CSX (NASDAQ:CSX) Given New $45.00 Price Target at TD Cowen

CSX (NASDAQ:CSXFree Report) had its price objective hoisted by TD Cowen from $40.00 to $45.00 in a research report report published on Thursday morning, Marketbeat Ratings reports. They currently have a buy rating on the transportation company’s stock.

Several other research analysts also recently commented on CSX. Susquehanna reissued a “neutral” rating and issued a $39.00 price target on shares of CSX in a report on Friday, January 23rd. Evercore cut shares of CSX from an “outperform” rating to an “in-line” rating and set a $41.00 price target on the stock. in a report on Thursday, March 19th. Bank of America lowered their price objective on CSX from $48.00 to $46.00 and set a “buy” rating on the stock in a research report on Thursday, March 12th. Stephens lifted their price objective on CSX from $42.00 to $47.00 and gave the company an “overweight” rating in a research note on Monday, April 6th. Finally, Jefferies Financial Group boosted their target price on CSX from $42.00 to $50.00 and gave the stock a “buy” rating in a research report on Tuesday, March 3rd. Sixteen research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $45.26.

Check Out Our Latest Research Report on CSX

CSX Trading Up 6.9%

Shares of CSX opened at $46.18 on Thursday. CSX has a twelve month low of $27.18 and a twelve month high of $46.55. The stock has a market cap of $85.93 billion, a PE ratio of 28.33, a P/E/G ratio of 2.41 and a beta of 1.25. The company has a quick ratio of 0.69, a current ratio of 0.81 and a debt-to-equity ratio of 1.38. The business’s 50-day moving average price is $41.34 and its 200-day moving average price is $38.08.

CSX (NASDAQ:CSXGet Free Report) last released its quarterly earnings data on Wednesday, April 22nd. The transportation company reported $0.43 EPS for the quarter, beating analysts’ consensus estimates of $0.39 by $0.04. The company had revenue of $3.48 billion during the quarter, compared to analyst estimates of $3.50 billion. CSX had a net margin of 21.55% and a return on equity of 24.86%. CSX’s revenue was up 1.7% compared to the same quarter last year. During the same period last year, the business earned $0.34 earnings per share. On average, equities analysts forecast that CSX will post 1.84 EPS for the current fiscal year.

CSX Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 13th. Stockholders of record on Friday, February 27th were given a dividend of $0.14 per share. This is an increase from CSX’s previous quarterly dividend of $0.13. The ex-dividend date was Friday, February 27th. This represents a $0.56 annualized dividend and a dividend yield of 1.2%. CSX’s dividend payout ratio is 36.36%.

Insider Transactions at CSX

In related news, CAO Diana B. Sorfleet sold 90,000 shares of the stock in a transaction on Thursday, February 19th. The stock was sold at an average price of $41.56, for a total value of $3,740,400.00. Following the transaction, the chief accounting officer owned 165,613 shares of the company’s stock, valued at $6,882,876.28. This represents a 35.21% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Stephen F. Angel purchased 25,000 shares of the stock in a transaction on Friday, March 6th. The shares were purchased at an average price of $40.27 per share, for a total transaction of $1,006,750.00. Following the transaction, the chief executive officer directly owned 146,540 shares of the company’s stock, valued at approximately $5,901,165.80. This represents a 20.57% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last ninety days, insiders sold 188,123 shares of company stock valued at $7,454,854. Insiders own 0.30% of the company’s stock.

Hedge Funds Weigh In On CSX

Several institutional investors have recently modified their holdings of the company. Strengthening Families & Communities LLC bought a new stake in CSX in the 3rd quarter worth approximately $2,199,000. Rathbones Group PLC grew its position 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 acquiring an additional 35,403 shares during the last quarter. Canada Post Corp Registered Pension Plan grew its position in CSX by 131.0% during the third quarter. Canada Post Corp Registered Pension Plan now owns 71,918 shares of the transportation company’s stock valued at $2,577,000 after acquiring an additional 40,780 shares during the last quarter. Allstate Corp purchased a new position in shares of CSX during the third quarter worth approximately $2,363,000. Finally, Cbre Investment Management Listed Real Assets LLC raised its stake in shares of 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 acquiring an additional 425,395 shares in the last quarter. 73.57% of the stock is currently owned by institutional investors.

Key Stories Impacting CSX

Here are the key news stories impacting CSX this week:

About CSX

(Get Free Report)

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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Analyst Recommendations for CSX (NASDAQ:CSX)

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