Susquehanna Has Lowered Expectations for CSX (NASDAQ:CSX) Stock Price

CSX (NASDAQ:CSX) had its price objective reduced by Susquehanna from $37.00 to $35.00 in a research report released on Thursday morning,Benzinga reports. They currently have a positive rating on the transportation company’s stock.

A number of other research firms also recently commented on CSX. Citigroup dropped their price objective on CSX from $39.00 to $36.00 and set a “buy” rating on the stock in a research note on Tuesday, April 8th. JPMorgan Chase & Co. cut their price target on shares of CSX from $38.00 to $37.00 and set an “overweight” rating for the company in a report on Friday, January 24th. Robert W. Baird lowered their price objective on shares of CSX from $39.00 to $38.00 and set an “outperform” rating on the stock in a research note on Friday, January 24th. Barclays dropped their target price on shares of CSX from $38.00 to $35.00 and set an “overweight” rating on the stock in a report on Wednesday, April 2nd. Finally, Loop Capital cut shares of CSX from a “buy” rating to a “hold” rating and reduced their target price for the stock from $40.00 to $34.00 in a report on Monday, February 3rd. Seven research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $33.95.

CSX Stock Up 1.1 %

CSX stock opened at $27.64 on Thursday. CSX has a 52 week low of $26.22 and a 52 week high of $37.10. The stock has a market cap of $52.09 billion, a price-to-earnings ratio of 15.44, a PEG ratio of 1.92 and a beta of 1.23. The company’s 50-day moving average price is $30.18 and its two-hundred day moving average price is $32.55. The company has a current ratio of 0.86, a quick ratio of 1.23 and a debt-to-equity ratio of 1.43.

CSX (NASDAQ:CSX) last posted its quarterly earnings data on Wednesday, April 16th. The transportation company reported $0.34 EPS for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.05). CSX had a net margin of 23.95% and a return on equity of 28.15%. The company had revenue of $3.42 billion for the quarter, compared to analyst estimates of $3.53 billion. On average, analysts expect that CSX will post 1.83 EPS for the current fiscal year.

CSX Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were paid a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 1.88%. The ex-dividend date was Friday, February 28th. This is a boost from CSX’s previous quarterly dividend of $0.12. CSX’s payout ratio is 31.14%.

Institutional Trading of CSX

Hedge funds have recently made changes to their positions in the stock. Joel Isaacson & Co. LLC increased its stake in CSX by 2.4% in the 4th quarter. Joel Isaacson & Co. LLC now owns 13,036 shares of the transportation company’s stock valued at $421,000 after buying an additional 310 shares during the period. Patrick M Sweeney & Associates Inc. grew its holdings in shares of CSX by 1.0% during the 4th quarter. Patrick M Sweeney & Associates Inc. now owns 31,827 shares of the transportation company’s stock valued at $1,027,000 after acquiring an additional 313 shares in the last quarter. West Branch Capital LLC grew its holdings in shares of CSX by 3.3% during the 4th quarter. West Branch Capital LLC now owns 10,317 shares of the transportation company’s stock valued at $333,000 after acquiring an additional 332 shares in the last quarter. Alhambra Investment Management LLC increased its stake in shares of CSX by 4.3% in the fourth quarter. Alhambra Investment Management LLC now owns 8,292 shares of the transportation company’s stock worth $268,000 after acquiring an additional 342 shares during the last quarter. Finally, Trust Point Inc. raised its holdings in shares of CSX by 2.6% during the fourth quarter. Trust Point Inc. now owns 13,722 shares of the transportation company’s stock worth $443,000 after acquiring an additional 344 shares in the last quarter. 73.57% of the stock is owned by hedge funds and other institutional investors.

CSX Company Profile

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.