CSX (NASDAQ:CSX)‘s stock had its “outperform” rating reissued by research analysts at Royal Bank of Canada in a research report issued to clients and investors on Wednesday, The Fly reports.

Several other research analysts have also commented on CSX. Cowen lifted their price target on CSX from $74.00 to $77.00 and gave the stock a “market perform” rating in a report on Wednesday. BMO Capital Markets lifted their price target on CSX from $77.00 to $80.00 and gave the stock a “market perform” rating in a report on Wednesday. Loop Capital lifted their price target on CSX to $85.00 and gave the stock a “buy” rating in a report on Wednesday. BidaskClub lowered shares of CSX from a “buy” rating to a “hold” rating in a report on Saturday, June 23rd. Finally, Citigroup boosted their price objective on shares of CSX from $67.00 to $75.00 and gave the company a “buy” rating in a report on Monday, June 25th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and fifteen have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $74.45.

NASDAQ CSX opened at $72.20 on Wednesday. CSX has a 52 week low of $48.26 and a 52 week high of $76.24. The company has a debt-to-equity ratio of 0.98, a quick ratio of 1.48 and a current ratio of 1.66. The firm has a market cap of $63.59 billion, a PE ratio of 31.39, a P/E/G ratio of 1.54 and a beta of 1.24.

CSX (NASDAQ:CSX) last posted its quarterly earnings results on Tuesday, October 16th. The transportation company reported $1.05 EPS for the quarter, topping the consensus estimate of $0.94 by $0.11. CSX had a return on equity of 19.31% and a net margin of 53.27%. The business had revenue of $3.13 billion for the quarter, compared to analyst estimates of $3.05 billion. During the same quarter in the previous year, the firm earned $0.51 EPS. The company’s quarterly revenue was up 14.1% compared to the same quarter last year. Sell-side analysts expect that CSX will post 3.61 earnings per share for the current fiscal year.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. GHP Investment Advisors Inc. grew its position in CSX by 2.3% in the 3rd quarter. GHP Investment Advisors Inc. now owns 83,000 shares of the transportation company’s stock valued at $6,146,000 after acquiring an additional 1,838 shares in the last quarter. Truewealth LLC grew its position in CSX by 631.7% in the 3rd quarter. Truewealth LLC now owns 10,193 shares of the transportation company’s stock valued at $755,000 after acquiring an additional 8,800 shares in the last quarter. Global Trust Asset Management LLC acquired a new position in CSX in the 3rd quarter valued at about $178,000. Nisa Investment Advisors LLC grew its position in shares of CSX by 7.9% during the third quarter. Nisa Investment Advisors LLC now owns 455,797 shares of the transportation company’s stock worth $33,752,000 after buying an additional 33,322 shares in the last quarter. Finally, RWC Asset Management LLP grew its position in shares of CSX by 12.2% during the third quarter. RWC Asset Management LLP now owns 1,366,079 shares of the transportation company’s stock worth $101,158,000 after buying an additional 148,832 shares in the last quarter. Hedge funds and other institutional investors own 74.62% of the company’s stock.

CSX Company Profile

CSX Corporation, together with its subsidiaries, provides rail-based transportation services in the United States and Canada. The company offers rail services, as well as transports intermodal containers and trailers. It transports agricultural and food products, fertilizers, chemicals, automotive, metals and equipment, minerals, and forest products; and coal, coke, and iron ore to electricity-generating power plants, steel manufacturers, and industrial plants.

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Analyst Recommendations for CSX (NASDAQ:CSX)

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