CSX Corporation (NASDAQ:CSX) Receives Average Recommendation of "Moderate Buy" from Analysts

CSX Corporation (NASDAQ:CSX - Get Free Report) has earned a consensus recommendation of "Moderate Buy" from the twenty-one brokerages that are covering the company, MarketBeat reports. Eight equities research analysts have rated the stock with a hold recommendation and thirteen have assigned a buy recommendation to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $34.14.

Several brokerages recently weighed in on CSX. Benchmark reaffirmed a "buy" rating and issued a $35.00 target price on shares of CSX in a report on Thursday, April 17th. The Goldman Sachs Group restated a "neutral" rating and issued a $35.00 price objective on shares of CSX in a report on Monday, June 2nd. Royal Bank Of Canada decreased their price objective on shares of CSX from $31.00 to $30.00 and set a "sector perform" rating for the company in a research report on Thursday, April 17th. Argus set a $32.00 target price on CSX in a report on Friday, April 25th. Finally, UBS Group cut their price target on CSX from $36.00 to $34.00 and set a "buy" rating on the stock in a research note on Thursday, April 17th.

Institutional Trading of CSX

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Marshall & Sterling Wealth Advisors Inc. purchased a new stake in CSX during the fourth quarter worth $27,000. Accredited Wealth Management LLC acquired a new position in shares of CSX during the 4th quarter worth $29,000. Fourth Dimension Wealth LLC purchased a new stake in shares of CSX in the 4th quarter worth about $29,000. SBI Securities Co. Ltd. purchased a new stake in shares of CSX in the 4th quarter worth about $31,000. Finally, Sierra Ocean LLC acquired a new stake in CSX in the 4th quarter valued at about $33,000. Institutional investors and hedge funds own 73.57% of the company's stock.

CSX Price Performance

CSX opened at $32.24 on Thursday. The stock's 50-day moving average price is $29.99 and its 200 day moving average price is $31.18. CSX has a 12-month low of $26.22 and a 12-month high of $37.10. The firm has a market cap of $60.56 billion, a price-to-earnings ratio of 19.31, a PEG ratio of 2.81 and a beta of 1.24. The company has a current ratio of 0.88, a quick ratio of 0.75 and a debt-to-equity ratio of 1.52.

CSX (NASDAQ:CSX - Get Free Report) last announced its quarterly earnings data on Wednesday, April 16th. The transportation company reported $0.34 earnings per share for the quarter, missing analysts' consensus estimates of $0.39 by ($0.05). The business had revenue of $3.42 billion during the quarter, compared to analyst estimates of $3.53 billion. CSX had a net margin of 22.66% and a return on equity of 26.42%. As a group, sell-side analysts expect that CSX will post 1.83 earnings per share for the current year.

CSX Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Friday, May 30th were paid a $0.13 dividend. The ex-dividend date was Friday, May 30th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.61%. CSX's dividend payout ratio (DPR) is presently 31.14%.

CSX Company Profile

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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