CSX Co. (NASDAQ:CSX) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of CSX Co. (NASDAQ:CSX) have been given an average recommendation of “Moderate Buy” by the eighteen analysts that are covering the company, Marketbeat.com reports. Six investment analysts have rated the stock with a hold recommendation and twelve have assigned a buy recommendation to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $38.72.

A number of equities analysts recently commented on the company. Wells Fargo & Company decreased their target price on CSX from $35.00 to $34.00 and set an “equal weight” rating on the stock in a report on Thursday, October 17th. Citigroup lifted their price objective on CSX from $42.00 to $44.00 and gave the company a “buy” rating in a research report on Tuesday. Loop Capital reduced their target price on shares of CSX from $43.00 to $42.00 and set a “buy” rating for the company in a report on Thursday, October 17th. Barclays lowered their price target on shares of CSX from $41.00 to $40.00 and set an “overweight” rating on the stock in a report on Wednesday, September 25th. Finally, TD Cowen reduced their price objective on shares of CSX from $36.00 to $35.00 and set a “hold” rating for the company in a research note on Thursday, October 17th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Itau Unibanco Holding S.A. purchased a new stake in CSX during the second quarter valued at approximately $26,000. Valley Wealth Managers Inc. raised its holdings in CSX by 177.8% during the 3rd quarter. Valley Wealth Managers Inc. now owns 750 shares of the transportation company’s stock valued at $26,000 after buying an additional 480 shares during the period. MFA Wealth Advisors LLC bought a new stake in CSX in the second quarter worth $27,000. Morton Brown Family Wealth LLC purchased a new position in CSX during the third quarter worth $31,000. Finally, Fairscale Capital LLC bought a new position in CSX during the second quarter valued at $32,000. 73.57% of the stock is owned by hedge funds and other institutional investors.

CSX Trading Down 1.1 %

Shares of NASDAQ:CSX opened at $36.13 on Wednesday. CSX has a 52-week low of $30.30 and a 52-week high of $40.12. The stock has a market capitalization of $69.67 billion, a price-to-earnings ratio of 19.42, a PEG ratio of 2.28 and a beta of 1.19. The company has a debt-to-equity ratio of 1.43, a quick ratio of 1.23 and a current ratio of 1.39. The stock’s 50-day simple moving average is $34.19 and its two-hundred day simple moving average is $33.84.

CSX (NASDAQ:CSX) last announced its earnings results on Wednesday, October 16th. The transportation company reported $0.46 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.48 by ($0.02). The business had revenue of $3.62 billion for the quarter, compared to the consensus estimate of $3.68 billion. CSX had a net margin of 24.77% and a return on equity of 28.92%. The business’s quarterly revenue was up 1.3% compared to the same quarter last year. During the same quarter last year, the firm posted $0.42 earnings per share. Analysts expect that CSX will post 1.84 EPS for the current year.

CSX Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be issued a dividend of $0.12 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $0.48 annualized dividend and a dividend yield of 1.33%. CSX’s dividend payout ratio (DPR) is 25.81%.

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.