Shares of CSX Co. (NASDAQ:CSX) have been given an average recommendation of “Hold” by the twenty-three brokerages that are presently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and twelve have assigned a buy rating to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $79.58.
A number of brokerages recently weighed in on CSX. Zacks Investment Research upgraded shares of CSX from a “hold” rating to a “buy” rating and set a $74.00 price target on the stock in a research report on Monday, February 4th. BidaskClub upgraded shares of CSX from a “buy” rating to a “strong-buy” rating in a research report on Thursday, February 14th. TD Securities increased their price target on shares of CSX from $79.00 to $81.00 and gave the company a “hold” rating in a research report on Wednesday, April 17th. Stifel Nicolaus set a $80.00 price target on shares of CSX and gave the company a “hold” rating in a research report on Wednesday, April 17th. Finally, SNS Securities downgraded shares of CSX from a “positive” rating to a “neutral” rating in a research report on Wednesday, April 3rd.
In other CSX news, VP Angela C. Williams sold 9,560 shares of the firm’s stock in a transaction that occurred on Thursday, April 18th. The shares were sold at an average price of $79.14, for a total transaction of $756,578.40. Following the sale, the vice president now directly owns 14,607 shares in the company, valued at approximately $1,155,997.98. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 4.83% of the company’s stock.
Several institutional investors and hedge funds have recently modified their holdings of CSX. Cigna Investments Inc. New grew its stake in shares of CSX by 1.1% in the fourth quarter. Cigna Investments Inc. New now owns 26,360 shares of the transportation company’s stock valued at $1,637,000 after buying an additional 276 shares in the last quarter. Suntrust Banks Inc. boosted its position in CSX by 15.2% during the fourth quarter. Suntrust Banks Inc. now owns 342,170 shares of the transportation company’s stock worth $21,259,000 after purchasing an additional 45,146 shares during the period. Shelton Capital Management boosted its position in CSX by 33.2% during the fourth quarter. Shelton Capital Management now owns 111,623 shares of the transportation company’s stock worth $6,935,000 after purchasing an additional 27,800 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its position in CSX by 5.3% during the fourth quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 359,815 shares of the transportation company’s stock worth $22,355,000 after purchasing an additional 18,062 shares during the period. Finally, Thoroughbred Financial Services LLC bought a new position in CSX during the fourth quarter worth $221,000. 77.64% of the stock is owned by institutional investors.
CSX stock traded down $0.34 during trading hours on Friday, reaching $78.06. 2,446,015 shares of the company’s stock traded hands, compared to its average volume of 4,682,876. The company has a current ratio of 1.81, a quick ratio of 1.68 and a debt-to-equity ratio of 1.27. CSX has a fifty-two week low of $58.47 and a fifty-two week high of $80.73. The company has a market cap of $63.44 billion, a PE ratio of 20.33, a PEG ratio of 1.34 and a beta of 1.29.
CSX (NASDAQ:CSX) last released its earnings results on Tuesday, April 16th. The transportation company reported $1.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.91 by $0.11. CSX had a net margin of 27.84% and a return on equity of 26.13%. The company had revenue of $3.01 billion for the quarter, compared to the consensus estimate of $3 billion. During the same period in the prior year, the company posted $0.78 EPS. The company’s revenue was up 4.8% compared to the same quarter last year. Research analysts forecast that CSX will post 4.34 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Friday, May 31st will be issued a dividend of $0.24 per share. The ex-dividend date of this dividend is Thursday, May 30th. This represents a $0.96 annualized dividend and a yield of 1.23%. CSX’s dividend payout ratio (DPR) is currently 25.00%.
CSX Company Profile
CSX Corporation, together with its subsidiaries, provides rail-based freight transportation services. The company offers rail services, as well as transports intermodal containers and trailers. It transports chemicals, automotive, agricultural and food products, minerals, fertilizers, forest products, and metals and equipment; and coal, coke, and iron ore to electricity-generating power plants, steel manufacturers, and industrial plants.
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