CSX (NASDAQ:CSX) had its target price cut by Royal Bank of Canada to $75.00 in a research note released on Wednesday, The Fly reports. They currently have a sector perform rating on the transportation company’s stock.
Several other analysts also recently issued reports on CSX. Credit Suisse Group set a GBX 3,090 ($40.38) price objective on Royal Dutch Shell and gave the stock a buy rating in a report on Wednesday. Deutsche Bank upgraded CYBERAGENT INC/ADR from a hold rating to a buy rating in a report on Wednesday, June 12th. Stephens restated an overweight rating and set a $120.00 price objective on shares of TAKE-TWO INTERACTIVE SOFTWARE in a report on Wednesday. Raymond James restated a reduce rating and set a $48.00 price objective (up previously from $45.00) on shares of Hancock Whitney in a report on Wednesday. Finally, UBS Group restated a buy rating on shares of Cie Gnrl des Etblsmnts Michelin SCA in a report on Friday, April 5th. Three equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and seven have assigned a buy rating to the company’s stock. CSX has a consensus rating of Hold and an average price target of $78.13.
Shares of CSX stock opened at $70.31 on Wednesday. The company has a current ratio of 1.55, a quick ratio of 1.68 and a debt-to-equity ratio of 1.26. The business has a 50-day simple moving average of $77.20. CSX has a 52 week low of $58.47 and a 52 week high of $80.73. The company has a market capitalization of $56.12 billion, a PE ratio of 18.31, a PEG ratio of 1.22 and a beta of 1.22.
CSX (NASDAQ:CSX) last issued its quarterly earnings results on Tuesday, July 16th. The transportation company reported $1.08 EPS for the quarter, missing the consensus estimate of $1.11 by ($0.03). CSX had a return on equity of 26.96% and a net margin of 27.87%. The business had revenue of $3.06 billion during the quarter, compared to the consensus estimate of $3.14 billion. During the same quarter last year, the firm posted $1.01 earnings per share. CSX’s revenue was down 1.4% compared to the same quarter last year. Equities research analysts anticipate that CSX will post 4.15 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 13th. Stockholders of record on Friday, August 30th will be issued a $0.24 dividend. The ex-dividend date is Thursday, August 29th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.37%. CSX’s dividend payout ratio is 25.00%.
In other news, EVP Nathan D. Goldman sold 7,000 shares of the company’s stock in a transaction dated Tuesday, June 11th. The stock was sold at an average price of $79.50, for a total value of $556,500.00. Following the transaction, the executive vice president now owns 79,697 shares in the company, valued at approximately $6,335,911.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 4.83% of the stock is owned by corporate insiders.
Institutional investors and hedge funds have recently modified their holdings of the company. Lenox Wealth Management Inc. grew its stake in shares of CSX by 44.3% in the 2nd quarter. Lenox Wealth Management Inc. now owns 844 shares of the transportation company’s stock valued at $65,000 after buying an additional 259 shares in the last quarter. Robeco Institutional Asset Management B.V. grew its stake in shares of CSX by 1.8% in the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 491,866 shares of the transportation company’s stock valued at $38,056,000 after buying an additional 8,759 shares in the last quarter. Commonwealth Equity Services LLC grew its stake in shares of CSX by 2.3% in the 2nd quarter. Commonwealth Equity Services LLC now owns 262,884 shares of the transportation company’s stock valued at $20,339,000 after buying an additional 5,885 shares in the last quarter. Machina Capital S.A.S. grew its stake in shares of CSX by 2,085.9% in the 2nd quarter. Machina Capital S.A.S. now owns 27,805 shares of the transportation company’s stock valued at $2,151,000 after buying an additional 26,533 shares in the last quarter. Finally, Sonora Investment Management LLC grew its stake in shares of CSX by 5.0% in the 2nd quarter. Sonora Investment Management LLC now owns 75,083 shares of the transportation company’s stock valued at $5,809,000 after buying an additional 3,588 shares in the last quarter. Institutional investors own 75.74% of the company’s stock.
CSX Company Profile
CSX Corporation, together with its subsidiaries, provides rail-based freight transportation services. The company offers rail services, as well as transports intermodal containers and trailers. It transports chemicals, automotive, agricultural and food products, minerals, fertilizers, forest products, and metals and equipment; and coal, coke, and iron ore to electricity-generating power plants, steel manufacturers, and industrial plants.
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