CSX (NASDAQ:CSX – Get Free Report) released its quarterly earnings results on Thursday. The transportation company reported $0.42 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.02), Zacks reports. CSX had a net margin of 24.77% and a return on equity of 28.92%.
CSX Stock Performance
NASDAQ:CSX traded up $0.43 during midday trading on Thursday, reaching $33.67. The stock had a trading volume of 17,088,339 shares, compared to its average volume of 14,761,280. The stock has a market capitalization of $64.93 billion, a P/E ratio of 18.10, a PEG ratio of 2.05 and a beta of 1.22. The company has a debt-to-equity ratio of 1.43, a current ratio of 1.39 and a quick ratio of 1.23. CSX has a 1-year low of $31.43 and a 1-year high of $40.12. The firm’s fifty day simple moving average is $33.62 and its 200-day simple moving average is $33.95.
Wall Street Analyst Weigh In
CSX has been the subject of a number of research analyst reports. Loop Capital reduced their target price on CSX from $43.00 to $42.00 and set a “buy” rating for the company in a report on Thursday, October 17th. Susquehanna decreased their price objective on CSX from $40.00 to $39.00 and set a “positive” rating for the company in a research report on Wednesday, January 8th. Jefferies Financial Group upgraded CSX from a “hold” rating to a “buy” rating and set a $37.00 target price on the stock in a report on Friday, January 10th. Stephens decreased their price target on shares of CSX from $41.00 to $39.00 and set an “overweight” rating for the company in a report on Thursday, October 17th. Finally, BMO Capital Markets dropped their price objective on shares of CSX from $40.00 to $39.00 and set an “outperform” rating on the stock in a research note on Thursday, October 17th. Six research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $38.65.
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.
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