CSX Corporation (NASDAQ:CSX – Get Free Report) has earned a consensus recommendation of “Moderate Buy” from the twenty-five analysts that are presently covering the stock, MarketBeat.com reports. Nine research analysts have rated the stock with a hold recommendation and sixteen have given a buy recommendation to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $47.18.
CSX has been the topic of several research reports. JPMorgan Chase & Co. boosted their price objective on shares of CSX from $42.00 to $48.00 and gave the stock an “overweight” rating in a report on Thursday, April 23rd. Sanford C. Bernstein increased their target price on shares of CSX from $36.00 to $39.00 and gave the company a “market perform” rating in a research note on Tuesday, March 31st. Barclays reissued an “overweight” rating and set a $55.00 target price (up from $47.00) on shares of CSX in a research report on Thursday, June 25th. Weiss Ratings upgraded CSX from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday. Finally, Argus upped their price target on CSX from $42.00 to $52.00 and gave the company a “buy” rating in a report on Friday, May 22nd.
Read Our Latest Stock Analysis on CSX
Insiders Place Their Bets
Hedge Funds Weigh In On CSX
Hedge funds and other institutional investors have recently made changes to their positions in the business. Cohen & Steers Inc. increased its stake in CSX by 1.2% in the fourth quarter. Cohen & Steers Inc. now owns 8,282,107 shares of the transportation company’s stock valued at $300,226,000 after acquiring an additional 98,977 shares during the period. Cbre Investment Management Listed Real Assets LLC lifted its stake in CSX by 81.9% during the third quarter. Cbre Investment Management Listed Real Assets LLC now owns 944,946 shares of the transportation company’s stock worth $33,555,000 after purchasing an additional 425,395 shares during the period. Captrust Financial Advisors lifted its stake in CSX by 4.4% during the fourth quarter. Captrust Financial Advisors now owns 423,312 shares of the transportation company’s stock worth $15,345,000 after purchasing an additional 18,025 shares during the period. Miller Howard Investments Inc. NY boosted its holdings in CSX by 6.8% during the first quarter. Miller Howard Investments Inc. NY now owns 238,817 shares of the transportation company’s stock valued at $9,803,000 after purchasing an additional 15,310 shares in the last quarter. Finally, Rathbones Group PLC boosted its holdings in CSX by 20.6% during the third quarter. Rathbones Group PLC now owns 207,454 shares of the transportation company’s stock valued at $7,367,000 after purchasing an additional 35,403 shares in the last quarter. 73.57% of the stock is owned by institutional investors.
CSX Stock Performance
Shares of CSX stock opened at $48.89 on Monday. CSX has a 1 year low of $31.80 and a 1 year high of $49.21. The company’s fifty day simple moving average is $46.23 and its 200-day simple moving average is $41.74. The company has a market cap of $90.84 billion, a price-to-earnings ratio of 29.99, a PEG ratio of 2.44 and a beta of 1.21. The company has a current ratio of 0.97, a quick ratio of 0.83 and a debt-to-equity ratio of 1.34.
CSX (NASDAQ:CSX – Get Free Report) last released its earnings results on Wednesday, April 22nd. The transportation company reported $0.43 EPS for the quarter, beating the consensus estimate of $0.39 by $0.04. CSX had a net margin of 21.55% and a return on equity of 24.47%. The firm had revenue of $3.48 billion during the quarter, compared to analysts’ expectations of $3.50 billion. During the same period in the prior year, the company earned $0.34 EPS. The business’s quarterly revenue was up 1.7% compared to the same quarter last year. As a group, sell-side analysts expect that CSX will post 1.9 EPS for the current year.
CSX Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Friday, May 29th were given a dividend of $0.14 per share. The ex-dividend date was Friday, May 29th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.1%. CSX’s payout ratio is currently 34.36%.
About CSX
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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