CSX Co. (NASDAQ:CSX) Receives $36.20 Consensus PT from Brokerages

Shares of CSX Co. (NASDAQ:CSX) have been assigned a consensus rating of “Moderate Buy” from the twenty research firms that are covering the stock, Marketbeat Ratings reports. Seven analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. The average 1-year price target among brokers that have covered the stock in the last year is $36.20.

Several research analysts have weighed in on CSX shares. Loop Capital lowered CSX from a “buy” rating to a “hold” rating and lowered their price target for the stock from $40.00 to $34.00 in a research report on Monday, February 3rd. Robert W. Baird lowered their price target on shares of CSX from $39.00 to $38.00 and set an “outperform” rating on the stock in a report on Friday, January 24th. UBS Group dropped their target price on CSX from $39.00 to $36.00 and set a “buy” rating for the company in a report on Wednesday, April 2nd. Stephens reaffirmed an “overweight” rating and set a $38.00 target price on shares of CSX in a report on Friday, January 24th. Finally, BMO Capital Markets lowered their price objective on CSX from $40.00 to $38.00 and set an “outperform” rating on the stock in a research note on Friday, January 24th.

Institutional Trading of CSX

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Marshall & Sterling Wealth Advisors Inc. bought a new stake in shares of CSX during the fourth quarter valued at approximately $27,000. Accredited Wealth Management LLC bought a new position in shares of CSX in the 4th quarter worth $29,000. Fourth Dimension Wealth LLC acquired a new stake in CSX in the 4th quarter valued at $29,000. SBI Securities Co. Ltd. bought a new stake in CSX during the 4th quarter valued at $31,000. Finally, Sierra Ocean LLC acquired a new position in CSX during the fourth quarter worth $33,000. 73.57% of the stock is owned by institutional investors.

CSX Price Performance

NASDAQ CSX opened at $27.09 on Friday. CSX has a 52-week low of $26.22 and a 52-week high of $37.10. The company has a debt-to-equity ratio of 1.43, a quick ratio of 1.23 and a current ratio of 0.86. The business has a 50 day simple moving average of $31.19 and a 200 day simple moving average of $32.97. The stock has a market cap of $51.06 billion, a price-to-earnings ratio of 15.13, a PEG ratio of 1.92 and a beta of 1.23.

CSX (NASDAQ:CSX) last announced its earnings results on Thursday, January 23rd. The transportation company reported $0.42 earnings per share (EPS) 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%. Analysts anticipate that CSX will post 1.83 earnings per share for the current fiscal year.

CSX Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were issued a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 1.92%. This is a boost from CSX’s previous quarterly dividend of $0.12. The ex-dividend date of this dividend was Friday, February 28th. CSX’s dividend payout ratio (DPR) is presently 29.05%.

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.