CSX Co. (NASDAQ:CSX) Receives $38.80 Consensus PT from Analysts

CSX Co. (NASDAQ:CSX) has received an average recommendation of “Moderate Buy” from the fifteen analysts that are covering the company, Marketbeat reports. Six research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $38.80.

Several equities research analysts have recently commented on CSX shares. Susquehanna upped their price target on shares of CSX from $40.00 to $41.00 and gave the company a “positive” rating in a research report on Wednesday, August 7th. Stephens reissued an “overweight” rating and issued a $42.00 target price on shares of CSX in a report on Tuesday, August 6th. Sanford C. Bernstein lifted their price objective on CSX from $35.00 to $36.00 and gave the stock a “market perform” rating in a research note on Monday, July 8th. Benchmark restated a “buy” rating and set a $40.00 target price on shares of CSX in a research report on Wednesday, August 7th. Finally, Bank of America downgraded CSX from a “buy” rating to a “neutral” rating and set a $37.00 price target for the company. in a research report on Monday, July 8th.

CSX Stock Down 2.6 %

Shares of NASDAQ CSX opened at $34.02 on Tuesday. CSX has a 52 week low of $29.03 and a 52 week high of $40.12. The company has a market cap of $66.51 billion, a price-to-earnings ratio of 18.69, a PEG ratio of 1.77 and a beta of 1.19. The company has a quick ratio of 1.01, a current ratio of 1.16 and a debt-to-equity ratio of 1.42. The firm’s fifty day moving average is $34.01 and its 200 day moving average is $34.31.

CSX (NASDAQ:CSX) last released its earnings results on Monday, August 5th. The transportation company reported $0.49 earnings per share for the quarter, topping analysts’ consensus estimates of $0.48 by $0.01. The firm had revenue of $3.70 billion for the quarter, compared to the consensus estimate of $3.70 billion. CSX had a net margin of 24.52% and a return on equity of 29.11%. The company’s revenue was up .0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.49 EPS. On average, equities research analysts expect that CSX will post 1.93 earnings per share for the current year.

CSX Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 30th were issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.41%. The ex-dividend date of this dividend was Friday, August 30th. CSX’s dividend payout ratio is currently 26.37%.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD grew its stake in CSX by 0.7% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 65,251,716 shares of the transportation company’s stock valued at $2,418,883,000 after acquiring an additional 443,755 shares during the last quarter. Capital International Investors increased its position in CSX by 14.3% during the 4th quarter. Capital International Investors now owns 40,353,078 shares of the transportation company’s stock worth $1,399,104,000 after purchasing an additional 5,041,679 shares in the last quarter. Fisher Asset Management LLC boosted its position in CSX by 2.0% during the 4th quarter. Fisher Asset Management LLC now owns 22,340,864 shares of the transportation company’s stock worth $774,558,000 after purchasing an additional 433,228 shares during the period. Bank of New York Mellon Corp grew its stake in shares of CSX by 6.6% in the second quarter. Bank of New York Mellon Corp now owns 17,133,857 shares of the transportation company’s stock valued at $573,128,000 after buying an additional 1,060,204 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in shares of CSX by 9.3% during the second quarter. Dimensional Fund Advisors LP now owns 12,421,862 shares of the transportation company’s stock worth $415,466,000 after purchasing an additional 1,060,617 shares in the last quarter. 73.57% of the stock is owned by hedge funds and other institutional investors.

About CSX

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.