CSX Corp. (NASDAQ:CSX) was upgraded by stock analysts at Vetr from a “sell” rating to a “hold” rating in a note issued to investors on Wednesday. The firm presently has a $34.20 price objective on the stock. Vetr‘s price objective would suggest a potential upside of 0.71% from the stock’s current price.

Other equities research analysts have also issued research reports about the stock. Credit Suisse Group AG reissued a “buy” rating on shares of CSX Corp. in a research report on Tuesday, September 13th. Citigroup Inc. reissued a “buy” rating and issued a $34.00 price objective on shares of CSX Corp. in a research report on Friday, October 14th. Bank of America Corp. reissued a “buy” rating and issued a $32.00 price objective on shares of CSX Corp. in a research report on Monday, September 12th. Zacks Investment Research raised shares of CSX Corp. from a “hold” rating to a “buy” rating and set a $35.00 price objective for the company in a research report on Tuesday, October 18th. Finally, Deutsche Bank AG initiated coverage on shares of CSX Corp. in a research report on Wednesday, November 2nd. They issued a “buy” rating and a $36.00 price objective for the company. Three equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and fourteen have assigned a buy rating to the stock. CSX Corp. has a consensus rating of “Hold” and an average target price of $30.45.

Analyst Recommendations for CSX Corp. (NASDAQ:CSX)

Shares of CSX Corp. (NASDAQ:CSX) opened at 33.96 on Wednesday. CSX Corp. has a 12 month low of $21.33 and a 12 month high of $35.12. The company has a 50-day moving average of $31.43 and a 200-day moving average of $28.44. The stock has a market capitalization of $31.81 billion, a PE ratio of 18.90 and a beta of 1.11.

CSX Corp. (NASDAQ:CSX) last released its quarterly earnings data on Wednesday, October 12th. The company reported $0.48 earnings per share (EPS) for the quarter, topping the 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 company earned $2.71 billion during the quarter. During the same period in the previous year, the company earned $0.52 EPS. CSX Corp.’s revenue was down 7.8% on a year-over-year basis. On average, equities research analysts expect that CSX Corp. will post $1.79 EPS for the current fiscal 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 paid a $0.18 dividend. The ex-dividend date is Monday, November 28th. This represents a $0.72 annualized dividend and a dividend yield of 2.12%. CSX Corp.’s dividend payout ratio is currently 40.00%.

In other news, Chairman Michael J. Ward sold 300,000 shares of CSX Corp. stock in a transaction that occurred on Monday, October 17th. The shares were sold at an average price of $30.97, for a total value of $9,291,000.00. Following the transaction, the chairman now owns 198,742 shares of the company’s stock, valued at approximately $6,155,039.74. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, President Clarence W. Gooden sold 16,129 shares of CSX Corp. stock in a transaction that occurred on Thursday, October 6th. The stock was sold at an average price of $31.00, for a total transaction of $499,999.00. Following the completion of the transaction, the president now directly owns 127,954 shares in the company, valued at approximately $3,966,574. The disclosure for this sale can be found here. 0.36% of the stock is currently owned by insiders.

Several institutional investors have recently made changes to their positions in the company. Independent Portfolio Consultants Inc. boosted its position in shares of CSX Corp. by 2.1% in the third quarter. Independent Portfolio Consultants Inc. now owns 39,702 shares of the company’s stock valued at $1,211,000 after buying an additional 835 shares in the last quarter. Becker Capital Management Inc. boosted its position in shares of CSX Corp. by 1.0% in the second quarter. Becker Capital Management Inc. now owns 1,482,364 shares of the company’s stock valued at $38,660,000 after buying an additional 14,164 shares in the last quarter. Community Bank of Raymore boosted its position in shares of CSX Corp. by 2.5% in the second quarter. Community Bank of Raymore now owns 741,373 shares of the company’s stock valued at $19,328,000 after buying an additional 18,400 shares in the last quarter. Capital Analysts LLC boosted its position in shares of CSX Corp. by 241.5% in the second quarter. Capital Analysts LLC now owns 7,567 shares of the company’s stock valued at $711,000 after buying an additional 5,351 shares in the last quarter. Finally, Shell Asset Management Co. boosted its position in shares of CSX Corp. by 24.9% in the second quarter. Shell Asset Management Co. now owns 121,231 shares of the company’s stock valued at $3,162,000 after buying an additional 24,202 shares in the last quarter. 69.29% 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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