CSX - CSX Stock Forecast, Price & News

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 transports chemicals, agricultural and food products, automotive, minerals, 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. The company also offers intermodal transportation services through a network of approximately 30 terminals transporting manufactured consumer goods in containers; and drayage services, including the pickup and delivery of intermodal shipments. It serves the automotive industry with distribution centers and storage locations, as well as connects non-rail served customers through transferring products, such as plastics and ethanol from rail to trucks. The company operates approximately 19,500 route mile rail network, which serves various population centers in 23 states east of the Mississippi River, the District of Columbia, and the Canadian provinces of Ontario and Quebec, as well as owns and leases approximately 3,500 locomotives. It also serves production and distribution facilities through track connections. CSX Corporation was incorporated in 1978 and is headquartered in Jacksonville, Florida.

CSX Stock Performance

CSX Stock opened at $34.16 on Friday. The firm's 50 day simple moving average is $30.37 and its 200-day simple moving average is $33.05. The company has a market cap of $73.14 billion, a P/E ratio of 19.19, a price-to-earnings-growth ratio of 1.72 and a beta of 1.22. The company has a debt-to-equity ratio of 1.22, a current ratio of 1.16 and a quick ratio of 1.01. CSX has a fifty-two week low of $27.59 and a fifty-two week high of $38.63.

CSX (NASDAQ:CSX - Get Rating) last announced its quarterly earnings data on Wednesday, July 20th. The transportation company reported $0.50 EPS for the quarter, beating analysts' consensus estimates of $0.47 by $0.03. CSX had a net margin of 28.24% and a return on equity of 29.07%. The firm had revenue of $3.82 billion for the quarter, compared to the consensus estimate of $3.67 billion. During the same period in the previous year, the firm posted $0.40 earnings per share. The firm's revenue was up 27.8% on a year-over-year basis. As a group, equities research analysts predict that CSX will post 1.88 EPS for the current year.

CSX Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 15th. Investors of record on Wednesday, August 31st will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 1.17%. The ex-dividend date of this dividend is Tuesday, August 30th. CSX's payout ratio is presently 22.47%.

Analysts Set New Price Targets

Several research analysts have recently commented on CSX shares. Susquehanna Bancshares decreased their price target on shares of CSX from $36.00 to $35.00 and set a "positive" rating for the company in a report on Thursday, July 21st. Cowen reduced their target price on shares of CSX from $39.00 to $37.00 and set a "market perform" rating for the company in a research note on Thursday, July 21st. TD Securities lowered shares of CSX from a "buy" rating to a "hold" rating and reduced their target price for the company from $41.00 to $38.00 in a research note on Monday, April 18th. Raymond James reduced their target price on shares of CSX from $40.00 to $35.00 and set an "outperform" rating for the company in a research note on Friday, July 8th. Finally, Citigroup lowered shares of CSX from a "buy" rating to a "neutral" rating and reduced their target price for the company from $45.00 to $35.00 in a research note on Thursday, May 19th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and sixteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $36.52.

Insider Activity at CSX

In related news, Director John J. Zillmer sold 16,000 shares of the business's stock in a transaction that occurred on Monday, June 6th. The shares were sold at an average price of $32.25, for a total transaction of $516,000.00. Following the transaction, the director now directly owns 320,763 shares of the company's stock, valued at $10,344,606.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.37% of the stock is currently owned by insiders.