CSX Co. (NASDAQ:CSX) Receives $78.13 Consensus Target Price from Analysts

Shares of CSX Co. (NASDAQ:CSX) have earned a consensus rating of “Hold” from the twenty-five research firms that are presently covering the company, Marketbeat reports. Three analysts have rated the stock with a sell recommendation, fifteen have given a hold recommendation and seven have issued a buy recommendation on the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $78.13.

Several equities research analysts have issued reports on the company. Zacks Investment Research downgraded CSX from a “hold” rating to a “sell” rating and set a $83.00 price objective on the stock. in a report on Monday, July 8th. Stephens downgraded CSX from an “overweight” rating to an “equal weight” rating and dropped their price objective for the stock from $86.00 to $79.00 in a report on Wednesday, July 17th. Loop Capital downgraded CSX from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $85.00 to $81.00 in a report on Wednesday, July 10th. Royal Bank of Canada dropped their price objective on CSX to $75.00 and set a “sector perform” rating on the stock in a report on Wednesday, July 17th. Finally, Cowen restated a “market perform” rating and set a $78.00 price objective (down from $80.00) on shares of CSX in a report on Wednesday, July 17th.

In other news, EVP Nathan D. Goldman sold 7,000 shares of CSX stock in a transaction that occurred on 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 transaction, the executive vice president now owns 79,697 shares in the company, valued at approximately $6,335,911.50. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 4.83% of the stock is currently owned by company insiders.

A number of large investors have recently added to or reduced their stakes in CSX. GWM Advisors LLC boosted its position in CSX by 20.8% during the 2nd quarter. GWM Advisors LLC now owns 5,997 shares of the transportation company’s stock worth $464,000 after acquiring an additional 1,032 shares during the period. Cedar Capital LLC boosted its position in CSX by 26.7% during the 2nd quarter. Cedar Capital LLC now owns 8,196 shares of the transportation company’s stock worth $634,000 after acquiring an additional 1,729 shares during the period. Meeder Asset Management Inc. boosted its position in CSX by 7.0% during the 2nd quarter. Meeder Asset Management Inc. now owns 126,641 shares of the transportation company’s stock worth $9,798,000 after acquiring an additional 8,242 shares during the period. Buckingham Asset Management LLC boosted its position in CSX by 2.5% during the 2nd quarter. Buckingham Asset Management LLC now owns 16,469 shares of the transportation company’s stock worth $1,274,000 after acquiring an additional 405 shares during the period. Finally, Eagle Asset Management Inc. boosted its position in CSX by 1.0% during the 2nd quarter. Eagle Asset Management Inc. now owns 64,879 shares of the transportation company’s stock worth $5,019,000 after acquiring an additional 645 shares during the period. Institutional investors and hedge funds own 76.75% of the company’s stock.

Shares of NASDAQ:CSX traded down $1.77 during mid-day trading on Wednesday, hitting $65.35. 383,884 shares of the company traded hands, compared to its average volume of 7,084,083. The firm has a market capitalization of $53.57 billion, a price-to-earnings ratio of 17.02, a P/E/G ratio of 1.17 and a beta of 1.21. The company has a debt-to-equity ratio of 1.26, a quick ratio of 1.44 and a current ratio of 1.55. CSX has a 52-week low of $58.47 and a 52-week high of $80.73. The stock’s 50 day moving average price is $75.10.

CSX (NASDAQ:CSX) last posted its quarterly earnings data on Tuesday, July 16th. The transportation company reported $1.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.11 by ($0.03). CSX had a return on equity of 26.96% and a net margin of 27.87%. The business had revenue of $3.06 billion for the quarter, compared to analysts’ expectations of $3.14 billion. During the same quarter in the prior year, the firm earned $1.01 earnings per share. CSX’s revenue for the quarter was down 1.4% compared to the same quarter last year. On average, equities analysts expect that CSX will post 4.15 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 13th. Stockholders of record on Friday, August 30th will be given a $0.24 dividend. The ex-dividend date of this dividend is Thursday, August 29th. This represents a $0.96 annualized dividend and a dividend yield of 1.47%. CSX’s payout ratio is 25.00%.

About CSX

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.

Read More: Moving Average – How it Helps Investors in Stock Selection

Analyst Recommendations for CSX (NASDAQ:CSX)

Receive News & Ratings for CSX Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CSX and related companies with MarketBeat.com's FREE daily email newsletter.