FBR & Co reaffirmed their outperform rating on shares of CSX Co. (NASDAQ:CSX) in a research note published on Thursday. They currently have a $54.00 price target on the transportation company’s stock, up from their previous price target of $48.00.
Several other research analysts have also commented on CSX. Stifel Nicolaus raised their price objective on CSX from $47.00 to $50.00 and gave the company a hold rating in a research report on Thursday. Loop Capital reissued a hold rating on shares of CSX in a research report on Saturday, March 25th. Royal Bank of Canada reissued a buy rating on shares of CSX in a research report on Friday, January 6th. Barclays PLC raised their price objective on CSX from $4.00 to $55.00 and gave the company an overweight rating in a research report on Friday, March 24th. Finally, Citigroup Inc raised their price objective on CSX from $51.00 to $58.00 and gave the company a buy rating in a research report on Tuesday, March 7th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and nineteen have given a buy rating to the stock. CSX has a consensus rating of Buy and a consensus price target of $55.09.
CSX (NASDAQ:CSX) traded up 2.0270% during trading on Thursday, reaching $50.5646. The company’s stock had a trading volume of 13,684,906 shares. The company has a market capitalization of $46.85 billion, a PE ratio of 27.9517 and a beta of 1.19. CSX has a 52 week low of $24.43 and a 52 week high of $51.28. The company has a 50 day moving average price of $47.37 and a 200-day moving average price of $40.34. CSX also was the recipient of some unusual options trading on Tuesday. Stock investors acquired 9,302 put options on the company. This represents an increase of approximately 297% compared to the typical daily volume of 2,342 put options.
CSX (NASDAQ:CSX) last issued its earnings results on Wednesday, April 19th. The transportation company reported $0.51 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.43 by $0.08. CSX had a return on equity of 14.71% and a net margin of 15.48%. The firm had revenue of $2.87 billion for the quarter, compared to analysts’ expectations of $2.76 billion. During the same quarter last year, the firm earned $0.37 earnings per share. The firm’s revenue for the quarter was up 9.6% compared to the same quarter last year. Equities research analysts anticipate that CSX will post $2.07 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, June 15th. Shareholders of record on Wednesday, May 31st will be paid a $0.20 dividend. This is an increase from CSX’s previous quarterly dividend of $0.18. This represents a $0.80 dividend on an annualized basis and a yield of 1.61%. The ex-dividend date is Friday, May 26th. CSX’s payout ratio is presently 39.78%.
Institutional investors have recently modified their holdings of the stock. Parallel Advisors LLC acquired a new position in shares of CSX during the fourth quarter valued at about $114,000. Brick & Kyle Associates increased its position in shares of CSX by 12.5% in the third quarter. Brick & Kyle Associates now owns 4,500 shares of the transportation company’s stock valued at $137,000 after buying an additional 500 shares in the last quarter. Hefty Wealth Partners acquired a new position in shares of CSX during the first quarter valued at about $146,000. Pinnacle Bank acquired a new position in shares of CSX during the first quarter valued at about $156,000. Finally, Peoples Financial Services CORP. increased its position in shares of CSX by 72.3% in the first quarter. Peoples Financial Services CORP. now owns 3,575 shares of the transportation company’s stock valued at $166,000 after buying an additional 1,500 shares in the last quarter. Institutional investors own 69.47% of the company’s stock.
CSX Corporation is a transportation company. The Company provides rail-based freight transportation services, including traditional rail service and transport of intermodal containers and trailers, as well as other transportation services, such as rail-to-truck transfers and bulk commodity operations.
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