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.

Wall Street Analyst Weigh In

Several research firms have issued reports on CSX. Argus increased their price objective on shares of CSX from $39.00 to $41.00 in a report on Friday, April 22nd. Susquehanna Bancshares decreased their price objective on shares of CSX from $36.00 to $35.00 and set a "positive" rating on the stock in a report on Thursday, July 21st. JPMorgan Chase & Co. decreased their price objective on shares of CSX from $39.00 to $33.00 and set a "neutral" rating on the stock in a report on Tuesday, July 12th. Credit Suisse Group increased their price objective on shares of CSX to $37.00 in a report on Friday, July 22nd. Finally, Raymond James decreased their price objective on shares of CSX from $40.00 to $35.00 and set an "outperform" rating on the stock in a report on Friday, July 8th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and sixteen have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $36.52.

CSX Trading Down 1.5 %

Shares of CSX traded down $0.52 during trading on Friday, reaching $33.83. 12,432,638 shares of the company traded hands, compared to its average volume of 16,017,498. CSX has a twelve month low of $27.59 and a twelve month high of $38.63. The stock has a market cap of $72.44 billion, a PE ratio of 19.01, a price-to-earnings-growth ratio of 1.80 and a beta of 1.22. The stock has a 50-day simple moving average of $30.64 and a 200-day simple moving average of $33.06. The company has a quick ratio of 1.01, a current ratio of 1.16 and a debt-to-equity ratio of 1.22.

CSX (NASDAQ:CSX - Get Rating) last announced its quarterly earnings results on Wednesday, July 20th. The transportation company reported $0.50 earnings per share 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 business had revenue of $3.82 billion during the quarter, compared to analysts' expectations of $3.67 billion. During the same period last year, the business earned $0.40 earnings per share. The business's revenue for the quarter was up 27.8% on a year-over-year basis. On average, analysts anticipate that CSX will post 1.89 earnings per share for the current year.

CSX Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 15th. Stockholders of record on Wednesday, August 31st will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 1.18%. The ex-dividend date is Tuesday, August 30th. CSX's payout ratio is 22.47%.

Insider Activity

In other news, Director John J. Zillmer sold 16,000 shares of the firm'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 value of $516,000.00. Following the completion of the transaction, the director now owns 320,763 shares of the company's stock, valued at $10,344,606.75. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 0.37% of the company's stock.