CSX Co. (NASDAQ:CSX) Receives $37.00 Average PT from Analysts

CSX Co. (NASDAQ:CSX) has received a consensus recommendation of “Moderate Buy” from the twenty research firms that are covering the firm, MarketBeat Ratings reports. Seven research analysts have rated the stock with a hold recommendation and thirteen have issued a buy recommendation on the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $37.00.

CSX has been the subject of a number of research reports. Stephens reissued an “overweight” rating and issued a $38.00 price target on shares of CSX in a research report on Friday, January 24th. Robert W. Baird reduced their price target on shares of CSX from $39.00 to $38.00 and set an “outperform” rating for the company in a research report on Friday, January 24th. Citigroup reduced their price target on shares of CSX from $40.00 to $39.00 and set a “buy” rating for the company in a research report on Friday, January 24th. Susquehanna reduced their price target on shares of CSX from $40.00 to $39.00 and set a “positive” rating for the company in a research report on Wednesday, January 8th. Finally, BMO Capital Markets reduced their price target on shares of CSX from $40.00 to $38.00 and set an “outperform” rating for the company in a research report on Friday, January 24th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in CSX during the fourth quarter worth about $117,133,000. Brooklyn FI LLC acquired a new position in CSX during the fourth quarter worth about $566,000. Jefferies Financial Group Inc. grew its position in CSX by 55.1% during the fourth quarter. Jefferies Financial Group Inc. now owns 178,850 shares of the transportation company’s stock worth $5,771,000 after buying an additional 63,551 shares during the period. Bernard Wealth Management Corp. acquired a new position in CSX during the fourth quarter worth about $74,000. Finally, Pinnacle Wealth Planning Services Inc. lifted its holdings in shares of CSX by 41.8% in the fourth quarter. Pinnacle Wealth Planning Services Inc. now owns 23,012 shares of the transportation company’s stock valued at $743,000 after purchasing an additional 6,787 shares in the last quarter. 73.57% of the stock is currently owned by institutional investors and hedge funds.

CSX Price Performance

Shares of CSX opened at $30.01 on Tuesday. CSX has a twelve month low of $28.98 and a twelve month high of $38.03. The firm’s fifty day simple moving average is $32.23 and its 200-day simple moving average is $33.49. The firm has a market capitalization of $56.86 billion, a price-to-earnings ratio of 16.77, a PEG ratio of 1.92 and a beta of 1.25. The company has a current ratio of 0.86, a quick ratio of 1.23 and a debt-to-equity ratio of 1.43.

CSX (NASDAQ:CSX) last announced its quarterly earnings data on Thursday, January 23rd. The transportation company reported $0.42 earnings per share for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.02). CSX had a net margin of 23.95% and a return on equity of 28.15%. Equities analysts forecast that CSX will post 1.83 EPS for the current fiscal year.

CSX Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were paid a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.73%. This is a positive change from CSX’s previous quarterly dividend of $0.12. The ex-dividend date of this dividend was Friday, February 28th. CSX’s payout ratio is 29.05%.

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.