CSX (NASDAQ:CSX) Lowered to “Hold” at Loop Capital

Loop Capital downgraded shares of CSX (NASDAQ:CSX) from a buy rating to a hold rating in a research note released on Wednesday morning, 24/7 WallStreet reports. The brokerage currently has $81.00 price objective on the transportation company’s stock, down from their previous price objective of $85.00.

A number of other equities research analysts also recently weighed in on CSX. UBS Group reaffirmed a buy rating on shares of Cie Gnrl des Etblsmnts Michelin SCA in a research report on Friday, April 5th. Zacks Investment Research raised Flagstar Bancorp from a hold rating to a buy rating and set a $38.00 price objective on the stock in a research report on Monday, July 8th. Raymond James set a $8.00 price objective on Superior Energy Services and gave the company a buy rating in a research report on Wednesday, April 17th. Deutsche Bank raised CYBERAGENT INC/ADR from a hold rating to a buy rating in a research report on Wednesday, June 12th. Finally, Citigroup set a $20.00 price objective on Compania de Minas Buenaventura SAA and gave the company a buy rating in a research report on Thursday, April 4th. Three research analysts have rated the stock with a sell rating, twelve have issued a hold rating and nine have assigned a buy rating to the company’s stock. CSX has a consensus rating of Hold and an average target price of $79.18.

Shares of CSX stock opened at $78.58 on Wednesday. CSX has a 1-year low of $58.47 and a 1-year high of $80.73. The company’s 50-day moving average is $77.10. The company has a market capitalization of $63.58 billion, a P/E ratio of 19.21, a P/E/G ratio of 1.38 and a beta of 1.22. 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 (NASDAQ:CSX) last issued its quarterly earnings data on Tuesday, April 16th. The transportation company reported $1.02 earnings per share for the quarter, beating analysts’ consensus estimates of $0.91 by $0.11. CSX had a return on equity of 26.13% and a net margin of 27.84%. The company had revenue of $3.01 billion for the quarter, compared to the consensus estimate of $3 billion. During the same quarter last year, the company earned $0.78 earnings per share. The firm’s revenue for the quarter was up 4.8% compared to the same quarter last year. On average, sell-side analysts predict that CSX will post 4.3 EPS for the current fiscal year.

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

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

Several large investors have recently made changes to their positions in the company. CWM LLC raised its stake in shares of CSX by 10.7% in the first quarter. CWM LLC now owns 1,347 shares of the transportation company’s stock worth $101,000 after purchasing an additional 130 shares during the last quarter. Community Bank & Trust Waco Texas raised its stake in shares of CSX by 1.1% in the second quarter. Community Bank & Trust Waco Texas now owns 12,314 shares of the transportation company’s stock worth $953,000 after purchasing an additional 132 shares during the last quarter. Hilltop Holdings Inc. raised its stake in shares of CSX by 1.7% in the fourth quarter. Hilltop Holdings Inc. now owns 8,866 shares of the transportation company’s stock worth $551,000 after purchasing an additional 149 shares during the last quarter. RFG Advisory LLC raised its stake in shares of CSX by 3.6% in the first quarter. RFG Advisory LLC now owns 4,276 shares of the transportation company’s stock worth $319,000 after purchasing an additional 150 shares during the last quarter. Finally, Adirondack Trust Co. raised its stake in shares of CSX by 2.2% in the first quarter. Adirondack Trust Co. now owns 6,960 shares of the transportation company’s stock worth $554,000 after purchasing an additional 150 shares during the last quarter. Hedge funds and other institutional investors own 75.68% 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, 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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