CSX (NASDAQ:CSX) Earns Neutral Rating from Analysts at Goldman Sachs Group

Goldman Sachs Group started coverage on shares of CSX (NASDAQ:CSX) in a report issued on Wednesday, The Fly reports. The firm issued a neutral rating and a $86.00 price objective on the transportation company’s stock.

Several other equities analysts have also recently commented on CSX. UBS Group restated a buy rating on shares of Cie Gnrl des Etblsmnts Michelin SCA in a report on Friday, April 5th. Zacks Investment Research upgraded shares of Flagstar Bancorp from a hold rating to a buy rating and set a $38.00 price target on the stock in a report on Monday, July 8th. ValuEngine cut shares of Acceleron Pharma from a strong-buy rating to a buy rating in a report on Thursday, April 18th. Citigroup set a $20.00 price target on shares of Compania de Minas Buenaventura SAA and gave the company a buy rating in a report on Thursday, April 4th. Finally, Stifel Nicolaus set a $80.00 price target on shares of CSX and gave the company a hold rating in a report on Wednesday, April 17th. Three investment analysts have rated the stock with a sell rating, twelve have given a hold rating and nine have issued a buy rating to the stock. The stock has an average rating of Hold and a consensus price target of $79.18.

CSX stock opened at $78.58 on Wednesday. The firm’s fifty day moving average is $77.10. The company has a debt-to-equity ratio of 1.27, a quick ratio of 1.68 and a current ratio of 1.81. CSX has a 12 month low of $58.47 and a 12 month high of $80.73. The stock has a market cap of $63.58 billion, a PE ratio of 19.21, a P/E/G ratio of 1.38 and a beta of 1.22.

CSX (NASDAQ:CSX) last posted its quarterly earnings results on Tuesday, April 16th. The transportation company reported $1.02 EPS for the quarter, beating the consensus estimate of $0.91 by $0.11. CSX had a net margin of 27.84% and a return on equity of 26.13%. The business had revenue of $3.01 billion for the quarter, compared to analysts’ expectations of $3 billion. During the same period in the previous year, the company posted $0.78 EPS. CSX’s revenue was up 4.8% on a year-over-year basis. On average, research analysts anticipate that CSX will post 4.3 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 13th. Investors of record on Friday, August 30th will be issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 1.22%. The ex-dividend date of this dividend is Thursday, August 29th. CSX’s dividend payout ratio is presently 25.00%.

In other CSX news, VP Angela C. Williams sold 9,560 shares of the business’s stock in a transaction on Thursday, April 18th. The shares were sold at an average price of $79.14, for a total transaction of $756,578.40. Following the completion of the transaction, the vice president now owns 14,607 shares of the company’s stock, valued at approximately $1,155,997.98. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Nathan D. Goldman sold 7,000 shares of the business’s stock in a transaction on Tuesday, June 11th. The stock was sold at an average price of $79.50, for a total transaction of $556,500.00. Following the transaction, the executive vice president now directly owns 79,697 shares of the company’s stock, valued at approximately $6,335,911.50. The disclosure for this sale can be found here. Corporate insiders own 4.83% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in the business. Liberty Wealth Management LLC acquired a new position in shares of CSX during the fourth quarter valued at about $28,000. IMA Wealth Inc. acquired a new position in shares of CSX during the first quarter valued at about $35,000. Destination Wealth Management acquired a new position in shares of CSX during the first quarter valued at about $36,000. Field & Main Bank acquired a new position in shares of CSX during the first quarter valued at about $41,000. Finally, Berman Capital Advisors LLC acquired a new position in shares of CSX during the fourth quarter valued at about $35,000. 75.68% of the stock is owned by hedge funds and other institutional investors.

CSX Company Profile

CSX Corporation, together with its subsidiaries, provides rail-based freight transportation services. The company offers rail services, as well as transports intermodal containers and trailers. It transports chemicals, automotive, agricultural and food products, minerals, fertilizers, forest products, and metals and equipment; and coal, coke, and iron ore to electricity-generating power plants, steel manufacturers, and industrial plants.

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Analyst Recommendations for CSX (NASDAQ:CSX)

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