CSX Co. (NASDAQ:CSX) Given Consensus Rating of “Moderate Buy” by Analysts

CSX Co. (NASDAQ:CSX) has been assigned a consensus recommendation of “Moderate Buy” from the sixteen ratings firms that are covering the stock, Marketbeat.com reports. Six research analysts have rated the stock with a hold recommendation, nine have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $38.80.

CSX has been the topic of a number of recent analyst reports. Bank of America lowered CSX from a “buy” rating to a “neutral” rating and set a $37.00 price objective on the stock. in a research note on Monday, July 8th. Stephens reissued an “overweight” rating and issued a $42.00 price objective on shares of CSX in a research report on Tuesday, August 6th. Benchmark reaffirmed a “buy” rating and set a $40.00 target price on shares of CSX in a research report on Wednesday, August 7th. Royal Bank of Canada reissued a “sector perform” rating and issued a $36.00 price target on shares of CSX in a report on Tuesday, August 6th. Finally, Sanford C. Bernstein raised their price target on shares of CSX from $35.00 to $36.00 and gave the stock a “market perform” rating in a research report on Monday, July 8th.

Hedge Funds Weigh In On CSX

Several institutional investors have recently added to or reduced their stakes in CSX. Jennison Associates LLC boosted its stake in CSX by 13.0% in the fourth quarter. Jennison Associates LLC now owns 114,675 shares of the transportation company’s stock worth $3,976,000 after purchasing an additional 13,159 shares in the last quarter. Atria Wealth Solutions Inc. grew its holdings in CSX by 1.6% during the 4th quarter. Atria Wealth Solutions Inc. now owns 87,117 shares of the transportation company’s stock worth $3,020,000 after acquiring an additional 1,341 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. grew its holdings in CSX by 3.2% during the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 42,426 shares of the transportation company’s stock worth $1,471,000 after acquiring an additional 1,320 shares during the last quarter. Syon Capital LLC increased its position in CSX by 8.7% in the 4th quarter. Syon Capital LLC now owns 23,505 shares of the transportation company’s stock valued at $815,000 after acquiring an additional 1,875 shares in the last quarter. Finally, Stanley Laman Group Ltd. bought a new position in shares of CSX in the fourth quarter worth about $224,000. 73.57% of the stock is owned by institutional investors.

CSX Trading Up 0.7 %

NASDAQ:CSX opened at $33.94 on Friday. The company’s 50 day moving average is $33.77 and its 200-day moving average is $34.78. 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 has a 12 month low of $29.03 and a 12 month high of $40.12. The firm has a market cap of $66.35 billion, a price-to-earnings ratio of 18.65, a P/E/G ratio of 1.89 and a beta of 1.20.

CSX (NASDAQ:CSX) last posted its earnings results on Monday, August 5th. The transportation company reported $0.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.48 by $0.01. The business had revenue of $3.70 billion for the quarter, compared to analyst estimates of $3.70 billion. CSX had a net margin of 24.75% and a return on equity of 29.58%. CSX’s revenue was up .0% compared to the same quarter last year. During the same period last year, the business posted $0.49 EPS. Equities analysts anticipate that CSX will post 1.94 EPS for the current year.

CSX Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 13th. Shareholders of record on Friday, August 30th will be issued a dividend of $0.12 per share. The ex-dividend date is Friday, August 30th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.41%. CSX’s payout ratio is presently 26.37%.

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.