1 week Ago By Defense World Staff
CSX (NASDAQ:CSX – Free Report) had its price objective reduced by Citigroup from $39.00 to $36.00 in a report issued on Tuesday morning,Benzinga reports.
They currently have a buy rating on the transportation company’s stock.CSX has been the subject of a number of other reports. Jefferies Financial Group raised CSX from a “hold” rating to a “buy” rating and set a $37.
00 price target for the company in a report on Friday, January 10th. Susquehanna reduced their target price on shares of CSX from $39.00 to $37.
00 and set a “positive” rating on the stock in a report on Thursday, March 27th. Deutsche Bank Aktiengesellschaft began coverage on shares of CSX in a report on Friday, March 7th. They set a “hold” rating and a $34.
00 price target for the company. Raymond James reissued an “outperform” rating and set a $37.00 price objective (down previously from $38.
00) on shares of CSX in a research note on Friday, January 24th. Finally, Robert W. Baird lowered their target price on shares of CSX from $39.
00 to $38.00 and set an “outperform” rating for the company in a research note on Friday, January 24th. Seven research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock.
Based on data from MarketBeat, CSX presently has an average rating of “Moderate Buy” and a consensus price target of $35.85.Read Our Latest Stock Report on CSXCSX Price PerformanceShares of NASDAQ CSX opened at $27.
82 on Tuesday. The company has a current ratio of 0.86, a quick ratio of 1.
23 and a debt-to-equity ratio of 1.43. The stock has a market cap of $52.
43 billion, a price-to-earnings ratio of 15.54, a PEG ratio of 1.92 and a beta of 1.
23. The company’s 50-day moving average price is $30.68 and its 200 day moving average price is $32.
76. CSX has a 52 week low of $26.22 and a 52 week high of $37.
10. CSX (NASDAQ:CSX – Get Free Report) last issued its quarterly earnings data on Thursday, January 23rd. The transportation company reported $0.
42 earnings per share for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.02).
CSX had a return on equity of 28.15% and a net margin of 23.95%.
As a group, research analysts forecast that CSX will post 1.83 earnings per share for the current fiscal year. CSX Increases DividendThe business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th.
Shareholders of record on Friday, February 28th were given a $0.13 dividend. The ex-dividend date of this dividend was Friday, February 28th.
This is a positive change from CSX’s previous quarterly dividend of $0.12. This represents a $0.
52 annualized dividend and a yield of 1.87%. CSX’s dividend payout ratio (DPR) is 29.
05%. Institutional Investors Weigh In On CSXSeveral hedge funds have recently modified their holdings of the stock. Marshall & Sterling Wealth Advisors Inc.
acquired a new position in CSX in the 4th quarter worth $27,000. Accredited Wealth Management LLC acquired a new position in shares of CSX in the fourth quarter worth about $29,000. Fourth Dimension Wealth LLC acquired a new position in shares of CSX in the fourth quarter worth about $29,000.
SBI Securities Co. Ltd. purchased a new position in CSX in the fourth quarter valued at about $31,000.
Finally, Sierra Ocean LLC acquired a new stake in CSX during the 4th quarter valued at approximately $33,000. 73.57% of the stock is currently owned by hedge funds and other institutional investors.
About CSX (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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