CSX Corp. (CSX) Receives $31.31 Consensus PT from Analysts
CSX Corp. (NASDAQ:CSX) has been assigned a consensus recommendation of “Hold” from the thirty-one analysts that are covering the firm. Three investment analysts have rated the stock with a sell recommendation, fourteen have assigned a hold recommendation and twelve have assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $31.31.
Several equities analysts recently weighed in on the stock. Barclays PLC restated an “overweight” rating and set a $35.00 price target on shares of CSX Corp. in a research report on Saturday, October 15th. Credit Suisse Group AG restated a “buy” rating on shares of CSX Corp. in a research report on Tuesday, September 13th. Cowen and Company increased their price target on shares of CSX Corp. from $30.00 to $33.00 and gave the company an “outperform” rating in a research report on Friday, October 14th. Oppenheimer Holdings Inc. restated a “market perform” rating on shares of CSX Corp. in a research report on Friday, October 14th. Finally, Vetr upgraded shares of CSX Corp. from a “sell” rating to a “hold” rating and set a $34.20 price target for the company in a research report on Wednesday, November 16th.
In other CSX Corp. news, President Clarence W. Gooden sold 15,625 shares of the stock in a transaction that occurred on Monday, November 7th. The shares were sold at an average price of $32.00, for a total transaction of $500,000.00. Following the transaction, the president now directly owns 127,954 shares in the company, valued at $4,094,528. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, President Clarence W. Gooden sold 17,332 shares of the stock in a transaction that occurred on 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 owns 127,954 shares in the company, valued at $3,766,965.76. The disclosure for this sale can be found here. Company insiders own 0.36% of the company’s stock.
A number of hedge funds and other institutional investors have recently modified their holdings of CSX. Brick & Kyle Associates boosted 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 worth $104,000 after buying an additional 300 shares during the last quarter. Washington Trust Bank boosted 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 in the last quarter. Advisors Asset Management Inc. purchased a new position in shares of CSX Corp. during the second quarter valued at about $117,000. Community Bank N.A. boosted 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 in the last quarter. Finally, WFG Advisors LP boosted 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 in the last quarter. Institutional investors and hedge funds own 68.86% of the company’s stock.
Shares of CSX Corp. (NASDAQ:CSX) opened at 35.19 on Wednesday. The company has a market capitalization of $32.96 billion, a price-to-earnings ratio of 19.58 and a beta of 1.11. The company’s 50 day moving average is $32.07 and its 200 day moving average is $28.76. CSX Corp. has a one year low of $21.33 and a one year high of $35.23.
CSX Corp. (NASDAQ:CSX) last posted its quarterly earnings results on Wednesday, October 12th. The company reported $0.48 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.45 by $0.03. The company earned $2.71 billion during the quarter. CSX Corp. had a net margin of 15.93% and a return on equity of 14.79%. CSX Corp.’s quarterly revenue was down 7.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.52 EPS. Equities research analysts predict that CSX Corp. will post $1.79 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 15th. Shareholders of record on Wednesday, November 30th will be given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 2.05%. The ex-dividend date of this dividend is Monday, November 28th. CSX Corp.’s payout ratio is currently 40.00%.
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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.
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