CSX Co. (NASDAQ:CSX) Receives Average Recommendation of “Moderate Buy” from Analysts

CSX Co. (NASDAQ:CSXGet Rating) has been given a consensus recommendation of “Moderate Buy” by the twenty-four ratings firms that are covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have given a buy rating to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $36.52.

A number of research firms have issued reports on CSX. TD Securities lowered shares of CSX from a “buy” rating to a “hold” rating and reduced their target price for the company from $41.00 to $38.00 in a research note on Monday, April 18th. Wells Fargo & Company reduced their price target on shares of CSX from $37.00 to $30.00 and set an “equal weight” rating for the company in a research note on Friday, July 15th. UBS Group reduced their price target on shares of CSX to $38.00 in a research note on Friday, July 22nd. Cowen reduced their price target on shares of CSX from $39.00 to $37.00 in a research note on Thursday, July 21st. Finally, Stifel Nicolaus raised shares of CSX from a “hold” rating to a “buy” rating and reduced their price target for the stock from $39.00 to $37.00 in a research note on Friday, July 15th. They noted that the move was a valuation call.

Insider Buying and Selling at CSX

In other news, Director John J. Zillmer sold 16,000 shares of the stock in a transaction on Monday, June 6th. The shares were sold at an average price of $32.25, for a total transaction of $516,000.00. Following the transaction, the director now owns 320,763 shares in the company, valued at approximately $10,344,606.75. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.37% of the company’s stock.

Institutional Trading of CSX

Hedge funds have recently bought and sold shares of the stock. WFA of San Diego LLC acquired a new stake in CSX in the 2nd quarter valued at about $25,000. Life Planning Partners Inc bought a new position in CSX during the 4th quarter worth approximately $29,000. Whittier Trust Co. of Nevada Inc. lifted its stake in CSX by 80.2% in the first quarter. Whittier Trust Co. of Nevada Inc. now owns 811 shares of the transportation company’s stock valued at $30,000 after buying an additional 361 shares in the last quarter. Core Alternative Capital lifted its stake in CSX by 663.9% in the first quarter. Core Alternative Capital now owns 825 shares of the transportation company’s stock valued at $31,000 after buying an additional 717 shares in the last quarter. Finally, Capital Advisors Ltd. LLC acquired a new stake in shares of CSX in the fourth quarter valued at approximately $34,000. 74.81% of the stock is owned by institutional investors.

CSX Price Performance

Shares of NASDAQ:CSX opened at $32.50 on Thursday. The company has a quick ratio of 1.01, a current ratio of 1.16 and a debt-to-equity ratio of 1.22. CSX has a fifty-two week low of $27.59 and a fifty-two week high of $38.63. The firm has a 50-day simple moving average of $30.25 and a 200 day simple moving average of $33.13. The company has a market cap of $69.59 billion, a PE ratio of 18.26, a P/E/G ratio of 1.72 and a beta of 1.22.

CSX (NASDAQ:CSXGet Rating) last announced its quarterly earnings data on Wednesday, July 20th. The transportation company reported $0.50 earnings per share for the quarter, beating analysts’ consensus estimates of $0.47 by $0.03. CSX had a net margin of 28.24% and a return on equity of 29.07%. The business had revenue of $3.82 billion during the quarter, compared to the consensus estimate of $3.67 billion. During the same quarter in the prior year, the firm earned $0.40 EPS. The company’s revenue for the quarter was up 27.8% compared to the same quarter last year. On average, sell-side analysts anticipate that CSX will post 1.87 EPS for the current year.

CSX Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 15th. Shareholders of record on Wednesday, August 31st will be paid a $0.10 dividend. The ex-dividend date of this dividend is Tuesday, August 30th. This represents a $0.40 annualized dividend and a yield of 1.23%. CSX’s dividend payout ratio is presently 22.47%.

CSX Company Profile

(Get Rating)

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 transports chemicals, agricultural and food products, automotive, minerals, 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.

Further Reading

Analyst Recommendations for CSX (NASDAQ:CSX)

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