CSX (NASDAQ:CSX) had its price target boosted by Royal Bank of Canada from $59.00 to $67.00 in a research report released on Tuesday, January 9th, The Fly reports. Royal Bank of Canada currently has an outperform rating on the transportation company’s stock. The analysts noted that the move was a valuation call.
Other equities analysts also recently issued reports about the company. UBS Group set a $68.00 price target on CSX and gave the stock a buy rating in a research note on Monday, October 16th. Aegis restated a buy rating and issued a $64.00 price target on shares of CSX in a research note on Tuesday, October 10th. Barclays restated a buy rating and issued a $68.00 price target on shares of CSX in a research note on Wednesday, December 13th. Scotiabank set a $55.00 price target on CSX and gave the stock a buy rating in a research note on Friday, December 15th. Finally, Robert W. Baird reaffirmed a buy rating and issued a $59.00 target price on shares of CSX in a report on Tuesday, January 9th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and seventeen have given a buy rating to the company’s stock. The stock has an average rating of Buy and an average target price of $60.38.
CSX (CSX) traded down $0.09 during mid-day trading on Tuesday, reaching $56.77. The company had a trading volume of 6,186,781 shares, compared to its average volume of 9,040,000. CSX has a one year low of $45.41 and a one year high of $60.04. The company has a current ratio of 1.01, a quick ratio of 0.86 and a debt-to-equity ratio of 0.80. The company has a market cap of $50,740.00, a price-to-earnings ratio of 9.35, a PEG ratio of 1.40 and a beta of 1.35.
CSX (NASDAQ:CSX) last issued its earnings results on Tuesday, January 16th. The transportation company reported $0.64 EPS for the quarter, beating the consensus estimate of $0.56 by $0.08. CSX had a return on equity of 17.16% and a net margin of 47.96%. The business had revenue of $2.86 billion for the quarter, compared to the consensus estimate of $2.89 billion. During the same period last year, the business posted $0.49 EPS. The company’s revenue was down 5.7% compared to the same quarter last year. equities research analysts predict that CSX will post 3.07 earnings per share for the current year.
CSX announced that its Board of Directors has initiated a stock buyback program on Wednesday, October 25th that permits the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization permits the transportation company to repurchase shares of its stock through open market purchases. Shares repurchase programs are typically a sign that the company’s management believes its stock is undervalued.
In other news, Director Gary Keith Anderson bought 5,000 shares of CSX stock in a transaction dated Friday, November 24th. The shares were purchased at an average cost of $2,300.00 per share, with a total value of $11,500,000.00. Insiders own 4.79% of the company’s stock.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Cbre Clarion Securities LLC grew its position in CSX by 1.7% in the second quarter. Cbre Clarion Securities LLC now owns 23,500 shares of the transportation company’s stock worth $1,282,000 after acquiring an additional 400 shares in the last quarter. Advisory Services Network LLC grew its position in CSX by 2.6% in the second quarter. Advisory Services Network LLC now owns 21,741 shares of the transportation company’s stock worth $1,186,000 after acquiring an additional 557 shares in the last quarter. New England Research & Management Inc. grew its position in CSX by 3.5% in the fourth quarter. New England Research & Management Inc. now owns 25,323 shares of the transportation company’s stock worth $1,393,000 after acquiring an additional 850 shares in the last quarter. Savant Capital LLC grew its position in CSX by 6.9% in the fourth quarter. Savant Capital LLC now owns 14,744 shares of the transportation company’s stock worth $811,000 after acquiring an additional 947 shares in the last quarter. Finally, Weatherly Asset Management L. P. grew its position in CSX by 5.9% in the fourth quarter. Weatherly Asset Management L. P. now owns 17,220 shares of the transportation company’s stock worth $947,000 after acquiring an additional 953 shares in the last quarter. Institutional investors own 70.07% of the company’s stock.
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CSX Company Profile
CSX Corporation is a transportation company. The Company provides rail-based freight transportation services, including traditional rail service and transport of intermodal containers and trailers, as well as other transportation services, such as rail-to-truck transfers and bulk commodity operations.
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