CSX (NASDAQ:CSX) PT Lowered to $42.00

CSX (NASDAQ:CSX) had its target price reduced by Loop Capital from $43.00 to $42.00 in a research note issued to investors on Thursday morning, Benzinga reports. They currently have a buy rating on the transportation company’s stock.

CSX has been the topic of several other reports. BMO Capital Markets reduced their target price on CSX from $40.00 to $39.00 and set an “outperform” rating on the stock in a report on Thursday. Barclays cut their price target on CSX from $41.00 to $40.00 and set an “overweight” rating on the stock in a report on Wednesday, September 25th. Susquehanna boosted their price target on CSX from $41.00 to $42.00 and gave the company a “positive” rating in a report on Wednesday, October 2nd. Citigroup assumed coverage on CSX in a report on Wednesday, October 9th. They issued a “buy” rating and a $42.00 price target on the stock. Finally, Stephens reaffirmed an “overweight” rating and issued a $42.00 target price on shares of CSX in a research report on Tuesday, August 6th. Seven investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $38.61.

CSX Stock Performance

CSX stock opened at $34.12 on Thursday. The business’s 50-day moving average price is $34.02 and its two-hundred day moving average price is $33.93. The company has a current ratio of 1.16, a quick ratio of 1.01 and a debt-to-equity ratio of 1.42. The firm has a market cap of $66.70 billion, a PE ratio of 18.75, a P/E/G ratio of 1.90 and a beta of 1.19. CSX has a 1-year low of $29.03 and a 1-year high of $40.12.

CSX (NASDAQ:CSX) last posted its earnings results on Wednesday, October 16th. The transportation company reported $0.46 earnings per share for the quarter, missing the consensus estimate of $0.48 by ($0.02). The business had revenue of $3.62 billion for the quarter, compared to the consensus estimate of $3.68 billion. CSX had a return on equity of 29.11% and a net margin of 24.52%. The business’s revenue was up 1.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.42 earnings per share. As a group, research analysts forecast that CSX will post 1.93 earnings per share for the current year.

CSX Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.41%. The ex-dividend date is Friday, November 29th. CSX’s dividend payout ratio is presently 26.37%.

Institutional Investors Weigh In On CSX

Institutional investors have recently made changes to their positions in the company. Banque Cantonale Vaudoise grew its stake in CSX by 149.1% during the second quarter. Banque Cantonale Vaudoise now owns 17,208 shares of the transportation company’s stock worth $575,000 after buying an additional 10,301 shares in the last quarter. Ascent Group LLC boosted its position in shares of CSX by 559.7% during the 1st quarter. Ascent Group LLC now owns 58,779 shares of the transportation company’s stock worth $2,179,000 after acquiring an additional 49,869 shares in the last quarter. PFG Advisors increased its stake in CSX by 2.1% in the first quarter. PFG Advisors now owns 18,880 shares of the transportation company’s stock valued at $700,000 after acquiring an additional 387 shares during the last quarter. Sei Investments Co. raised its position in CSX by 4.2% during the first quarter. Sei Investments Co. now owns 597,426 shares of the transportation company’s stock valued at $22,146,000 after purchasing an additional 23,938 shares in the last quarter. Finally, William B. Walkup & Associates Inc. bought a new stake in CSX during the second quarter worth $867,000. Institutional investors own 73.57% of the company’s stock.

About CSX

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.