Susquehanna Boosts 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. They currently have a positive rating on the transportation company’s stock.

A number of other research firms also recently commented on CSX. Wells Fargo & Company initiated coverage on shares of CSX in a report on Friday, June 7th. They set an equal weight rating and a $35.00 price objective for the company. Evercore ISI upgraded shares of CSX to a strong-buy rating in a research note on Tuesday, August 6th. Benchmark reiterated a buy rating and issued a $40.00 price objective on shares of CSX in a research note on Wednesday, August 7th. Bank of America cut CSX from a buy rating to a neutral rating and set a $37.00 target price for the company. in a report on Monday, July 8th. Finally, Sanford C. Bernstein boosted their price target on CSX from $35.00 to $36.00 and gave the company a market perform rating in a research note on Monday, July 8th. Seven investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of Moderate Buy and a consensus price target of $39.00.

CSX Stock Performance

Shares of NASDAQ CSX opened at $34.49 on Wednesday. CSX has a 12 month low of $29.03 and a 12 month high of $40.12. The company has a market cap of $67.43 billion, a P/E ratio of 18.95, a P/E/G ratio of 1.91 and a beta of 1.19. The business’s 50 day moving average is $33.97 and its two-hundred day moving average is $34.15. The company has a quick ratio of 1.01, a current ratio of 1.16 and a debt-to-equity ratio of 1.42.

CSX (NASDAQ:CSX) last announced its earnings results on Monday, August 5th. The transportation company reported $0.49 earnings per share (EPS) for the quarter, topping 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 24.52% and a return on equity of 29.11%. CSX’s revenue was up .0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.49 earnings per share. On average, equities analysts expect that CSX will post 1.93 EPS for the current year.

CSX Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 30th were paid a dividend of $0.12 per share. The ex-dividend date was Friday, August 30th. This represents a $0.48 annualized dividend and a dividend yield of 1.39%. CSX’s dividend payout ratio (DPR) is currently 26.37%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. Eagle Asset Management Inc. boosted its stake in shares of CSX by 26.9% in the 4th quarter. Eagle Asset Management Inc. now owns 20,596 shares of the transportation company’s stock valued at $714,000 after purchasing an additional 4,363 shares during the last quarter. Optiver Holding B.V. acquired a new stake in CSX during the 4th quarter worth $2,869,000. Tower Research Capital LLC TRC raised its position in shares of CSX by 70.4% during the 4th quarter. Tower Research Capital LLC TRC now owns 331,845 shares of the transportation company’s stock valued at $11,505,000 after acquiring an additional 137,156 shares during the last quarter. Crossmark Global Holdings Inc. lifted its stake in shares of CSX by 10.4% in the 4th quarter. Crossmark Global Holdings Inc. now owns 301,378 shares of the transportation company’s stock valued at $10,448,000 after purchasing an additional 28,377 shares during the period. Finally, 1832 Asset Management L.P. boosted its position in shares of CSX by 16.9% in the 4th quarter. 1832 Asset Management L.P. now owns 1,890,117 shares of the transportation company’s stock worth $65,530,000 after purchasing an additional 272,891 shares during the last quarter. Institutional investors own 73.57% of the company’s stock.

CSX Company Profile

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.