CSX Corp. (NASDAQ:CSX) was downgraded by investment analysts at Vetr from a “hold” rating to a “sell” rating in a report released on Tuesday. They currently have a $33.25 target price on the stock. Vetr‘s price target would suggest a potential downside of 4.40% from the company’s current price.

A number of other research firms also recently issued reports on CSX. Bank of America Corp. restated a “buy” rating and issued a $32.00 target price on shares of CSX Corp. in a report on Monday, September 12th. Barclays PLC restated an “overweight” rating and issued a $35.00 target price on shares of CSX Corp. in a report on Saturday, October 15th. Vertical Research started coverage on shares of CSX Corp. in a report on Tuesday, October 11th. They issued a “hold” rating for the company. Deutsche Bank AG started coverage on shares of CSX Corp. in a report on Wednesday, November 2nd. They issued a “buy” rating and a $36.00 target price for the company. Finally, Credit Suisse Group AG restated a “buy” rating on shares of CSX Corp. in a report on Tuesday, September 13th. Four research analysts have rated the stock with a sell rating, twelve have given a hold rating and fifteen have issued a buy rating to the company. The company has an average rating of “Hold” and an average price target of $30.42.

Analyst Recommendations for CSX Corp. (NASDAQ:CSX)

Shares of CSX Corp. (NASDAQ:CSX) opened at 34.78 on Tuesday. CSX Corp. has a 1-year low of $21.33 and a 1-year high of $35.12. The stock has a 50 day moving average price of $31.07 and a 200-day moving average price of $28.31. The company has a market cap of $32.58 billion, a price-to-earnings ratio of 19.35 and a beta of 1.11.

CSX Corp. (NASDAQ:CSX) last posted 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 business 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 business’s quarterly revenue was down 7.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.52 EPS. Equities research analysts forecast that CSX Corp. will post $1.79 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 15th. Stockholders of record on Wednesday, November 30th will be given a dividend of $0.18 per share. The ex-dividend date is Monday, November 28th. This represents a $0.72 annualized dividend and a dividend yield of 2.07%. CSX Corp.’s dividend payout ratio (DPR) is 40.00%.

In other CSX Corp. news, 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 completion of the sale, the president now directly owns 127,954 shares of the company’s stock, valued at $3,966,574. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, President Clarence W. Gooden sold 15,625 shares of the company’s stock in a transaction dated Monday, November 7th. The shares were sold at an average price of $32.00, for a total transaction of $500,000.00. Following the sale, the president now directly owns 127,954 shares of the company’s stock, valued at $4,094,528. The disclosure for this sale can be found here. Insiders own 0.36% of the company’s stock.

A number of hedge funds have recently bought and sold shares of CSX. Becker Capital Management Inc. raised its stake in CSX Corp. by 1.0% in the second quarter. Becker Capital Management Inc. now owns 1,482,364 shares of the company’s stock worth $38,660,000 after buying an additional 14,164 shares in the last quarter. Community Bank of Raymore raised its stake in CSX Corp. by 2.5% in the second quarter. Community Bank of Raymore now owns 741,373 shares of the company’s stock worth $19,328,000 after buying an additional 18,400 shares in the last quarter. Legal & General Group Plc raised its stake in CSX Corp. by 1.6% in the first quarter. Legal & General Group Plc now owns 4,290,750 shares of the company’s stock worth $110,488,000 after buying an additional 66,790 shares in the last quarter. Capital Analysts LLC raised its stake in CSX Corp. by 241.5% in the second quarter. Capital Analysts LLC now owns 7,567 shares of the company’s stock worth $711,000 after buying an additional 5,351 shares in the last quarter. Finally, Shell Asset Management Co. raised its stake in CSX Corp. by 24.9% in the second quarter. Shell Asset Management Co. now owns 121,231 shares of the company’s stock worth $3,162,000 after buying an additional 24,202 shares in the last quarter. 69.29% of the stock is owned by institutional investors.

About CSX Corp.

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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