Jefferies Financial Group Issues Positive Forecast for CSX (NASDAQ:CSX) Stock Price

CSX (NASDAQ:CSX) had its price objective raised by investment analysts at Jefferies Financial Group from $42.00 to $50.00 in a report released on Tuesday,MarketScreener reports. The firm presently has a “buy” rating on the transportation company’s stock. Jefferies Financial Group’s target price would indicate a potential upside of 15.82% from the stock’s current price.

CSX has been the topic of a number of other reports. Morgan Stanley set a $30.00 price target on shares of CSX and gave the stock an “equal weight” rating in a research report on Monday, December 8th. Susquehanna restated a “neutral” rating and issued a $39.00 target price on shares of CSX in a research report on Friday, January 23rd. Citigroup dropped their price objective on CSX from $42.00 to $41.00 and set a “buy” rating on the stock in a research note on Friday, January 23rd. TD Cowen reaffirmed a “buy” rating on shares of CSX in a research note on Monday, January 12th. Finally, Wolfe Research dropped their price target on shares of CSX from $43.00 to $42.00 and set an “outperform” rating on the stock in a research report on Thursday, January 8th. Nineteen analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $40.10.

CSX Stock Performance

CSX stock opened at $43.17 on Tuesday. The stock’s 50 day simple moving average is $38.39 and its 200 day simple moving average is $36.15. CSX has a 12-month low of $26.22 and a 12-month high of $43.35. The firm has a market cap of $80.28 billion, a P/E ratio of 28.03, a P/E/G ratio of 2.18 and a beta of 1.26. The company has a current ratio of 0.81, a quick ratio of 0.69 and a debt-to-equity ratio of 1.38.

CSX (NASDAQ:CSX) last released its earnings results on Thursday, January 22nd. The transportation company reported $0.39 earnings per share for the quarter, missing the consensus estimate of $0.41 by ($0.02). CSX had a net margin of 20.50% and a return on equity of 23.88%. The business had revenue of $3.51 billion for the quarter, compared to the consensus estimate of $3.59 billion. During the same quarter in the previous year, the firm earned $0.42 EPS. The firm’s revenue for the quarter was down .9% on a year-over-year basis. As a group, equities research analysts predict that CSX will post 1.83 EPS for the current year.

Insider Buying and Selling at CSX

In other news, EVP Stephen Fortune sold 31,456 shares of the stock in a transaction on Tuesday, February 3rd. The stock was sold at an average price of $38.65, for a total value of $1,215,774.40. Following the completion of the sale, the executive vice president owned 82,034 shares in the company, valued at $3,170,614.10. This represents a 27.72% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Diana B. Sorfleet sold 90,000 shares of the company’s stock in a transaction on Thursday, February 19th. The shares were sold at an average price of $41.56, for a total value of $3,740,400.00. Following the transaction, the chief accounting officer directly owned 165,613 shares in the company, valued at $6,882,876.28. The trade was a 35.21% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 188,123 shares of company stock worth $7,454,854. Company insiders own 0.35% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Syon Capital LLC boosted its stake in shares of CSX by 1.0% during the 4th quarter. Syon Capital LLC now owns 28,316 shares of the transportation company’s stock valued at $1,026,000 after buying an additional 287 shares during the period. Root Financial Partners LLC grew its stake in CSX by 7.3% in the fourth quarter. Root Financial Partners LLC now owns 4,757 shares of the transportation company’s stock valued at $172,000 after purchasing an additional 323 shares in the last quarter. Kingswood Wealth Advisors LLC increased its position in CSX by 4.1% in the 3rd quarter. Kingswood Wealth Advisors LLC now owns 8,324 shares of the transportation company’s stock worth $296,000 after purchasing an additional 331 shares during the last quarter. Moloney Securities Asset Management LLC raised its stake in shares of CSX by 2.7% during the 3rd quarter. Moloney Securities Asset Management LLC now owns 13,048 shares of the transportation company’s stock worth $463,000 after purchasing an additional 339 shares in the last quarter. Finally, Walled Lake Planning & Wealth Management LLC lifted its holdings in shares of CSX by 2.7% during the 4th quarter. Walled Lake Planning & Wealth Management LLC now owns 13,235 shares of the transportation company’s stock valued at $480,000 after buying an additional 346 shares during the last quarter. Institutional investors and hedge funds own 73.57% of the company’s stock.

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.