd. The transportation company reported $0.42 earnings per share for the quarter, missing the consensus estimate of $0.44 by ($0.02). CSX had a return on equity of 28.92% and a net margin of 24.77%. Analysts expect that CSX will post 1.83 EPS for the current year.

Institutional Investors Weigh In On CSX

Several institutional investors have recently bought and sold shares of CSX. Perpetual Ltd purchased a new stake in CSX during the 4th quarter valued at about $83,301,000. Assenagon Asset Management S.A. lifted its holdings in CSX by 318.5% in 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 buying an additional 2,489,329 shares during the period. FMR LLC lifted its holdings in CSX by 10.2% in the 3rd quarter. FMR LLC now owns 15,612,862 shares of the transportation company’s stock worth $539,112,000 after buying an additional 1,447,651 shares during the period. Healthcare of Ontario Pension Plan Trust Fund raised its position in shares of CSX by 275.3% in the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,854,075 shares of the transportation company’s stock worth $62,019,000 after acquiring an additional 1,360,075 shares in the last quarter. Finally, KBC Group NV raised its position in shares of CSX by 616.4% in the 4th quarter. KBC Group NV now owns 1,114,542 shares of the transportation company’s stock worth $35,966,000 after acquiring an additional 958,957 shares in the last quarter. 73.57% of the stock is currently owned by hedge funds and other institutional investors.

About CSX

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.