BidaskClub upgraded shares of CSX (NASDAQ:CSX) from a hold rating to a buy rating in a report issued on Friday morning.
CSX has been the topic of a number of other reports. Bank of America boosted their price objective on shares of CSX from $77.00 to $82.00 and gave the company a buy rating in a report on Monday, October 1st. Citigroup boosted their price objective on shares of CSX from $75.00 to $85.00 and gave the company a buy rating in a report on Monday, October 1st. BMO Capital Markets lowered shares of CSX from an outperform rating to a market perform rating and set a $65.00 price objective on the stock. in a report on Wednesday, September 5th. They noted that the move was a valuation call. Stephens reissued a buy rating and set a $85.00 price objective on shares of CSX in a report on Tuesday, October 9th. Finally, Morgan Stanley boosted their price objective on shares of CSX from $52.00 to $55.00 and gave the company a sell rating in a report on Tuesday, October 9th. One analyst has rated the stock with a sell rating, five have given a hold rating and fifteen have assigned a buy rating to the stock. The company has an average rating of Buy and a consensus target price of $77.60.
NASDAQ CSX traded up $0.54 on Friday, hitting $69.72. The stock had a trading volume of 168,523 shares, compared to its average volume of 7,838,965. The company has a current ratio of 1.43, a quick ratio of 1.29 and a debt-to-equity ratio of 1.00. CSX has a 52-week low of $48.26 and a 52-week high of $76.24. The firm has a market capitalization of $58.42 billion, a P/E ratio of 30.32, a P/E/G ratio of 1.37 and a beta of 1.27.
CSX (NASDAQ:CSX) last released its quarterly earnings results on Tuesday, October 16th. The transportation company reported $1.05 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.94 by $0.11. CSX had a net margin of 55.19% and a return on equity of 21.38%. The business had revenue of $3.13 billion for the quarter, compared to analyst estimates of $3.05 billion. During the same period in the previous year, the company earned $0.51 earnings per share. The business’s revenue for the quarter was up 14.1% on a year-over-year basis. As a group, sell-side analysts predict that CSX will post 3.8 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 14th. Shareholders of record on Friday, November 30th will be issued a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 1.26%. The ex-dividend date is Thursday, November 29th. CSX’s payout ratio is 38.26%.
Large investors have recently bought and sold shares of the business. Zions Bancorporation purchased a new stake in CSX in the third quarter valued at $105,000. Acropolis Investment Management LLC acquired a new position in shares of CSX in the third quarter worth about $107,000. LeJeune Puetz Investment Counsel LLC acquired a new position in shares of CSX in the third quarter worth about $112,000. Psagot Investment House Ltd. acquired a new position in shares of CSX in the third quarter worth about $128,000. Finally, Harvest Fund Management Co. Ltd acquired a new position in shares of CSX in the third quarter worth about $138,000. 76.20% of the stock is currently owned by institutional investors.
CSX Company Profile
CSX Corporation, together with its subsidiaries, provides rail-based transportation services in the United States and Canada. The company offers rail services, as well as transports intermodal containers and trailers. It transports agricultural and food products, fertilizers, chemicals, automotive, metals and equipment, minerals, and forest products; and coal, coke, and iron ore to electricity-generating power plants, steel manufacturers, and industrial plants.
Featured Story: Preferred Stock
Receive News & Ratings for CSX Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CSX and related companies with MarketBeat.com's FREE daily email newsletter.