Brokerages Set CSX Corporation (NASDAQ:CSX) Price Target at $45.34

CSX Corporation (NASDAQ:CSXGet Free Report) has been given a consensus rating of “Moderate Buy” by the twenty-five analysts that are covering the company, Marketbeat.com reports. Nine equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating on the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $45.42.

CSX has been the topic of a number of research analyst reports. Vertical Research lowered shares of CSX from a “buy” rating to a “hold” rating and set a $44.00 price target on the stock. in a report on Thursday, April 23rd. Barclays reiterated an “overweight” rating and issued a $47.00 price target (up from $40.00) on shares of CSX in a report on Thursday, April 23rd. New Street Research set a $49.00 price target on shares of CSX in a report on Thursday, April 23rd. BMO Capital Markets lifted their price target on shares of CSX from $40.00 to $45.00 and gave the company a “market perform” rating in a report on Thursday, April 23rd. Finally, Royal Bank Of Canada raised their target price on shares of CSX from $43.00 to $47.00 and gave the company an “outperform” rating in a research note on Thursday, April 23rd.

Check Out Our Latest Stock Analysis on CSX

Insiders Place Their Bets

In other CSX news, CEO Stephen F. Angel bought 25,000 shares of the business’s stock in a transaction dated Friday, March 6th. The shares were acquired at an average price of $40.27 per share, with a total value of $1,006,750.00. Following the purchase, the chief executive officer owned 146,540 shares in the company, valued at approximately $5,901,165.80. The trade was a 20.57% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CAO Diana B. Sorfleet sold 90,000 shares of the firm’s stock in a transaction on Thursday, February 19th. The shares were sold at an average price of $41.56, for a total transaction of $3,740,400.00. Following the completion of the transaction, the chief accounting officer directly owned 165,613 shares in the company, valued at approximately $6,882,876.28. This represents a 35.21% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 0.30% of the company’s stock.

Institutional Investors Weigh In On CSX

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. FNY Investment Advisers LLC increased its stake in CSX by 437.3% during the 3rd quarter. FNY Investment Advisers LLC now owns 720 shares of the transportation company’s stock worth $25,000 after buying an additional 586 shares during the period. WFA of San Diego LLC purchased a new stake in CSX during the 2nd quarter worth $28,000. Wilkerson Advisory Group LLC increased its stake in CSX by 97.4% during the 1st quarter. Wilkerson Advisory Group LLC now owns 829 shares of the transportation company’s stock worth $34,000 after buying an additional 409 shares during the period. Pinnacle Bancorp Inc. increased its stake in CSX by 121.5% during the 3rd quarter. Pinnacle Bancorp Inc. now owns 1,329 shares of the transportation company’s stock worth $47,000 after buying an additional 729 shares during the period. Finally, CrossGen Wealth LLC purchased a new stake in CSX during the 4th quarter worth $54,000. Hedge funds and other institutional investors own 73.57% of the company’s stock.

CSX Stock Down 0.5%

Shares of CSX opened at $44.53 on Friday. The firm has a market cap of $82.74 billion, a PE ratio of 27.32, a price-to-earnings-growth ratio of 2.33 and a beta of 1.24. The company’s fifty day moving average is $42.05 and its two-hundred day moving average is $38.80. CSX has a fifty-two week low of $30.17 and a fifty-two week high of $46.55. The company has a quick ratio of 0.83, a current ratio of 0.97 and a debt-to-equity ratio of 1.34.

CSX (NASDAQ:CSXGet Free Report) last announced its quarterly earnings results on Wednesday, April 22nd. The transportation company reported $0.43 earnings per share for the quarter, beating analysts’ consensus estimates of $0.39 by $0.04. The company had revenue of $3.48 billion for the quarter, compared to analyst estimates of $3.50 billion. CSX had a net margin of 21.55% and a return on equity of 24.47%. CSX’s revenue for the quarter was up 1.7% on a year-over-year basis. During the same quarter last year, the business earned $0.34 EPS. Analysts forecast that CSX will post 1.89 earnings per share for the current year.

CSX Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Friday, May 29th will be paid a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend is Friday, May 29th. CSX’s dividend payout ratio (DPR) is currently 34.36%.

About CSX

(Get Free Report)

CSX Corporation is a leading North American transportation company that provides rail-based freight services and supply-chain solutions. Its operating subsidiary, CSX Transportation, moves a wide range of goods for customers across multiple industries, using a combination of long-haul rail service, intermodal operations and terminal and yard services. The company focuses on delivering efficient, reliable freight transportation between major production centers, consumption markets and port gateways.

CSX’s freight portfolio includes intermodal containers and trailers, bulk commodities, industrial products and specialized unit trains.

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Analyst Recommendations for CSX (NASDAQ:CSX)

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