CSX Co. (NASDAQ:CSX) Receives $33.90 Consensus Price Target from Analysts

CSX Co. (NASDAQ:CSX - Get Free Report) has been given an average recommendation of "Moderate Buy" by the twenty analysts that are currently covering the firm, MarketBeat reports. Seven investment analysts have rated the stock with a hold recommendation and thirteen have issued a buy recommendation on the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $33.90.

A number of brokerages have weighed in on CSX. Raymond James reiterated an "outperform" rating and issued a $33.00 price objective (down previously from $34.00) on shares of CSX in a research note on Thursday, April 17th. Bank of America boosted their price objective on CSX from $30.00 to $31.00 and gave the company a "neutral" rating in a research note on Monday, May 12th. Citigroup reduced their price objective on CSX from $39.00 to $36.00 and set a "buy" rating for the company in a research note on Tuesday, April 8th. UBS Group reduced their price objective on CSX from $36.00 to $34.00 and set a "buy" rating for the company in a research note on Thursday, April 17th. Finally, Loop Capital cut CSX from a "buy" rating to a "hold" rating and reduced their price objective for the company from $40.00 to $34.00 in a research note on Monday, February 3rd.

CSX Trading Up 0.3%

CSX traded up $0.08 on Friday, hitting $31.42. The company had a trading volume of 15,013,334 shares, compared to its average volume of 13,004,929. The firm has a market cap of $59.02 billion, a P/E ratio of 17.55, a PEG ratio of 1.92 and a beta of 1.22. CSX has a 1 year low of $26.22 and a 1 year high of $37.10. The company's fifty day moving average price is $29.02 and its 200 day moving average price is $31.55. 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 - Get Free Report) last issued its quarterly earnings results on Wednesday, April 16th. The transportation company reported $0.34 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.39 by ($0.05). CSX had a return on equity of 28.15% and a net margin of 23.95%. The business had revenue of $3.42 billion for the quarter, compared to analysts' expectations of $3.53 billion. As a group, equities analysts expect that CSX will post 1.83 earnings per share for the current year.

CSX Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be paid a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 1.65%. The ex-dividend date of this dividend is Friday, May 30th. CSX's dividend payout ratio is 31.14%.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of CSX. Norges Bank acquired a new position in CSX during the fourth quarter worth $780,194,000. Ameriprise Financial Inc. grew its holdings in shares of CSX by 89.7% during the fourth quarter. Ameriprise Financial Inc. now owns 20,856,567 shares of the transportation company's stock worth $673,025,000 after purchasing an additional 9,863,587 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in shares of CSX by 40.5% during the fourth quarter. Bank of New York Mellon Corp now owns 23,350,087 shares of the transportation company's stock worth $753,507,000 after purchasing an additional 6,730,316 shares during the last quarter. Nuveen LLC bought a new stake in shares of CSX during the first quarter worth $182,550,000. Finally, Mitsubishi UFJ Trust & Banking Corp grew its holdings in shares of CSX by 471.9% during the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 6,748,661 shares of the transportation company's stock worth $217,808,000 after purchasing an additional 5,568,624 shares during the last quarter. 73.57% of the stock is currently owned by institutional investors and hedge funds.

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.