CSX Co. (NASDAQ:CSX) Receives $38.61 Consensus PT from Analysts

CSX Co. (NASDAQ:CSX) has earned an average recommendation of “Moderate Buy” from the eighteen ratings firms that are presently covering the stock, Marketbeat Ratings reports. Six investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $38.61.

Several equities analysts recently issued reports on the company. BMO Capital Markets decreased their price objective on CSX from $40.00 to $39.00 and set an “outperform” rating for the company in a research report on Thursday, October 17th. TD Cowen lowered their price objective on shares of CSX from $36.00 to $35.00 and set a “hold” rating for the company in a research report on Thursday, October 17th. Citigroup began coverage on shares of CSX in a research report on Wednesday, October 9th. They issued a “buy” rating and a $42.00 price objective on the stock. Susquehanna lowered their target price on CSX from $42.00 to $40.00 and set a “positive” rating for the company in a report on Thursday, October 17th. Finally, Benchmark restated a “buy” rating and issued a $40.00 price target on shares of CSX in a report on Wednesday, August 7th.

CSX Stock Up 1.2 %

Shares of NASDAQ:CSX opened at $36.00 on Wednesday. The company has a 50 day moving average price of $34.15 and a two-hundred day moving average price of $33.82. The company has a market capitalization of $69.42 billion, a PE ratio of 19.35, a PEG ratio of 2.34 and a beta of 1.19. CSX has a 52 week low of $30.13 and a 52 week high of $40.12. The company has a debt-to-equity ratio of 1.43, a quick ratio of 1.23 and a current ratio of 1.39.

CSX (NASDAQ:CSX) last issued its quarterly earnings data on Wednesday, October 16th. The transportation company reported $0.46 EPS for the quarter, missing the consensus estimate of $0.48 by ($0.02). CSX had a return on equity of 28.92% and a net margin of 24.77%. The business had revenue of $3.62 billion for the quarter, compared to analyst estimates of $3.68 billion. During the same period in the previous year, the business posted $0.42 EPS. The business’s quarterly revenue was up 1.3% compared to the same quarter last year. Analysts forecast that CSX will post 1.84 earnings per share for the current year.

CSX Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be paid a dividend of $0.12 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $0.48 annualized dividend and a dividend yield of 1.33%. CSX’s dividend payout ratio is currently 25.81%.

Institutional Investors Weigh In On CSX

A number of large investors have recently added to or reduced their stakes in the business. Valley Wealth Managers Inc. raised its position in shares of CSX by 177.8% in the third quarter. Valley Wealth Managers Inc. now owns 750 shares of the transportation company’s stock valued at $26,000 after purchasing an additional 480 shares during the period. Itau Unibanco Holding S.A. bought a new position in CSX in the 2nd quarter valued at about $26,000. MFA Wealth Advisors LLC acquired a new stake in CSX during the second quarter worth approximately $27,000. Fairscale Capital LLC bought a new stake in shares of CSX during the second quarter worth approximately $32,000. Finally, Morton Brown Family Wealth LLC acquired a new position in shares of CSX in the third quarter valued at approximately $31,000. Institutional investors own 73.57% of the company’s stock.

About CSX

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.