CSX (NASDAQ:CSX) Price Target Raised to $36.00

CSX (NASDAQ:CSXFree Report) had its price objective raised by Sanford C. Bernstein from $35.00 to $36.00 in a research report sent to investors on Monday morning, Benzinga reports. They currently have a market perform rating on the transportation company’s stock.

Several other research analysts have also recently issued reports on the stock. UBS Group decreased their target price on shares of CSX from $46.00 to $44.00 and set a buy rating for the company in a report on Thursday, April 18th. Wells Fargo & Company began coverage on shares of CSX in a report on Friday, June 7th. They set an equal weight rating and a $35.00 price objective for the company. Royal Bank of Canada decreased their price objective on shares of CSX from $37.00 to $36.00 and set a sector perform rating for the company in a report on Thursday, April 18th. Benchmark reissued a buy rating and set a $40.00 price objective on shares of CSX in a report on Thursday, April 18th. Finally, Bank of America cut shares of CSX from a buy rating to a neutral rating and set a $37.00 price objective for the company. in a report on Monday. Eight analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat, CSX has a consensus rating of Moderate Buy and an average price target of $37.39.

Check Out Our Latest Stock Analysis on CSX

CSX Stock Up 1.4 %

Shares of CSX stock opened at $32.92 on Monday. The company has a debt-to-equity ratio of 1.42, a quick ratio of 1.00 and a current ratio of 1.15. The stock has a market capitalization of $64.36 billion, a PE ratio of 18.09, a price-to-earnings-growth ratio of 1.73 and a beta of 1.20. CSX has a 52-week low of $29.03 and a 52-week high of $40.12. The company has a 50-day simple moving average of $33.37 and a two-hundred day simple moving average of $35.08.

CSX (NASDAQ:CSXGet Free Report) last issued its earnings results on Wednesday, April 17th. The transportation company reported $0.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.01. The business had revenue of $3.68 billion during the quarter, compared to analysts’ expectations of $3.66 billion. CSX had a net margin of 24.75% and a return on equity of 29.58%. The business’s revenue for the quarter was down .8% compared to the same quarter last year. During the same period in the previous year, the company earned $0.48 earnings per share. On average, analysts anticipate that CSX will post 1.95 EPS for the current fiscal year.

CSX Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, June 14th. Shareholders of record on Friday, May 31st were given a $0.12 dividend. The ex-dividend date was Friday, May 31st. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.46%. CSX’s payout ratio is currently 26.37%.

Hedge Funds Weigh In On CSX

Hedge funds have recently modified their holdings of the company. International Assets Investment Management LLC boosted its position in shares of CSX by 3,241.9% during the fourth quarter. International Assets Investment Management LLC now owns 235,304 shares of the transportation company’s stock worth $8,158,000 after acquiring an additional 228,263 shares during the last quarter. Partners Group Holding AG boosted its position in shares of CSX by 26.8% during the fourth quarter. Partners Group Holding AG now owns 704,544 shares of the transportation company’s stock worth $24,427,000 after acquiring an additional 149,105 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of CSX by 5.0% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 723,344 shares of the transportation company’s stock worth $25,078,000 after acquiring an additional 34,730 shares during the last quarter. Sapient Capital LLC bought a new position in shares of CSX during the fourth quarter worth $1,279,000. Finally, EP Wealth Advisors LLC boosted its position in shares of CSX by 414.8% during the third quarter. EP Wealth Advisors LLC now owns 51,534 shares of the transportation company’s stock worth $1,585,000 after acquiring an additional 41,524 shares during the last quarter. 73.57% of the stock is currently owned by institutional investors.

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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Analyst Recommendations for CSX (NASDAQ:CSX)

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