Susquehanna Increases CSX (NASDAQ:CSX) Price Target to $42.00

CSX (NASDAQ:CSX) had its price objective upped by Susquehanna from $41.00 to $42.00 in a research report released on Wednesday, Benzinga reports. Susquehanna currently has a positive rating on the transportation company’s stock.

CSX has been the topic of a number of other research reports. Barclays dropped their price target on CSX from $41.00 to $40.00 and set an overweight rating on the stock in a research report on Wednesday, September 25th. Benchmark reaffirmed a buy rating and issued a $40.00 price target on shares of CSX in a research note on Wednesday, August 7th. JPMorgan Chase & Co. increased their price objective on shares of CSX from $39.00 to $42.00 and gave the stock an overweight rating in a research report on Tuesday, August 6th. Stephens reaffirmed an overweight rating and issued a $42.00 price objective on shares of CSX in a research report on Tuesday, August 6th. Finally, BMO Capital Markets reaffirmed an outperform rating and issued a $40.00 target price on shares of CSX in a research note on Tuesday, August 6th. Seven equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of Moderate Buy and a consensus price target of $39.00.

CSX Stock Up 1.1 %

Shares of NASDAQ:CSX opened at $34.49 on Wednesday. The company has a 50 day moving average price of $33.97 and a two-hundred day moving average price of $34.15. The company has a debt-to-equity ratio of 1.42, a quick ratio of 1.01 and a current ratio of 1.16. The company has a market capitalization of $67.43 billion, a PE ratio of 18.95, a PEG ratio of 1.91 and a beta of 1.19. CSX has a 52 week low of $29.03 and a 52 week high of $40.12.

CSX (NASDAQ:CSX) last released its quarterly earnings data on Monday, August 5th. The transportation company reported $0.49 EPS for the quarter, beating analysts’ consensus estimates of $0.48 by $0.01. The business had revenue of $3.70 billion during the quarter, compared to analysts’ expectations of $3.70 billion. CSX had a net margin of 24.52% and a return on equity of 29.11%. The firm’s quarterly revenue was up .0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.49 EPS. Analysts forecast that CSX will post 1.93 earnings per share for the current year.

CSX Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 30th were issued a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 1.39%. The ex-dividend date of this dividend was Friday, August 30th. CSX’s payout ratio is presently 26.37%.

Hedge Funds Weigh In On CSX

Hedge funds and other institutional investors have recently made changes to their positions in the company. Banque Cantonale Vaudoise lifted its position in shares of CSX by 149.1% in the second quarter. Banque Cantonale Vaudoise now owns 17,208 shares of the transportation company’s stock valued at $575,000 after buying an additional 10,301 shares during the last quarter. Ascent Group LLC lifted its holdings in CSX by 559.7% during the 1st quarter. Ascent Group LLC now owns 58,779 shares of the transportation company’s stock valued at $2,179,000 after purchasing an additional 49,869 shares during the last quarter. PFG Advisors boosted its position in CSX by 2.1% during the first quarter. PFG Advisors now owns 18,880 shares of the transportation company’s stock worth $700,000 after purchasing an additional 387 shares during the period. Partners Group Holding AG increased its holdings in shares of CSX by 26.8% in the fourth quarter. Partners Group Holding AG now owns 704,544 shares of the transportation company’s stock valued at $24,427,000 after purchasing an additional 149,105 shares during the last quarter. Finally, Public Employees Retirement Association of Colorado raised its position in shares of CSX by 718.9% in the fourth quarter. Public Employees Retirement Association of Colorado now owns 287,062 shares of the transportation company’s stock valued at $9,952,000 after purchasing an additional 252,006 shares during the period. 73.57% of the stock is owned by institutional investors.

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.