CSX Co. (NASDAQ:CSX) Receives $38.78 Consensus Price Target from Analysts

CSX Co. (NASDAQ:CSX) has been given a consensus rating of “Moderate Buy” by the eighteen brokerages that are presently covering the company, Marketbeat Ratings reports. Six analysts have rated the stock with a hold recommendation and twelve have assigned a buy recommendation to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $38.78.

Several analysts have commented on CSX shares. TD Cowen decreased their target price 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. Stifel Nicolaus lowered their target price on shares of CSX from $39.00 to $37.00 and set a “buy” rating on the stock in a research report on Thursday, October 17th. Susquehanna reduced their price target on CSX from $42.00 to $40.00 and set a “positive” rating for the company in a research report on Thursday, October 17th. Loop Capital lowered their price objective on CSX from $43.00 to $42.00 and set a “buy” rating on the stock in a report on Thursday, October 17th. Finally, Citigroup raised their price objective on CSX from $42.00 to $44.00 and gave the company a “buy” rating in a research note on Tuesday, November 12th.

Hedge Funds Weigh In On CSX

A number of institutional investors have recently modified their holdings of the stock. Itau Unibanco Holding S.A. acquired a new position in shares of CSX during the second quarter valued at $26,000. Valley Wealth Managers Inc. boosted its stake 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 valued at $26,000 after purchasing an additional 480 shares during the last quarter. Morton Brown Family Wealth LLC acquired a new stake in shares of CSX during the 3rd quarter worth approximately $31,000. Fairscale Capital LLC acquired a new stake in shares of CSX during the 2nd quarter worth approximately $32,000. Finally, Strategic Financial Concepts LLC bought a new stake in shares of CSX during the second quarter worth approximately $33,000. 73.57% of the stock is owned by institutional investors.

CSX Stock Performance

Shares of NASDAQ CSX opened at $32.46 on Thursday. CSX has a 52-week low of $31.43 and a 52-week high of $40.12. The stock has a market capitalization of $62.60 billion, a price-to-earnings ratio of 17.45, a PEG ratio of 2.24 and a beta of 1.20. The company has a quick ratio of 1.23, a current ratio of 1.39 and a debt-to-equity ratio of 1.43. The stock’s fifty day simple moving average is $34.35 and its 200 day simple moving average is $34.04.

CSX (NASDAQ:CSX) last released its earnings results on Wednesday, October 16th. The transportation company reported $0.46 earnings per share 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 firm had revenue of $3.62 billion during the quarter, compared to analysts’ expectations of $3.68 billion. During the same period last year, the business earned $0.42 earnings per share. The business’s revenue was up 1.3% on a year-over-year basis. As a group, sell-side analysts forecast that CSX will post 1.84 earnings per share for the current fiscal year.

CSX Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, November 29th were paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 1.48%. The ex-dividend date of this dividend was Friday, November 29th. CSX’s dividend payout ratio is currently 25.81%.

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.