CSX Co. (NASDAQ:CSX) Short Interest Update

CSX Co. (NASDAQ:CSXGet Free Report) saw a large increase in short interest in the month of March. As of March 15th, there was short interest totalling 23,390,000 shares, an increase of 6.6% from the February 29th total of 21,950,000 shares. Based on an average daily volume of 11,350,000 shares, the short-interest ratio is presently 2.1 days.

Analysts Set New Price Targets

CSX has been the topic of a number of analyst reports. JPMorgan Chase & Co. cut their price target on shares of CSX from $40.00 to $39.00 and set an “overweight” rating on the stock in a research report on Thursday, December 21st. BMO Capital Markets increased their price target on shares of CSX from $37.00 to $38.00 and gave the company an “outperform” rating in a research report on Thursday, January 25th. StockNews.com downgraded shares of CSX from a “buy” rating to a “hold” rating in a research report on Wednesday, January 31st. Susquehanna increased their price target on shares of CSX from $42.00 to $44.00 and gave the company a “positive” rating in a research report on Thursday, March 28th. Finally, Stifel Nicolaus cut their price target on shares of CSX from $38.00 to $37.00 and set a “buy” rating on the stock in a research report on Thursday, January 25th. Four investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $36.88.

Check Out Our Latest Stock Analysis on CSX

Hedge Funds Weigh In On CSX

Several hedge funds have recently made changes to their positions in CSX. West Tower Group LLC bought a new position in shares of CSX in the fourth quarter valued at $26,000. Fortitude Family Office LLC bought a new position in shares of CSX in the fourth quarter valued at $27,000. Life Planning Partners Inc bought a new position in shares of CSX in the fourth quarter valued at $27,000. Fortis Capital Advisors LLC bought a new position in shares of CSX in the fourth quarter valued at $27,000. Finally, Burkett Financial Services LLC acquired a new stake in CSX during the 4th quarter valued at $34,000. 73.57% of the stock is owned by institutional investors.

CSX Price Performance

Shares of CSX opened at $36.42 on Thursday. The stock has a market capitalization of $71.30 billion, a P/E ratio of 19.79, a P/E/G ratio of 2.13 and a beta of 1.18. CSX has a twelve month low of $29.03 and a twelve month high of $40.12. The company has a 50 day moving average of $37.11 and a 200-day moving average of $34.00. The company has a quick ratio of 0.91, a current ratio of 1.05 and a debt-to-equity ratio of 1.48.

CSX (NASDAQ:CSXGet Free Report) last issued its quarterly earnings results on Tuesday, January 23rd. The transportation company reported $0.45 earnings per share for the quarter, topping the consensus estimate of $0.44 by $0.01. The company had revenue of $3.68 billion during the quarter, compared to analysts’ expectations of $3.63 billion. CSX had a net margin of 25.35% and a return on equity of 30.52%. The business’s quarterly revenue was down 1.3% on a year-over-year basis. During the same period last year, the business earned $0.49 EPS. As a group, equities research analysts forecast that CSX will post 1.96 EPS for the current fiscal year.

CSX Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Thursday, February 29th were paid a dividend of $0.12 per share. This is a boost from CSX’s previous quarterly dividend of $0.11. This represents a $0.48 annualized dividend and a dividend yield of 1.32%. The ex-dividend date was Wednesday, February 28th. CSX’s dividend payout ratio (DPR) is currently 26.09%.

CSX Company Profile

(Get Free Report)

CSX Corporation, together with its subsidiaries, provides rail-based freight transportation services. The company offers rail services; and transportation of intermodal containers and trailers, as well as other transportation services, such as rail-to-truck transfers and bulk commodity operations. It also transports chemicals, agricultural and food products, minerals, automotive, forest products, fertilizers, and metals and equipment; and coal, coke, and iron ore to electricity-generating power plants, steel manufacturers, and industrial plants, as well as exports coal to deep-water port facilities.

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