Analysts’ Recent Ratings Updates for CSX (CSX)

CSX (NASDAQ: CSX) recently received a number of ratings updates from brokerages and research firms:

  • 11/2/2018 – CSX was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 10/22/2018 – CSX was given a new $55.00 price target on by analysts at Morgan Stanley. They now have a “sell” rating on the stock.
  • 10/22/2018 – CSX had its “buy” rating reaffirmed by analysts at Stephens. They now have a $86.00 price target on the stock.
  • 10/19/2018 – CSX was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 10/18/2018 – CSX had its price target raised by analysts at Argus to $84.00. They now have a “buy” rating on the stock.
  • 10/17/2018 – CSX had its price target raised by analysts at Credit Suisse Group AG from $85.00 to $86.00. They now have an “outperform” rating on the stock.
  • 10/17/2018 – CSX had its “outperform” rating reaffirmed by analysts at Royal Bank of Canada.
  • 10/17/2018 – CSX had its price target raised by analysts at BMO Capital Markets from $77.00 to $80.00. They now have a “market perform” rating on the stock.
  • 10/17/2018 – CSX had its price target raised by analysts at Cowen Inc from $74.00 to $77.00. They now have a “market perform” rating on the stock.
  • 10/17/2018 – CSX had its price target raised by analysts at TD Securities from $76.00 to $80.00. They now have a “hold” rating on the stock.
  • 10/17/2018 – CSX was given a new $81.00 price target on by analysts at Scotiabank. They now have a “hold” rating on the stock.
  • 10/17/2018 – CSX was given a new $85.00 price target on by analysts at Stifel Nicolaus. They now have a “buy” rating on the stock.
  • 10/17/2018 – CSX was given a new $85.00 price target on by analysts at Loop Capital. They now have a “buy” rating on the stock.
  • 10/9/2018 – CSX had its price target raised by analysts at Morgan Stanley from $52.00 to $55.00. They now have a “sell” rating on the stock.
  • 10/9/2018 – CSX had its “buy” rating reaffirmed by analysts at Stephens. They now have a $85.00 price target on the stock.
  • 10/6/2018 – CSX was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 10/1/2018 – CSX had its price target raised by analysts at Bank of America Corp from $77.00 to $82.00. They now have a “buy” rating on the stock.
  • 10/1/2018 – CSX had its price target raised by analysts at Citigroup Inc from $75.00 to $85.00. They now have a “buy” rating on the stock.
  • 9/27/2018 – CSX had its price target raised by analysts at Deutsche Bank AG from $83.00 to $84.00. They now have a “buy” rating on the stock.

NASDAQ:CSX opened at $70.37 on Wednesday. CSX Co. has a 12 month low of $48.26 and a 12 month high of $76.24. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.43 and a quick ratio of 1.29. The stock has a market capitalization of $58.42 billion, a PE ratio of 30.60, a P/E/G ratio of 1.37 and a beta of 1.27.

CSX (NASDAQ:CSX) last posted its earnings results on Tuesday, October 16th. The transportation company reported $1.05 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 firm had revenue of $3.13 billion during the quarter, compared to analysts’ expectations of $3.05 billion. During the same period last year, the company posted $0.51 EPS. The company’s quarterly revenue was up 14.1% compared to the same quarter last year. As a group, research analysts forecast that CSX Co. will post 3.8 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 14th. Stockholders of record on Friday, November 30th will be given a $0.22 dividend. The ex-dividend date is Thursday, November 29th. This represents a $0.88 annualized dividend and a dividend yield of 1.25%. CSX’s dividend payout ratio is 38.26%.

Several large investors have recently bought and sold shares of CSX. Zions Bancorporation purchased a new position in CSX during the 3rd quarter valued at about $105,000. Acropolis Investment Management LLC purchased a new position in CSX during the 3rd quarter valued at about $107,000. LeJeune Puetz Investment Counsel LLC purchased a new position in CSX during the 3rd quarter valued at about $112,000. IMS Capital Management purchased a new position in CSX during the 2nd quarter valued at about $124,000. Finally, Strategic Wealth Partners Ltd. purchased a new position in CSX during the 2nd quarter valued at about $128,000. 76.20% of the stock is owned by hedge funds and other institutional investors.

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.

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