CSX Corporation (NASDAQ:CSX) Given Consensus Rating of "Moderate Buy" by Analysts

CSX Corporation (NASDAQ:CSX - Get Free Report) has been given an average rating of "Moderate Buy" by the twenty-two brokerages that are covering the company, MarketBeat reports. Five investment analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $37.3636.

A number of research analysts have commented on the company. JPMorgan Chase & Co. upped their price target on CSX from $34.00 to $41.00 and gave the company an "overweight" rating in a research report on Thursday, July 24th. Sanford C. Bernstein reissued a "market perform" rating and issued a $36.00 target price (up previously from $33.00) on shares of CSX in a research report on Tuesday, July 8th. Wells Fargo & Company raised CSX from an "equal weight" rating to an "overweight" rating and increased their target price for the stock from $37.00 to $40.00 in a research report on Thursday. Deutsche Bank Aktiengesellschaft raised CSX from a "hold" rating to a "buy" rating and set a $40.00 target price for the company in a research report on Thursday, July 24th. Finally, Robert W. Baird decreased their target price on CSX from $44.00 to $39.00 and set an "outperform" rating for the company in a research report on Friday.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CSX. Brighton Jones LLC increased its position in CSX by 5.5% during the 4th quarter. Brighton Jones LLC now owns 16,254 shares of the transportation company's stock valued at $525,000 after buying an additional 849 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in CSX by 9.0% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 945,319 shares of the transportation company's stock valued at $30,505,000 after purchasing an additional 78,282 shares during the last quarter. Wellington Management Group LLP boosted its stake in CSX by 14.7% during the 4th quarter. Wellington Management Group LLP now owns 117,579 shares of the transportation company's stock valued at $3,794,000 after purchasing an additional 15,029 shares during the last quarter. Sage Capital Advisors llc boosted its stake in CSX by 0.6% during the 1st quarter. Sage Capital Advisors llc now owns 115,336 shares of the transportation company's stock valued at $3,394,000 after purchasing an additional 639 shares during the last quarter. Finally, Quent Capital LLC boosted its stake in CSX by 14.4% during the 1st quarter. Quent Capital LLC now owns 5,647 shares of the transportation company's stock valued at $166,000 after purchasing an additional 712 shares during the last quarter. Institutional investors own 73.57% of the company's stock.

CSX Trading Up 0.7%

CSX opened at $34.01 on Friday. The business has a 50 day simple moving average of $34.18 and a two-hundred day simple moving average of $31.78. The firm has a market capitalization of $63.40 billion, a price-to-earnings ratio of 20.99, a PEG ratio of 2.62 and a beta of 1.25. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.77 and a quick ratio of 0.63. CSX has a one year low of $26.22 and a one year high of $37.25.

CSX (NASDAQ:CSX - Get Free Report) last released its quarterly earnings results on Wednesday, July 23rd. The transportation company reported $0.44 EPS for the quarter, beating analysts' consensus estimates of $0.42 by $0.02. The business had revenue of $3.57 billion during the quarter, compared to analyst estimates of $3.57 billion. CSX had a return on equity of 25.48% and a net margin of 21.92%.CSX's quarterly revenue was down 3.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.49 EPS. Analysts predict that CSX will post 1.83 EPS for the current year.

CSX Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Friday, August 29th were given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend was Friday, August 29th. CSX's dividend payout ratio (DPR) is 32.10%.

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.

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