CSX has been the topic of several other research reports. ValuEngine upgraded CSX from a hold rating to a buy rating in a report on Monday, July 2nd. Morgan Stanley increased their target price on CSX from $52.00 to $55.00 and gave the stock a sell rating in a report on Tuesday. Royal Bank of Canada increased their target price on CSX from $71.00 to $75.00 and gave the stock an outperform rating in a report on Wednesday, July 18th. Bank of America increased their target price on CSX from $77.00 to $82.00 and gave the stock a buy rating in a report on Monday, October 1st. Finally, Citigroup increased their target price on CSX from $67.00 to $75.00 and gave the stock a buy rating in a report on Monday, June 25th. One analyst has rated the stock with a sell rating, four have given a hold rating and fifteen have given a buy rating to the stock. The stock presently has an average rating of Buy and a consensus price target of $72.43.
CSX stock opened at $70.20 on Tuesday. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.66 and a quick ratio of 1.48. CSX has a 52-week low of $48.26 and a 52-week high of $76.24. The firm has a market cap of $63.59 billion, a price-to-earnings ratio of 30.51, a P/E/G ratio of 1.54 and a beta of 1.24.
CSX (NASDAQ:CSX) last announced its earnings results on Tuesday, July 17th. The transportation company reported $1.01 EPS for the quarter, topping the consensus estimate of $0.86 by $0.15. The company had revenue of $3.10 billion for the quarter, compared to analysts’ expectations of $3 billion. CSX had a return on equity of 19.31% and a net margin of 53.27%. The business’s revenue for the quarter was up 5.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.64 earnings per share. Equities analysts anticipate that CSX will post 3.61 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 14th. Investors of record on Friday, November 30th will be issued a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 1.25%. The ex-dividend date of this dividend is Thursday, November 29th. CSX’s dividend payout ratio is 38.26%.
A number of institutional investors have recently bought and sold shares of CSX. Acropolis Investment Management LLC acquired a new position in CSX in the third quarter valued at about $107,000. IMS Capital Management acquired a new position in CSX in the second quarter valued at about $124,000. Strategic Wealth Partners Ltd. acquired a new position in CSX in the second quarter valued at about $128,000. Kaizen Advisory LLC lifted its stake in CSX by 150.5% in the second quarter. Kaizen Advisory LLC now owns 2,164 shares of the transportation company’s stock valued at $138,000 after buying an additional 1,300 shares during the period. Finally, Sun Life Financial INC lifted its stake in CSX by 950.0% in the second quarter. Sun Life Financial INC now owns 2,373 shares of the transportation company’s stock valued at $151,000 after buying an additional 2,147 shares during the period. Institutional investors and hedge funds own 74.62% of the company’s stock.
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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