CSX Co. (NASDAQ:CSX) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of CSX Co. (NASDAQ:CSXGet Free Report) have earned a consensus recommendation of “Moderate Buy” from the sixteen analysts that are currently covering the stock, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $38.00.

Several brokerages have issued reports on CSX. Susquehanna lifted their price target on shares of CSX from $42.00 to $44.00 and gave the company a “positive” rating in a research note on Thursday, March 28th. Royal Bank of Canada lowered their price target on shares of CSX from $37.00 to $36.00 and set a “sector perform” rating on the stock in a research note on Thursday, April 18th. BMO Capital Markets lifted their price target on shares of CSX from $37.00 to $38.00 and gave the company an “outperform” rating in a research note on Thursday, January 25th. Jefferies Financial Group lowered their price target on shares of CSX from $40.00 to $38.00 and set a “hold” rating on the stock in a research note on Thursday, April 18th. Finally, Raymond James lifted their price target on shares of CSX from $35.00 to $38.00 and gave the company an “outperform” rating in a research note on Tuesday, January 16th.

Read Our Latest Research Report on CSX

CSX Trading Down 3.0 %

CSX opened at $33.67 on Friday. CSX has a twelve month low of $29.03 and a twelve month high of $40.12. The company has a debt-to-equity ratio of 1.42, a quick ratio of 1.00 and a current ratio of 1.15. The firm’s fifty day moving average is $36.73 and its two-hundred day moving average is $34.45. The firm has a market cap of $65.82 billion, a PE ratio of 18.50, a price-to-earnings-growth ratio of 2.07 and a beta of 1.18.

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

CSX Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Thursday, February 29th were paid a $0.12 dividend. This is a boost from CSX’s previous quarterly dividend of $0.11. The ex-dividend date was Wednesday, February 28th. This represents a $0.48 annualized dividend and a yield of 1.43%. CSX’s payout ratio is 26.37%.

Institutional Trading of CSX

Hedge funds and other institutional investors have recently bought and sold shares of the business. Fortitude Family Office LLC acquired a new position in shares of CSX in the 4th quarter valued at approximately $27,000. Life Planning Partners Inc acquired a new position in CSX during the 4th quarter worth approximately $27,000. Financial Synergies Wealth Advisors Inc. acquired a new position in CSX during the 1st quarter worth approximately $29,000. Venturi Wealth Management LLC increased its position in CSX by 228.4% during the 3rd quarter. Venturi Wealth Management LLC now owns 995 shares of the transportation company’s stock worth $31,000 after purchasing an additional 692 shares in the last quarter. Finally, Janiczek Wealth Management LLC increased its position in CSX by 897.2% during the 3rd quarter. Janiczek Wealth Management LLC now owns 1,067 shares of the transportation company’s stock worth $33,000 after purchasing an additional 960 shares in the last quarter. Institutional investors and hedge funds own 73.57% of the company’s stock.

About CSX

(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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