CSX (NASDAQ:CSX) was upgraded by BidaskClub from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Wednesday.

A number of other research analysts have also weighed in on the company. Royal Bank of Canada raised their price objective on CSX from $59.00 to $67.00 and gave the company an “outperform” rating in a report on Tuesday, January 9th. They noted that the move was a valuation call. Robert W. Baird restated a “buy” rating and issued a $59.00 price objective on shares of CSX in a report on Tuesday, January 9th. TD Securities lowered CSX from a “buy” rating to a “hold” rating and decreased their price objective for the company from $63.00 to $54.00 in a report on Monday, December 18th. UBS Group set a $68.00 price objective on CSX and gave the company a “buy” rating in a report on Sunday, December 17th. Finally, Scotiabank set a $55.00 price objective on CSX and gave the company a “buy” rating in a report on Friday, December 15th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and sixteen have given a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $57.28.

Shares of CSX (NASDAQ:CSX) traded up $0.56 during mid-day trading on Wednesday, reaching $59.25. The company’s stock had a trading volume of 4,722,100 shares, compared to its average volume of 9,080,000. The company has a quick ratio of 0.86, a current ratio of 1.05 and a debt-to-equity ratio of 1.08. The stock has a market cap of $52,950.00, a price-to-earnings ratio of 30.54, a P/E/G ratio of 1.61 and a beta of 1.35. CSX has a 12 month low of $36.21 and a 12 month high of $59.76.

CSX announced that its Board of Directors has initiated a share repurchase program on Wednesday, October 25th that allows the company to buyback $1.50 billion in shares. This buyback authorization allows the transportation company to purchase shares of its stock through open market purchases. Shares buyback programs are generally a sign that the company’s management believes its shares are undervalued.

In other CSX news, Director Gary Keith Anderson acquired 5,000 shares of the business’s stock in a transaction that occurred on Friday, November 24th. The stock was purchased at an average cost of $2,300.00 per share, with a total value of $11,500,000.00. 4.79% of the stock is currently owned by company insiders.

Large investors have recently modified their holdings of the stock. First Command Financial Services Inc. increased its position in shares of CSX by 130.0% during the 4th quarter. First Command Financial Services Inc. now owns 2,123 shares of the transportation company’s stock worth $117,000 after purchasing an additional 1,200 shares during the last quarter. Americafirst Capital Management LLC acquired a new stake in shares of CSX during the 3rd quarter worth about $308,000. Valeo Financial Advisors LLC acquired a new stake in shares of CSX during the 3rd quarter worth about $196,000. Laurel Wealth Advisors Inc. acquired a new stake in shares of CSX during the 2nd quarter worth about $226,000. Finally, Sterling Capital Management LLC increased its position in shares of CSX by 32.0% during the 3rd quarter. Sterling Capital Management LLC now owns 5,876 shares of the transportation company’s stock worth $319,000 after purchasing an additional 1,423 shares during the last quarter. 70.15% of the stock is owned by hedge funds and other institutional investors.

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About CSX

CSX Corporation is a transportation company. The Company provides rail-based freight transportation services, including traditional rail service and transport of intermodal containers and trailers, as well as other transportation services, such as rail-to-truck transfers and bulk commodity operations.

Analyst Recommendations for CSX (NASDAQ:CSX)

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