Other equities analysts have also issued reports about the stock. Cowen and Company restated a hold rating on shares of CSX Corp. in a research report on Sunday, July 17th. Oppenheimer Holdings Inc. restated a hold rating on shares of CSX Corp. in a research report on Sunday, July 17th. Stifel Nicolaus lowered shares of CSX Corp. from a buy rating to a hold rating in a research report on Thursday, July 14th. They noted that the move was a valuation call. JPMorgan Chase & Co. reaffirmed a buy rating on shares of CSX Corp. in a research note on Friday, July 15th. Finally, BB&T Corp. downgraded shares of CSX Corp. from a buy rating to a hold rating in a research note on Friday, July 15th. Three equities research analysts have rated the stock with a sell rating, ten have given a hold rating and fifteen have assigned a buy rating to the stock. The company currently has a consensus rating of Hold and an average price target of $29.96.
Shares of CSX Corp. (NASDAQ:CSX) opened at 31.02 on Friday. The stock has a 50 day moving average of $29.65 and a 200-day moving average of $27.56. The company has a market capitalization of $29.34 billion, a price-to-earnings ratio of 16.93 and a beta of 1.23. CSX Corp. has a 1-year low of $21.33 and a 1-year high of $31.73.
CSX Corp. (NASDAQ:CSX) last released its quarterly earnings data on Wednesday, October 12th. The company reported $0.48 EPS for the quarter, beating analysts’ consensus estimates of $0.45 by $0.03. CSX Corp. had a net margin of 15.93% and a return on equity of 14.79%. The company earned $2.71 billion during the quarter. During the same quarter last year, the business posted $0.52 earnings per share. CSX Corp.’s revenue was down 7.8% compared to the same quarter last year. Analysts forecast that CSX Corp. will post $1.75 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, December 15th. Stockholders of record on Wednesday, November 30th will be given a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 2.32%. The ex-dividend date is Monday, November 28th. CSX Corp.’s dividend payout ratio is presently 40.00%.
In other CSX Corp. news, President Clarence W. Gooden sold 17,332 shares of the business’s stock in a transaction dated Monday, September 26th. The stock was sold at an average price of $29.44, for a total value of $510,254.08. Following the completion of the transaction, the president now owns 127,954 shares of the company’s stock, valued at approximately $3,766,965.76. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, President Clarence W. Gooden sold 16,129 shares of the business’s stock in a transaction dated Thursday, October 6th. The stock was sold at an average price of $31.00, for a total value of $499,999.00. Following the completion of the transaction, the president now directly owns 127,954 shares of the company’s stock, valued at approximately $3,966,574. The disclosure for this sale can be found here. 0.36% of the stock is owned by insiders.
A number of institutional investors have recently modified their holdings of CSX. Washington Trust Bank raised its position in shares of CSX Corp. by 7.7% in the third quarter. Washington Trust Bank now owns 3,644 shares of the company’s stock worth $111,000 after buying an additional 259 shares during the period. Brick & Kyle Associates raised its position in shares of CSX Corp. by 8.1% in the second quarter. Brick & Kyle Associates now owns 4,000 shares of the company’s stock worth $104,000 after buying an additional 300 shares during the period. Community Bank N.A. raised its position in shares of CSX Corp. by 19.9% in the third quarter. Community Bank N.A. now owns 4,300 shares of the company’s stock worth $132,000 after buying an additional 715 shares during the period. Advisors Asset Management Inc. acquired a new position in shares of CSX Corp. during the second quarter worth $117,000. Finally, WFG Advisors LP raised its position in shares of CSX Corp. by 17.1% in the second quarter. WFG Advisors LP now owns 6,537 shares of the company’s stock worth $170,000 after buying an additional 956 shares during the period. 68.64% of the stock is owned by institutional investors and hedge funds.
CSX Corp. Company Profile
CSX Corporation, together with its subsidiaries, is a transportation company. The Company provides rail-based transportation services, including rail service and the transport of intermodal containers and trailers. The Company serves three lines of business, such as merchandise business, coal business and intermodal business.
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