CSX (NYSE: CSX)‘s stock had its “buy” rating restated by analysts at TheStreet in a research report issued to clients and investors on Tuesday.
The analysts wrote, “CSX (CSX) has been reiterated by TheStreet Ratings as a buy with a ratings score of A- . The company’s strengths can be seen in multiple areas, such as its attractive valuation levels, expanding profit margins, increase in stock price during the past year and notable return on equity. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated.”
CSX has been the subject of a number of other recent research reports. Analysts at RBC Capital reiterated an “outperform” rating on shares of CSX in a research note to investors on Thursday, March 7th. They now have a $27.00 price target on the stock. Separately, analysts at BMO Capital Markets reiterated an “outperform” rating on shares of CSX in a research note to investors on Wednesday, March 6th. They now have a $27.00 price target on the stock.
Twelve research analysts have rated the stock with a buy rating, four have assigned an overweight rating, and fourteen have assigned a hold rating to the company. The stock has an average rating of “overweight” and a consensus target price of $24.89.
Shares of CSX remained flat at $23.34 during during mid-day trading trading on Tuesday. CSX has a one year low of $18.88 and a one year high of $23.80. The stock’s 50-day moving average is currently $22.45. The company has a market cap of $23.825 billion and a P/E ratio of 13.05.
CSX last posted its quarterly earnings results on Tuesday, January 22nd. The company reported $0.43 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.39 by $0.04. The company had revenue of $2.90 billion for the quarter, compared to the consensus estimate of $2.85 billion. During the same quarter in the previous year, the company posted $0.43 earnings per share. The company’s revenue for the quarter was down 1.7% on a year-over-year basis. On average, analysts predict that CSX will post $1.79 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, March 15th. Shareholders of record on Thursday, February 28th will be given a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 2.40%. The ex-dividend date of this dividend is Tuesday, February 26th.
CSX Corporation (CSX), together with its subsidiaries, is a transportation supplier. The Company provides rail-based transportation services, including traditional rail service and the transport of intermodal containers and trailers.
To view TheStreet’s full report, visit www.thestreetratings.com
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