Susquehanna Boosts CSX (NASDAQ:CSX) Price Target to $50.00

CSX (NASDAQ:CSX) had its target price increased by research analysts at Susquehanna from $44.00 to $50.00 in a research note issued on Friday,MarketScreener reports. The brokerage presently has a “neutral” rating on the transportation company’s stock. Susquehanna’s target price suggests a potential upside of 6.44% from the stock’s current price.

A number of other analysts also recently issued reports on CSX. Rothschild & Co Redburn lifted their price objective on CSX from $45.50 to $47.50 and gave the stock a “buy” rating in a research note on Tuesday, April 28th. Vertical Research downgraded CSX from a “buy” rating to a “hold” rating and set a $44.00 target price for the company. in a research report on Thursday, April 23rd. Stephens raised their target price on shares of CSX from $42.00 to $47.00 and gave the company an “overweight” rating in a report on Monday, April 6th. JPMorgan Chase & Co. upped their price target on shares of CSX from $42.00 to $48.00 and gave the company an “overweight” rating in a research note on Thursday, April 23rd. Finally, Citigroup reiterated a “neutral” rating and set a $46.00 price objective (up from $44.00) on shares of CSX in a research report on Thursday, April 23rd. Sixteen investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $46.42.

CSX Price Performance

Shares of CSX traded up $0.75 during midday trading on Friday, hitting $46.98. 1,514,570 shares of the company traded hands, compared to its average volume of 13,308,250. The firm has a 50 day moving average of $43.98 and a 200-day moving average of $40.05. CSX has a 52 week low of $31.80 and a 52 week high of $47.25. The stock has a market cap of $87.29 billion, a price-to-earnings ratio of 28.72, a PEG ratio of 2.41 and a beta of 1.22. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.83 and a current ratio of 0.97.

CSX (NASDAQ:CSX) last issued its earnings results on Wednesday, April 22nd. The transportation company reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.39 by $0.04. CSX had a return on equity of 24.47% and a net margin of 21.55%.The firm had revenue of $3.48 billion for the quarter, compared to analysts’ expectations of $3.50 billion. During the same period in the previous year, the firm posted $0.34 earnings per share. The business’s revenue was up 1.7% compared to the same quarter last year. On average, analysts forecast that CSX will post 1.9 EPS for the current fiscal year.

Insider Buying and Selling

In other CSX news, Director John J. Zillmer sold 10,000 shares of the business’s stock in a transaction on Wednesday, June 3rd. The shares were sold at an average price of $46.45, for a total transaction of $464,500.00. Following the transaction, the director owned 353,714 shares in the company, valued at $16,430,015.30. The trade was a 2.75% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.30% of the stock is owned by insiders.

Hedge Funds Weigh In On CSX

Large investors have recently made changes to their positions in the company. FNY Investment Advisers LLC raised its position in CSX by 437.3% in the 3rd quarter. FNY Investment Advisers LLC now owns 720 shares of the transportation company’s stock worth $25,000 after purchasing an additional 586 shares during the period. WFA of San Diego LLC purchased a new position in shares of CSX during the second quarter valued at approximately $28,000. Wilkerson Advisory Group LLC grew its stake in shares of CSX by 97.4% during the first quarter. Wilkerson Advisory Group LLC now owns 829 shares of the transportation company’s stock valued at $34,000 after buying an additional 409 shares during the last quarter. CrossGen Wealth LLC bought a new position in shares of CSX during the fourth quarter valued at approximately $54,000. Finally, Aventura Private Wealth LLC purchased a new stake in shares of CSX in the fourth quarter worth approximately $63,000. 73.57% of the stock is owned by hedge funds and other institutional investors.

CSX Company Profile

CSX Corporation is a leading North American transportation company that provides rail-based freight services and supply-chain solutions. Its operating subsidiary, CSX Transportation, moves a wide range of goods for customers across multiple industries, using a combination of long-haul rail service, intermodal operations and terminal and yard services. The company focuses on delivering efficient, reliable freight transportation between major production centers, consumption markets and port gateways.

CSX’s freight portfolio includes intermodal containers and trailers, bulk commodities, industrial products and specialized unit trains.