CSX Co. (NASDAQ:CSX) Receives $33.90 Consensus PT from Brokerages

CSX Co. (NASDAQ:CSX) has been assigned a consensus rating of “Moderate Buy” from the twenty analysts that are currently covering the company, Marketbeat Ratings reports. Seven equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $33.90.

Several brokerages have recently weighed in on CSX. Stifel Nicolaus reduced their price target on CSX from $37.00 to $34.00 and set a “buy” rating for the company in a report on Monday, April 14th. BMO Capital Markets reduced their price target on CSX from $36.00 to $35.00 and set an “outperform” rating for the company in a report on Thursday, April 17th. Royal Bank of Canada reduced their price target on CSX from $31.00 to $30.00 and set a “sector perform” rating for the company in a report on Thursday, April 17th. Wells Fargo & Company reduced their price target on CSX from $31.00 to $28.00 and set an “equal weight” rating for the company in a report on Thursday, April 17th. Finally, UBS Group reduced their price objective on CSX from $36.00 to $34.00 and set a “buy” rating for the company in a report on Thursday, April 17th.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Marshall & Sterling Wealth Advisors Inc. purchased a new position in shares of CSX during the 4th quarter valued at about $27,000. Accredited Wealth Management LLC purchased a new position in shares of CSX during the 4th quarter valued at about $29,000. Fourth Dimension Wealth LLC purchased a new position in shares of CSX during the 4th quarter valued at about $29,000. SBI Securities Co. Ltd. purchased a new position in CSX in the 4th quarter worth approximately $31,000. Finally, Sierra Ocean LLC purchased a new position in CSX in the 4th quarter worth approximately $33,000. 73.57% of the stock is owned by hedge funds and other institutional investors.

CSX Stock Performance

Shares of CSX stock opened at $31.43 on Friday. The company has a current ratio of 0.86, a quick ratio of 1.23 and a debt-to-equity ratio of 1.43. The firm has a market capitalization of $59.04 billion, a P/E ratio of 17.56, a P/E/G ratio of 1.92 and a beta of 1.22. The business has a fifty day simple moving average of $28.95 and a two-hundred day simple moving average of $31.58. CSX has a 12 month low of $26.22 and a 12 month high of $37.10.

CSX (NASDAQ:CSX) last issued its quarterly earnings results on Wednesday, April 16th. The transportation company reported $0.34 earnings per share for the quarter, missing the consensus estimate 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 the consensus estimate of $3.53 billion. On average, equities analysts forecast that CSX will post 1.83 earnings per share for the current fiscal year.

CSX Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be paid a dividend of $0.13 per share. The ex-dividend date is Friday, May 30th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.65%. CSX’s dividend payout ratio is currently 31.14%.

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.