CSX Co. (NASDAQ:CSX) Receives $38.78 Average PT from Analysts

CSX Co. (NASDAQ:CSX) has been given an average recommendation of “Moderate Buy” by the eighteen ratings firms that are currently covering the company, Marketbeat Ratings reports. Six equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating on the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $38.78.

Several brokerages have recently commented on CSX. Citigroup boosted their price target on CSX from $42.00 to $44.00 and gave the stock a “buy” rating in a research note on Tuesday, November 12th. TD Cowen lowered their target price on CSX from $36.00 to $35.00 and set a “hold” rating on the stock in a report on Thursday, October 17th. Benchmark reaffirmed a “buy” rating and set a $40.00 price target on shares of CSX in a research note on Wednesday, August 7th. Wells Fargo & Company dropped their target price on shares of CSX from $35.00 to $34.00 and set an “equal weight” rating for the company in a report on Thursday, October 17th. Finally, BMO Capital Markets cut their target price on shares of CSX from $40.00 to $39.00 and set an “outperform” rating for the company in a research report on Thursday, October 17th.

CSX Trading Down 0.9 %

NASDAQ:CSX opened at $36.00 on Friday. CSX has a 12-month low of $31.74 and a 12-month high of $40.12. The company has a current ratio of 1.39, a quick ratio of 1.23 and a debt-to-equity ratio of 1.43. The stock’s 50 day simple moving average is $34.79 and its 200-day simple moving average is $34.06. The firm has a market cap of $69.42 billion, a P/E ratio of 19.35, a PEG ratio of 2.31 and a beta of 1.20.

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

CSX Announces Dividend

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of CSX. Itau Unibanco Holding S.A. acquired a new position in CSX in the second quarter worth about $26,000. Valley Wealth Managers Inc. grew its position in shares of CSX by 177.8% in the 3rd quarter. Valley Wealth Managers Inc. now owns 750 shares of the transportation company’s stock worth $26,000 after acquiring an additional 480 shares in the last quarter. MFA Wealth Advisors LLC bought a new stake in shares of CSX in the 2nd quarter valued at approximately $27,000. Morton Brown Family Wealth LLC acquired a new stake in shares of CSX during the 3rd quarter valued at approximately $31,000. Finally, Fairscale Capital LLC bought a new position in CSX during the second quarter worth $32,000. Hedge funds and other 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.