CSX Co. (NASDAQ:CSX) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of CSX Co. (NASDAQ:CSXGet Free Report) have been assigned a consensus rating of “Moderate Buy” from the eighteen brokerages that are covering the company, MarketBeat Ratings reports. Seven research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $37.39.

A number of research firms have issued reports on CSX. Benchmark reissued a “buy” rating and issued a $40.00 target price on shares of CSX in a research note on Thursday, April 18th. Royal Bank of Canada cut their price target on CSX from $37.00 to $36.00 and set a “sector perform” rating on the stock in a report on Thursday, April 18th. Stifel Nicolaus boosted their price target on CSX from $37.00 to $39.00 and gave the company a “buy” rating in a report on Friday, April 12th. Wells Fargo & Company started coverage on CSX in a report on Friday, June 7th. They issued an “equal weight” rating and a $35.00 price target on the stock. Finally, Jefferies Financial Group cut their price target on CSX from $40.00 to $38.00 and set a “hold” rating on the stock in a report on Thursday, April 18th.

Check Out Our Latest Report on CSX

Institutional Investors Weigh In On CSX

A number of large investors have recently added to or reduced their stakes in the stock. Teza Capital Management LLC bought a new stake in CSX during the third quarter worth $298,000. AQR Capital Management LLC lifted its stake in shares of CSX by 132.9% in the 3rd quarter. AQR Capital Management LLC now owns 757,749 shares of the transportation company’s stock valued at $23,301,000 after acquiring an additional 432,387 shares during the last quarter. Alps Advisors Inc. lifted its stake in shares of CSX by 71.5% in the 3rd quarter. Alps Advisors Inc. now owns 103,576 shares of the transportation company’s stock valued at $3,185,000 after acquiring an additional 43,197 shares during the last quarter. Lido Advisors LLC lifted its stake in shares of CSX by 7.1% in the 3rd quarter. Lido Advisors LLC now owns 43,960 shares of the transportation company’s stock valued at $1,352,000 after acquiring an additional 2,931 shares during the last quarter. Finally, Seven Eight Capital LP bought a new position in shares of CSX in the 3rd quarter valued at $1,348,000. Institutional investors and hedge funds own 73.57% of the company’s stock.

CSX Stock Up 1.4 %

Shares of CSX stock opened at $32.92 on Thursday. The company has a quick ratio of 1.00, a current ratio of 1.15 and a debt-to-equity ratio of 1.42. CSX has a 12 month low of $29.03 and a 12 month high of $40.12. The business has a fifty day simple moving average of $33.37 and a 200 day simple moving average of $35.08. The stock has a market cap of $64.36 billion, a PE ratio of 18.09, a price-to-earnings-growth ratio of 1.73 and a beta of 1.20.

CSX (NASDAQ:CSXGet Free Report) last posted its earnings results on Wednesday, April 17th. The transportation company reported $0.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.45 by $0.01. CSX had a return on equity of 29.58% and a net margin of 24.75%. The firm had revenue of $3.68 billion during the quarter, compared to analysts’ expectations of $3.66 billion. During the same period in the previous year, the firm earned $0.48 earnings per share. The company’s revenue was down .8% on a year-over-year basis. Research analysts predict that CSX will post 1.95 EPS for the current year.

CSX Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 14th. Investors of record on Friday, May 31st were given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 1.46%. The ex-dividend date of this dividend was Friday, May 31st. CSX’s dividend payout ratio is currently 26.37%.

CSX Company Profile

(Get Free Report

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.

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Analyst Recommendations for CSX (NASDAQ:CSX)

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