CSX Corp. (NASDAQ:CSX)‘s stock had its “overweight” rating restated by stock analysts at Barclays PLC in a note issued to investors on Saturday. They currently have a $35.00 price objective on the stock. Barclays PLC’s price objective indicates a potential upside of 12.81% from the company’s previous close.

A number of other equities analysts also recently weighed in on CSX. Citigroup Inc. reaffirmed a “buy” rating and set a $29.00 target price on shares of CSX Corp. in a research note on Saturday, June 18th. BMO Capital Markets reissued an “outperform” rating and set a $29.00 price target on shares of CSX Corp. in a research report on Thursday, July 7th. Stifel Nicolaus downgraded shares of CSX Corp. from a “buy” rating to a “hold” rating in a research report on Thursday, July 14th. They noted that the move was a valuation call. Cowen and Company raised their price target on shares of CSX Corp. from $27.00 to $30.00 and gave the company a “market perform” rating in a research report on Friday, July 15th. Finally, Royal Bank Of Canada raised their price target on shares of CSX Corp. from $30.00 to $32.00 and gave the company an “outperform” rating in a research report on Friday, July 15th. Three research analysts have rated the stock with a sell rating, eleven have given a hold rating and fourteen have issued a buy rating to the stock. CSX Corp. currently has a consensus rating of “Hold” and an average price target of $29.75.

Analyst Recommendations for CSX Corp. (NASDAQ:CSX)

Shares of CSX Corp. (NASDAQ:CSX) opened at 31.025 on Friday. The stock has a market cap of $29.35 billion, a P/E ratio of 16.935 and a beta of 1.23. CSX Corp. has a 52-week low of $21.33 and a 52-week high of $31.73. The firm’s 50 day moving average price is $29.50 and its 200 day moving average price is $27.47.

CSX Corp. (NASDAQ:CSX) last announced its earnings results on Wednesday, October 12th. The company reported $0.48 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.45 by $0.03. CSX Corp. had a net margin of 15.93% and a return on equity of 14.79%. The business earned $2.71 billion during the quarter. During the same period in the prior year, the business posted $0.52 EPS. CSX Corp.’s revenue for the quarter was down 7.8% on a year-over-year basis. On average, analysts expect that CSX Corp. will post $1.75 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 15th. Stockholders of record on Wednesday, November 30th will be issued a $0.18 dividend. The ex-dividend date is Monday, November 28th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.32%. CSX Corp.’s dividend payout ratio (DPR) is presently 40.00%.

In related news, President Clarence W. Gooden sold 17,332 shares of the company’s stock in a transaction dated Monday, September 26th. The shares were sold at an average price of $29.44, for a total transaction of $510,254.08. Following the transaction, the president now directly owns 127,954 shares in the company, valued at approximately $3,766,965.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, President Clarence W. Gooden sold 16,129 shares of the company’s stock in a transaction dated Thursday, October 6th. The shares were sold at an average price of $31.00, for a total transaction of $499,999.00. Following the transaction, the president now owns 127,954 shares in the company, valued at $3,966,574. The disclosure for this sale can be found here. 0.36% of the stock is currently owned by insiders.

A number of institutional investors have recently modified their holdings of CSX. Brick & Kyle Associates increased its position in shares of CSX Corp. by 8.1% in the second quarter. Brick & Kyle Associates now owns 4,000 shares of the company’s stock valued at $104,000 after buying an additional 300 shares during the last quarter. Washington Trust Bank increased its position in shares of CSX Corp. by 7.7% in the third quarter. Washington Trust Bank now owns 3,644 shares of the company’s stock valued at $111,000 after buying an additional 259 shares during the last quarter. Advisors Asset Management Inc. purchased a new position in shares of CSX Corp. during the second quarter valued at approximately $117,000. Community Bank N.A. increased its position in shares of CSX Corp. by 19.9% in the third quarter. Community Bank N.A. now owns 4,300 shares of the company’s stock valued at $132,000 after buying an additional 715 shares during the last quarter. Finally, WFG Advisors LP increased its position in shares of CSX Corp. by 17.1% in the second quarter. WFG Advisors LP now owns 6,537 shares of the company’s stock valued at $170,000 after buying an additional 956 shares during the last quarter. Institutional investors own 68.55% of the company’s stock.

CSX Corp. Company Profile

CSX Corporation, together with its subsidiaries, is a transportation company. The Company provides rail-based transportation services, including rail service and the transport of intermodal containers and trailers. The Company serves three lines of business, such as merchandise business, coal business and intermodal business.

5 Day Chart for NASDAQ:CSX

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