Susquehanna Has Lowered Expectations for CSX (NASDAQ:CSX) Stock Price

CSX (NASDAQ:CSX) had its target price decreased by stock analysts at Susquehanna from $39.00 to $37.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage currently has a “positive” rating on the transportation company’s stock. Susquehanna’s target price would suggest a potential upside of 24.60% from the company’s previous close.

Several other equities analysts have also recently weighed in on the company. Benchmark restated a “buy” rating and set a $38.00 price target on shares of CSX in a report on Monday, January 27th. Royal Bank of Canada cut their target price on shares of CSX from $34.00 to $33.00 and set a “sector perform” rating for the company in a report on Friday, January 24th. Stephens reaffirmed an “overweight” rating and set a $38.00 price target on shares of CSX in a research note on Friday, January 24th. Robert W. Baird dropped their price objective on shares of CSX from $39.00 to $38.00 and set an “outperform” rating for the company in a research note on Friday, January 24th. Finally, Barclays decreased their target price on shares of CSX from $40.00 to $38.00 and set an “overweight” rating on the stock in a research report on Friday, January 24th. Seven research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $36.75.

CSX Price Performance

CSX traded down $0.21 on Thursday, hitting $29.70. 1,393,508 shares of the company’s stock traded hands, compared to its average volume of 11,700,186. CSX has a one year low of $28.98 and a one year high of $37.18. The company has a current ratio of 0.86, a quick ratio of 1.23 and a debt-to-equity ratio of 1.43. The firm has a market cap of $56.26 billion, a price-to-earnings ratio of 16.58, a P/E/G ratio of 1.92 and a beta of 1.25. The company’s 50 day simple moving average is $31.88 and its 200-day simple moving average is $33.26.

CSX (NASDAQ:CSX) last posted its earnings results 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 net margin of 23.95% and a return on equity of 28.15%. As a group, research analysts anticipate that CSX will post 1.83 EPS for the current year.

Institutional Investors Weigh In On CSX

A number of large investors have recently modified their holdings of the business. Diversified Trust Co lifted its stake in CSX by 180.7% during the 4th quarter. Diversified Trust Co now owns 72,197 shares of the transportation company’s stock valued at $2,330,000 after acquiring an additional 46,473 shares during the period. Marshall Financial Group LLC acquired a new position in CSX during the fourth quarter valued at $1,084,000. Carnegie Investment Counsel boosted its holdings in CSX by 1.4% in the fourth quarter. Carnegie Investment Counsel now owns 612,051 shares of the transportation company’s stock valued at $19,751,000 after purchasing an additional 8,474 shares during the last quarter. Nomura Asset Management Co. Ltd. grew its position in CSX by 6.8% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 653,025 shares of the transportation company’s stock worth $22,549,000 after purchasing an additional 41,547 shares during the period. Finally, Waycross Partners LLC raised its stake in shares of CSX by 7.0% during the 4th quarter. Waycross Partners LLC now owns 619,471 shares of the transportation company’s stock valued at $19,990,000 after buying an additional 40,611 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.