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

CSX Corporation (NASDAQ:CSX - Get Free Report) has earned an average rating of "Moderate Buy" from the twenty-two brokerages that are presently covering the stock, MarketBeat.com reports. Nine investment analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $34.64.

Several brokerages have recently issued reports on CSX. JPMorgan Chase & Co. lifted their price objective on CSX from $31.00 to $34.00 and gave the company an "overweight" rating in a research note on Tuesday, July 8th. Barclays boosted their target price on CSX from $31.00 to $36.00 and gave the stock an "overweight" rating in a research report on Thursday. The Goldman Sachs Group reiterated a "neutral" rating and set a $35.00 target price on shares of CSX in a research report on Monday, June 2nd. Baird R W raised CSX to a "strong-buy" rating in a research report on Tuesday, July 1st. Finally, Bank of America increased their price target on CSX from $33.00 to $35.00 and gave the company a "neutral" rating in a report on Friday, June 13th.

CSX Trading Up 1.7%

Shares of NASDAQ:CSX opened at $34.10 on Monday. CSX has a 1 year low of $26.22 and a 1 year high of $37.10. The firm has a market capitalization of $64.06 billion, a price-to-earnings ratio of 20.42, a price-to-earnings-growth ratio of 3.05 and a beta of 1.23. The company has a debt-to-equity ratio of 1.52, a current ratio of 0.88 and a quick ratio of 0.75. The business's 50 day moving average price is $31.73 and its 200-day moving average price is $31.09.

CSX (NASDAQ:CSX - Get Free Report) last issued its 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). The company had revenue of $3.42 billion during the quarter, compared to analyst estimates of $3.53 billion. CSX had a return on equity of 26.42% and a net margin of 22.66%. On average, equities research analysts forecast that CSX will post 1.83 earnings per share for the current fiscal year.

CSX Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Friday, May 30th were issued a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 1.52%. The ex-dividend date was Friday, May 30th. CSX's dividend payout ratio is 31.14%.

Institutional Trading of CSX

A number of large investors have recently made changes to their positions in CSX. Brighton Jones LLC increased its holdings in shares of CSX by 5.5% during the fourth quarter. Brighton Jones LLC now owns 16,254 shares of the transportation company's stock worth $525,000 after purchasing an additional 849 shares during the period. Proficio Capital Partners LLC grew its stake in shares of CSX by 20.9% during the fourth quarter. Proficio Capital Partners LLC now owns 18,257 shares of the transportation company's stock worth $589,000 after buying an additional 3,159 shares during the last quarter. Farther Finance Advisors LLC grew its stake in shares of CSX by 6.3% in the fourth quarter. Farther Finance Advisors LLC now owns 8,772 shares of the transportation company's stock worth $283,000 after purchasing an additional 518 shares during the last quarter. Catalyst Funds Management Pty Ltd grew its stake in shares of CSX by 154.5% in the fourth quarter. Catalyst Funds Management Pty Ltd now owns 8,400 shares of the transportation company's stock worth $271,000 after purchasing an additional 5,100 shares during the last quarter. Finally, Frank Rimerman Advisors LLC grew its stake in shares of CSX by 6.1% in the fourth quarter. Frank Rimerman Advisors LLC now owns 23,997 shares of the transportation company's stock worth $774,000 after purchasing an additional 1,386 shares during the last quarter. Institutional investors own 73.57% of the company's stock.

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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