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. Evercore ISI dropped their price target on shares of CSX from $37.00 to $35.00 in a research note on Tuesday, July 12th. Barclays boosted their price objective on CSX from $39.00 to $40.00 and gave the company an "overweight" rating in a research note on Thursday, July 21st. Citigroup downgraded CSX from a "buy" rating to a "neutral" rating and cut their target price for the stock from $45.00 to $35.00 in a research note on Thursday, May 19th. Stifel Nicolaus upgraded CSX from a "hold" rating to a "buy" rating and decreased their price target for the company from $39.00 to $37.00 in a research report on Friday, July 15th. They noted that the move was a valuation call. Finally, Susquehanna decreased their target price on shares of CSX from $36.00 to $35.00 in a report on Thursday, July 21st. 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 stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $36.52.

CSX Stock Up 0.9 %

Shares of NASDAQ:CSX opened at $34.44 on Wednesday. The stock has a market capitalization of $73.74 billion, a P/E ratio of 19.35, a price-to-earnings-growth ratio of 1.79 and a beta of 1.22. The stock's 50-day moving average price is $30.53 and its 200-day moving average price is $33.05. The company has a current ratio of 1.16, a quick ratio of 1.01 and a debt-to-equity ratio of 1.22. CSX has a 12-month low of $27.59 and a 12-month high of $38.63.

CSX (NASDAQ:CSX - Get Rating) last posted its quarterly earnings results on Wednesday, July 20th. The transportation company reported $0.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.47 by $0.03. CSX had a return on equity of 29.07% and a net margin of 28.24%. The business had revenue of $3.82 billion for the quarter, compared to analyst estimates of $3.67 billion. During the same period last year, the company earned $0.40 EPS. CSX's revenue for the quarter was up 27.8% compared to the same quarter last year. On average, equities analysts anticipate that CSX will post 1.88 earnings per share for the current year.

CSX Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 15th. Shareholders of record on Wednesday, August 31st will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Tuesday, August 30th. This represents a $0.40 annualized dividend and a yield of 1.16%. CSX's payout ratio is currently 22.47%.

Insiders Place Their Bets

In related news, Director John J. Zillmer sold 16,000 shares of the firm's stock in a transaction dated Monday, June 6th. The stock was sold at an average price of $32.25, for a total value of $516,000.00. Following the sale, the director now directly 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 Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.37% of the company's stock.