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.

Analysts Set New Price Targets

CSX has been the topic of a number of recent research reports. Argus upped their target price on shares of CSX from $39.00 to $41.00 in a research report on Friday, April 22nd. Citigroup downgraded shares of CSX from a "buy" rating to a "neutral" rating and cut their price objective for the company from $45.00 to $35.00 in a research report on Thursday, May 19th. Stephens increased their price objective on shares of CSX from $34.00 to $35.00 and gave the company an "overweight" rating in a research report on Thursday, July 21st. JPMorgan Chase & Co. cut their price objective on shares of CSX from $39.00 to $33.00 and set a "neutral" rating on the stock in a research report on Tuesday, July 12th. Finally, StockNews.com raised shares of CSX from a "hold" rating to a "buy" rating in a research report on Saturday, July 30th. One analyst has rated the stock with a sell rating, six have issued a hold rating and sixteen have issued a buy rating to the company's stock. According to data from MarketBeat, CSX currently has a consensus rating of "Moderate Buy" and an average target price of $36.52.

CSX Price Performance

Shares of NASDAQ:CSX opened at $34.14 on Tuesday. The firm's 50 day moving average price is $30.49 and its 200-day moving average price is $33.04. CSX has a twelve month low of $27.59 and a twelve month high of $38.63. The company has a quick ratio of 1.01, a current ratio of 1.16 and a debt-to-equity ratio of 1.22. The stock has a market capitalization of $73.10 billion, a PE ratio of 19.18, a price-to-earnings-growth ratio of 1.80 and a beta of 1.22.

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

CSX Announces Dividend

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

Insider Buying and Selling

In related news, Director John J. Zillmer sold 16,000 shares of the 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 sale, the director now directly owns 320,763 shares of the company's stock, valued at approximately $10,344,606.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.37% of the stock is currently owned by insiders.