Benchmark Reiterates “Buy” Rating for CSX (NASDAQ:CSX)

CSX (NASDAQ:CSX)‘s stock had its “buy” rating restated by stock analysts at Benchmark in a research report issued to clients and investors on Monday,Benzinga reports. They currently have a $38.00 price objective on the transportation company’s stock. Benchmark’s price objective points to a potential upside of 14.55% from the company’s previous close.

Several other brokerages have also commented on CSX. Royal Bank of Canada lowered their price objective on shares of CSX from $34.00 to $33.00 and set a “sector perform” rating on the stock in a research report on Friday. Evercore ISI lowered their price target on shares of CSX from $38.00 to $37.00 and set an “outperform” rating on the stock in a report on Thursday, October 17th. Susquehanna reduced their price objective on CSX from $40.00 to $39.00 and set a “positive” rating for the company in a report on Wednesday, January 8th. Stifel Nicolaus lowered their target price on CSX from $39.00 to $37.00 and set a “buy” rating on the stock in a research note on Thursday, October 17th. Finally, TD Cowen cut their price target on CSX from $36.00 to $35.00 and set a “hold” rating for the company in a research note on Thursday, October 17th. Six analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $37.58.

CSX Stock Up 1.5 %

Shares of NASDAQ:CSX opened at $33.17 on Monday. CSX has a 52-week low of $31.43 and a 52-week high of $40.12. The business’s 50 day simple moving average is $33.53 and its two-hundred day simple moving average is $33.96. The company has a debt-to-equity ratio of 1.43, a quick ratio of 1.23 and a current ratio of 1.39. The firm has a market cap of $63.97 billion, a P/E ratio of 17.85, a PEG ratio of 2.06 and a beta of 1.22.

CSX (NASDAQ:CSX) last announced its quarterly 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 24.77% and a return on equity of 28.92%. As a group, research analysts forecast that CSX will post 1.83 EPS for the current fiscal year.

Institutional Investors Weigh In On CSX

Institutional investors have recently modified their holdings of the stock. Avior Wealth Management LLC lifted its holdings in shares of CSX by 2.5% during the third quarter. Avior Wealth Management LLC now owns 11,790 shares of the transportation company’s stock valued at $407,000 after purchasing an additional 293 shares in the last quarter. Lake Street Advisors Group LLC grew its stake in shares of CSX by 1.8% in the third quarter. Lake Street Advisors Group LLC now owns 17,246 shares of the transportation company’s stock worth $595,000 after acquiring an additional 306 shares during the period. Rehmann Capital Advisory Group raised its holdings in shares of CSX by 1.3% during the third quarter. Rehmann Capital Advisory Group now owns 23,990 shares of the transportation company’s stock valued at $830,000 after purchasing an additional 306 shares during the last quarter. J.W. Cole Advisors Inc. lifted its position in CSX by 0.9% during the third quarter. J.W. Cole Advisors Inc. now owns 35,401 shares of the transportation company’s stock valued at $1,222,000 after purchasing an additional 309 shares during the period. Finally, Associated Banc Corp boosted its holdings in CSX by 0.6% in the third quarter. Associated Banc Corp now owns 55,534 shares of the transportation company’s stock worth $1,918,000 after purchasing an additional 310 shares during the last quarter. 73.57% of the stock is 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.