Evercore ISI Lowers CSX (NASDAQ:CSX) Price Target to $33.00

CSX (NASDAQ:CSX) had its price target cut by equities research analysts at Evercore ISI from $35.00 to $33.00 in a research note issued on Thursday,Benzinga reports. The brokerage presently has an “outperform” rating on the transportation company’s stock. Evercore ISI’s price target would indicate a potential upside of 19.68% from the company’s previous close.

Several other analysts also recently weighed in on CSX. Royal Bank of Canada cut their target price on CSX from $34.00 to $33.00 and set a “sector perform” rating on the stock in a research note on Friday, January 24th. UBS Group reduced their price objective on shares of CSX from $39.00 to $36.00 and set a “buy” rating for the company in a report on Wednesday, April 2nd. Bank of America dropped their price target on shares of CSX from $33.00 to $30.00 and set a “neutral” rating on the stock in a research report on Thursday. Jefferies Financial Group decreased their price objective on shares of CSX from $37.00 to $33.00 and set a “buy” rating for the company in a report on Wednesday, April 9th. Finally, Citigroup dropped their target price on CSX from $39.00 to $36.00 and set a “buy” rating on the stock in a report on Tuesday, April 8th. Seven equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat.com, CSX has an average rating of “Moderate Buy” and a consensus price target of $34.60.

CSX Stock Performance

NASDAQ CSX traded up $0.22 during trading hours on Thursday, hitting $27.57. The company had a trading volume of 6,432,464 shares, compared to its average volume of 12,714,688. The company has a quick ratio of 1.23, a current ratio of 0.86 and a debt-to-equity ratio of 1.43. The firm has a market cap of $51.97 billion, a P/E ratio of 15.44, a price-to-earnings-growth ratio of 1.92 and a beta of 1.23. CSX has a fifty-two week low of $26.22 and a fifty-two week high of $37.10. The business has a fifty day simple moving average of $30.29 and a 200-day simple moving average of $32.60.

CSX (NASDAQ:CSX) last posted its earnings results on Wednesday, April 16th. The transportation company reported $0.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.05). CSX had a net margin of 23.95% and a return on equity of 28.15%. The firm had revenue of $3.42 billion for the quarter, compared to analyst estimates of $3.53 billion. Equities analysts predict that CSX will post 1.83 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CSX. Marshall & Sterling Wealth Advisors Inc. purchased a new position in shares of CSX during the 4th quarter valued at $27,000. Accredited Wealth Management LLC purchased a new position in CSX in the fourth quarter valued at about $29,000. Fourth Dimension Wealth LLC acquired a new position in CSX in the 4th quarter worth about $29,000. SBI Securities Co. Ltd. purchased a new stake in shares of CSX during the 4th quarter worth about $31,000. Finally, Sierra Ocean LLC acquired a new stake in shares of CSX during the 4th quarter valued at about $33,000. 73.57% of the stock is owned by hedge funds and other 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.