<div id="readability-page-1"><p><span>CSX (NASDAQ:CSX - Get Free Report)</span> had its price objective decreased by stock analysts at Bank of America  from $42.00 to $40.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm presently has a &#34;buy&#34; rating on the transportation company's stock. Bank of America's price target indicates a potential upside of 17.41% from the stock's current price.</p><ul><li>MarketBeat Week in Review – 08/18 - 08/22</li></ul><p>Several other analysts have also weighed in on CSX. Raymond James Financial lifted their price objective on shares of CSX from $33.00 to $37.00 and gave the company an &#34;outperform&#34; rating in a research note on Tuesday, July 15th. Citigroup boosted their price target on shares of CSX from $36.00 to $38.00 and gave the company a &#34;buy&#34; rating in a research note on Wednesday, July 9th. BMO Capital Markets lowered shares of CSX from an &#34;outperform&#34; rating to a &#34;market perform&#34; rating and set a $38.00 price target for the company. in a research note on Monday, August 18th. Wall Street Zen lowered shares of CSX from a &#34;hold&#34; rating to a &#34;sell&#34; rating in a research note on Friday, August 22nd. Finally, The Goldman Sachs Group  restated a &#34;neutral&#34; rating and set a $35.00 price target on shares of CSX in a research note on Monday, June 2nd. One research analyst  has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and six have issued  a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of &#34;Moderate Buy&#34; and an average target price of $37.32.</p><p><b>Check Out Our Latest Stock Analysis on CSX</b></p><h2>CSX Price Performance</h2><ul><li>This Railroad Stock Is Chugging Along to a New All-Time High</li></ul><p>CSX stock opened at $34.07 on Wednesday. The company has a fifty day moving average price of $34.19 and a 200-day moving average price of $31.71. The company has a market capitalization of $63.52 billion, a P/E ratio of 21.03, a PEG ratio of 2.48 and a beta of 1.25. CSX has a 52-week low of $26.22 and a 52-week high of $37.25. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.63 and a current ratio of 0.77. </p><p>CSX (NASDAQ:CSX - Get Free Report) last issued its quarterly earnings results on Wednesday, July 23rd. The transportation company reported $0.44 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.42 by $0.02. The firm had revenue of $3.57 billion for the quarter, compared to the consensus estimate of $3.57 billion. CSX had a net margin of 21.92% and a return on equity of 25.48%. The company's revenue for the quarter was down 3.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.49 EPS.  As a group, equities analysts expect that  CSX will post 1.83 EPS for the current year. </p><h2>Hedge Funds Weigh In On CSX</h2><ul><li>Golden Cross Alert: 3 Stocks With Serious Upside Potential</li></ul><p>Several hedge funds and other institutional investors have recently bought and sold shares of CSX. Nuveen LLC purchased a new stake in shares of  CSX during the 1st quarter valued at about $182,550,000.  Bank of New York Mellon Corp increased its position in shares of  CSX by 21.6% during the 1st quarter. Bank of New York Mellon Corp now owns 28,383,830 shares of the transportation company's stock valued at $835,336,000 after purchasing an additional 5,033,743 shares during the last quarter.  Allspring Global Investments Holdings LLC increased its position in shares of  CSX by 1,283.9% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 4,190,452 shares of the transportation company's stock valued at $123,786,000 after purchasing an additional 3,887,644 shares during the last quarter.  Amundi increased its holdings in  CSX by 34.5% in the 1st quarter. Amundi now owns 13,017,397 shares of the transportation company's stock worth $364,357,000 after acquiring an additional 3,341,136 shares in the last quarter.  Finally, Ameriprise Financial Inc. increased its holdings in  CSX by 12.5% in the 1st quarter. Ameriprise Financial Inc. now owns 23,456,085 shares of the transportation company's stock worth $690,359,000 after acquiring an additional 2,599,518 shares in the last quarter. Institutional investors own  73.57% of the company's stock. </p><h2>About CSX</h2> (Get Free Report)<p>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.</p><h2>Featured Articles</h2><ul><li>Five stocks we like better than CSX</li><li>Best Stocks Under $10.00 </li><li>Broadcom Price Targets Just Reached Above $400 for the First Time</li><li>With Risk Tolerance, One Size Does Not Fit All</li><li>AutoZone Pulls Into a Buy-the-Dip Opportunity</li><li>Profitably Trade Stocks at 52-Week Highs</li><li>Rocket Lab’s Bullish Case Remains Intact Despite Recent Offering</li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/RatingsAndPriceTargetChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9Q1NY?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="330" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/RatingsAndPriceTargetChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9Q1NY"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in CSX Right Now?</h2><p>Before you consider CSX, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and CSX wasn't on the list.</p><p>While CSX currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

<p>Bank of America has lowered its price target for CSX from $42.00 to $40.00 while maintaining a "buy" rating. This new target suggests a potential upside of 17.41% from the current stock price. Other analysts have varied opinions, with some raising their targets and others downgrading their ratings. CSX's stock opened at $34.07, with a market cap of $63.52 billion and a P/E ratio of 21.03. The company reported $0.44 EPS for the last quarter, exceeding estimates, but revenue was down 3.5% year-over-year.</p>

CSX (NASDAQ:CSX) Given New $40.00 Price Target at Bank of America