CSX Co. (NASDAQ:CSX) Receives Average Rating of “Hold” from Brokerages

CSX Co. (NASDAQ:CSX – Get Rating) has been given an average rating of “Hold” by the twenty-six ratings firms that are covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and ten have issued a buy rating on the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $34.58.

Several research analysts recently issued reports on the stock. Credit Suisse Group cut their target price on shares of CSX from $38.00 to $37.00 and set an “outperform” rating on the stock in a research note on Thursday, January 26th. Susquehanna upped their price objective on shares of CSX from $30.00 to $32.00 and gave the stock a “neutral” rating in a report on Thursday, January 26th. Benchmark lowered their price objective on shares of CSX from $36.00 to $35.00 and set a “buy” rating on the stock in a report on Thursday, January 26th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of CSX from $36.00 to $39.00 in a report on Monday, November 28th. Finally, Raymond James upped their price objective on shares of CSX from $33.00 to $36.00 and gave the stock an “outperform” rating in a report on Wednesday, January 18th.

CSX Price Performance

CSX stock opened at $29.33 on Friday. CSX has a 1 year low of $25.80 and a 1 year high of $38.17. The company has a debt-to-equity ratio of 1.42, a current ratio of 1.56 and a quick ratio of 1.42. The stock has a market cap of $60.50 billion, a price-to-earnings ratio of 15.12, a P/E/G ratio of 2.26 and a beta of 1.22. The company has a 50 day simple moving average of $31.15 and a 200 day simple moving average of $30.51.

CSX (NASDAQ:CSX – Get Rating) last posted its quarterly earnings data on Wednesday, January 25th. The transportation company reported $0.49 EPS for the quarter, beating analysts’ consensus estimates of $0.47 by $0.02. CSX had a net margin of 28.05% and a return on equity of 31.48%. The company had revenue of $3.73 billion for the quarter, compared to analyst estimates of $3.72 billion. During the same period in the prior year, the firm posted $0.42 EPS. The company’s quarterly revenue was up 8.7% on a year-over-year basis. Research analysts anticipate that CSX will post 1.86 EPS for the current fiscal year.

CSX Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 15th. Stockholders of record on Tuesday, February 28th were issued a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.50%. The ex-dividend date of this dividend was Monday, February 27th. This is a boost from CSX’s previous quarterly dividend of $0.10. CSX’s payout ratio is 22.68%.

Hedge Funds Weigh In On CSX

Hedge funds have recently bought and sold shares of the company. WFA of San Diego LLC purchased a new position in CSX in the 4th quarter worth about $26,000. Fortis Capital Advisors LLC purchased a new stake in shares of CSX during the 4th quarter valued at about $27,000. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of CSX during the 4th quarter valued at about $32,000. Capital Advisors Ltd. LLC increased its position in shares of CSX by 166.2% during the 4th quarter. Capital Advisors Ltd. LLC now owns 2,420 shares of the transportation company’s stock valued at $39,000 after purchasing an additional 1,511 shares during the last quarter. Finally, Webster Bank N. A. purchased a new stake in shares of CSX during the 3rd quarter valued at about $40,000. Institutional investors own 72.91% of the company’s stock.

CSX Company Profile

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CSX Corp. engages in the provision of rail-based freight transportation services. Its services include rail service, the transport of intermodal containers and trailers, rail-to-truck transfers and bulk commodity operations. The company was founded in 1827 and is headquartered in Jacksonville, FL.