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CSX (NASDAQ:CSX) Stock Upgraded by Analysts at Atlantic Equities to “Overweight”

NewYork CSX NASDAQ:CSX

CSX (NASDAQ:CSX) Rating Improved

Atlantic Equities has boosted CSX (NASDAQ:CSX) Stock to “Overweight” in analysts report shared with investors on Wednesday, 15 March. CSX’s old rating was “Neutral”.

Despite the rating upgrade NASDAQ:CSX is right now trading 0.00% lower at $47.83 as of 2:01 AM New York time. CSX shares have [From2] 0% over the last 200 days, while the S&P 500 Index has increased 13.17% during the same time period.

Out of 24 analysts covering CSX, 14 rate it a Buy, 11 indicate a Hold while 2 suggest a Sell. The highest target is $31 and the lowest is $18 according to Thomson/First Call. The 12-month mean target is $27.71, which means downside potential of 42.07% over the current price.


Institutional Ownership

Community Bank Of Raymore had the largest stake with ownership of 741,753 shares as of Q2 2015 for 10.61% of the stock exposure. Rare Infrastructure Ltd is another bull as the fund who is owning 5.26M shares of CSX or 7.03% of their stock exposure. Furthermore, Alleghany Corp De have 5.49% of their stock exposure invested in the company for 5.00M shares. The Oklahoma-based fund Gibraltar Capital Management Inc. revealed it had acquired so far a stake worth about 5.29% of the fund’s stock portfolio in CSX. The Colorado-based fund Paragon Capital Management Ltd is also positive about the stock, possessing 149,927 shares or 4.69% of their stock exposure.

CSX (NASDAQ:CSX) Profile

CSX CorpCSX 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. The Company categorizes its products into three primary lines of business: merchandise, intermodal and coal.

CSX (NASDAQ:CSX) closed at $47.83 yesterday. A total of shares of the company’s stock traded hands. This is down from average of 10.61 million shares. CSX has a 52 week low of $24.36 and a 52 week high of $50.31. The company has a market cap of $44.08 billion and a P/E ratio of 26.42.

Get the latest CSX (NASDAQ:CSX) Stock Ratings at Octafinance. Completely free access to our Analyst Ratings Database for 6000+ stocks.

The post CSX (NASDAQ:CSX) Stock Upgraded by Analysts at Atlantic Equities to “Overweight” appeared first on Octafinance.



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CSX (NASDAQ:CSX) Stock Upgraded by Analysts at Atlantic Equities to “Overweight”

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