CSX (NASDAQ:CSX) Downgraded by Loop Capital to Hold

CSX (NASDAQ:CSX) was downgraded by stock analysts at Loop Capital from a “buy” rating to a “hold” rating in a note issued to investors on Monday,Briefing.com Automated Import reports. They presently have a $34.00 target price on the transportation company’s stock, down from their previous target price of $40.00. Loop Capital’s target price points to a potential upside of 3.44% from the company’s previous close.

A number of other equities analysts have also issued reports on the stock. Robert W. Baird dropped their target price on shares of CSX from $39.00 to $38.00 and set an “outperform” rating on the stock in a research report on Friday, January 24th. Raymond James reissued an “outperform” rating and issued a $37.00 price target (down previously from $38.00) on shares of CSX in a report on Friday, January 24th. Citigroup lowered their price target on shares of CSX from $40.00 to $39.00 and set a “buy” rating on the stock in a report on Friday, January 24th. Stephens reissued an “overweight” rating and issued a $38.00 price target on shares of CSX in a report on Friday, January 24th. Finally, Benchmark reissued a “buy” rating and issued a $38.00 price target on shares of CSX in a report on Monday, January 27th. Six investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $37.16.

CSX Trading Up 0.0 %

NASDAQ:CSX opened at $32.87 on Monday. CSX has a 12 month low of $31.43 and a 12 month high of $40.12. The company’s 50 day moving average is $33.33 and its 200-day moving average is $33.91. The firm has a market cap of $63.39 billion, a price-to-earnings ratio of 18.36, a P/E/G ratio of 1.90 and a beta of 1.23. The company has a quick ratio of 1.23, a current ratio of 0.86 and a debt-to-equity ratio of 1.43.

CSX (NASDAQ:CSX) last announced its earnings results on Thursday, January 23rd. The transportation company reported $0.42 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.02). CSX had a return on equity of 28.15% and a net margin of 23.95%. Equities analysts anticipate that CSX will post 1.88 EPS for the current year.

Institutional Trading of CSX

Several institutional investors and hedge funds have recently added to or reduced their stakes in CSX. Valley Wealth Managers Inc. raised its holdings in CSX by 177.8% during the 3rd quarter. Valley Wealth Managers Inc. now owns 750 shares of the transportation company’s stock worth $26,000 after purchasing an additional 480 shares during the last quarter. Morton Brown Family Wealth LLC bought a new stake in shares of CSX in the 3rd quarter valued at about $31,000. Sierra Ocean LLC bought a new stake in shares of CSX in the 4th quarter valued at about $33,000. Center for Financial Planning Inc. increased its stake in shares of CSX by 205.7% in the 4th quarter. Center for Financial Planning Inc. now owns 1,070 shares of the transportation company’s stock valued at $35,000 after acquiring an additional 720 shares during the last quarter. Finally, Addison Advisors LLC increased its stake in shares of CSX by 348.5% in the 3rd quarter. Addison Advisors LLC now owns 1,045 shares of the transportation company’s stock valued at $36,000 after acquiring an additional 812 shares during the last quarter. 73.57% of the stock is owned by institutional investors.

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.