Equities researchers at Seaport Global Securities started coverage on shares of CSX Corp. (NASDAQ:CSX) in a research note issued to investors on Wednesday. The firm set a “neutral” rating on the stock.

A number of other research analysts have also recently weighed in on CSX. Cowen and Company restated a “hold” rating on shares of CSX Corp. in a report on Sunday, July 17th. Oppenheimer Holdings Inc. reiterated a “hold” rating on shares of CSX Corp. in a report on Sunday, July 17th. BMO Capital Markets reiterated an “outperform” rating and set a $32.00 price target (up previously from $29.00) on shares of CSX Corp. in a report on Friday, July 15th. Deutsche Bank AG reiterated a “hold” rating and set a $29.00 price target (up previously from $27.00) on shares of CSX Corp. in a report on Friday, July 15th. Finally, Argus reiterated a “buy” rating and set a $35.00 price target on shares of CSX Corp. in a report on Friday, July 15th. Three research analysts have rated the stock with a sell rating, eleven have issued a hold rating and fifteen have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $29.96.

Analyst Recommendations for CSX Corp. (NASDAQ:CSX)

CSX Corp. (NASDAQ:CSX) opened at 31.02 on Wednesday. CSX Corp. has a 1-year low of $21.33 and a 1-year high of $31.73. The company has a market capitalization of $29.34 billion, a P/E ratio of 16.93 and a beta of 1.23. The stock’s 50 day moving average is $29.65 and its 200-day moving average is $27.56.

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

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 15th. Shareholders of record on Wednesday, November 30th will be paid a dividend of $0.18 per share. The ex-dividend date of this dividend is Monday, November 28th. This represents a $0.72 annualized dividend and a dividend yield of 2.32%. CSX Corp.’s dividend payout ratio is currently 40.00%.

In other CSX Corp. news, President Clarence W. Gooden sold 17,332 shares of the firm’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 sale, the president now directly owns 127,954 shares of the company’s stock, valued at approximately $3,766,965.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, President Clarence W. Gooden sold 16,129 shares of the firm’s stock in a transaction dated Thursday, October 6th. The stock was sold at an average price of $31.00, for a total transaction of $499,999.00. Following the sale, the president now directly owns 127,954 shares in the company, valued at $3,966,574. The disclosure for this sale can be found here. Company insiders own 0.36% of the company’s stock.

Several large investors have recently added to or reduced their stakes in CSX. Marco Investment Management LLC boosted its stake in CSX Corp. by 0.3% in the second quarter. Marco Investment Management LLC now owns 8,388 shares of the company’s stock valued at $219,000 after buying an additional 24 shares in the last quarter. Jackson Grant Investment Advisers Inc. boosted its stake in CSX Corp. by 0.4% in the second quarter. Jackson Grant Investment Advisers Inc. now owns 11,280 shares of the company’s stock valued at $294,000 after buying an additional 47 shares in the last quarter. IFC Holdings Incorporated FL boosted its stake in CSX Corp. by 0.5% in the second quarter. IFC Holdings Incorporated FL now owns 15,320 shares of the company’s stock valued at $401,000 after buying an additional 72 shares in the last quarter. Canandaigua National Bank & Trust Co. boosted its stake in CSX Corp. by 1.0% in the third quarter. Canandaigua National Bank & Trust Co. now owns 8,380 shares of the company’s stock valued at $256,000 after buying an additional 85 shares in the last quarter. Finally, Private Trust Co. NA boosted its stake in CSX Corp. by 0.3% in the third quarter. Private Trust Co. NA now owns 26,483 shares of the company’s stock valued at $807,000 after buying an additional 92 shares in the last quarter. 68.64% of the stock is currently owned by institutional investors.

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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