CSX Co. (NASDAQ:CSX) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of CSX Co. (NASDAQ:CSXGet Free Report) have received a consensus recommendation of “Moderate Buy” from the seventeen research firms that are currently covering the company, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a hold recommendation and twelve have assigned a buy recommendation to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $37.82.

A number of analysts recently issued reports on CSX shares. Susquehanna raised their price target on CSX from $42.00 to $44.00 and gave the stock a “positive” rating in a research report on Thursday, March 28th. Jefferies Financial Group lowered their price target on CSX from $40.00 to $38.00 and set a “hold” rating for the company in a research report on Thursday, April 18th. Royal Bank of Canada reduced their target price on CSX from $37.00 to $36.00 and set a “sector perform” rating on the stock in a research note on Thursday, April 18th. Benchmark reiterated a “buy” rating and issued a $40.00 target price on shares of CSX in a research note on Thursday, April 18th. Finally, Wells Fargo & Company started coverage on CSX in a research note on Friday, June 7th. They issued an “equal weight” rating and a $35.00 target price on the stock.

Check Out Our Latest Stock Report on CSX

CSX Stock Down 0.7 %

Shares of CSX opened at $32.53 on Friday. The company has a market cap of $63.59 billion, a PE ratio of 17.87, a P/E/G ratio of 1.70 and a beta of 1.19. The business has a fifty day moving average of $33.95 and a 200 day moving average of $35.10. CSX has a 52-week low of $29.03 and a 52-week high of $40.12. The company has a quick ratio of 1.00, a current ratio of 1.15 and a debt-to-equity ratio of 1.42.

CSX (NASDAQ:CSXGet Free Report) last issued its quarterly earnings results on Wednesday, April 17th. The transportation company reported $0.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.45 by $0.01. The company had revenue of $3.68 billion during the quarter, compared to the consensus estimate of $3.66 billion. CSX had a return on equity of 29.58% and a net margin of 24.75%. CSX’s revenue was down .8% on a year-over-year basis. During the same period last year, the company earned $0.48 earnings per share. On average, sell-side analysts expect that CSX will post 1.96 EPS for the current year.

CSX Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Friday, May 31st will be given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 1.48%. The ex-dividend date is Friday, May 31st. CSX’s payout ratio is currently 26.37%.

Institutional Investors Weigh In On CSX

Institutional investors have recently added to or reduced their stakes in the stock. Fortitude Family Office LLC bought a new stake in CSX during the fourth quarter valued at about $27,000. Life Planning Partners Inc bought a new stake in CSX during the fourth quarter valued at about $27,000. Financial Synergies Wealth Advisors Inc. bought a new stake in CSX during the first quarter valued at about $29,000. Valued Wealth Advisors LLC boosted its holdings in CSX by 172.7% in the first quarter. Valued Wealth Advisors LLC now owns 938 shares of the transportation company’s stock worth $35,000 after acquiring an additional 594 shares in the last quarter. Finally, Burkett Financial Services LLC acquired a new stake in CSX in the fourth quarter worth about $34,000. Institutional investors own 73.57% of the company’s stock.

CSX Company Profile

(Get Free Report

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.

Further Reading

Analyst Recommendations for CSX (NASDAQ:CSX)

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