CSX Corp. (CSX) Research Coverage Started at Vertical Research
Vertical Research started coverage on shares of CSX Corp. (NASDAQ:CSX) in a report issued on Tuesday, The Fly reports. The brokerage issued a hold rating on the stock.
Several other analysts have also weighed in on CSX. Oppenheimer Holdings Inc. started coverage on CSX Corp. in a research note on Wednesday, June 15th. They issued a market perform rating on the stock. Citigroup Inc. reiterated a buy rating and issued a $29.00 target price on shares of CSX Corp. in a research report on Saturday, June 18th. BMO Capital Markets reiterated an outperform rating and issued a $29.00 target price on shares of CSX Corp. in a research report on Thursday, July 7th. Stifel Nicolaus downgraded 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. Finally, Cowen and Company increased their target price on CSX Corp. from $27.00 to $30.00 and gave the company a market perform rating in a research report on Friday, July 15th. Three analysts have rated the stock with a sell rating, eleven have issued a hold rating and fourteen have given a buy rating to the company’s stock. CSX Corp. currently has an average rating of Hold and a consensus target price of $29.67.
CSX Corp. (NASDAQ:CSX) opened at 31.15 on Tuesday. CSX Corp. has a 12 month low of $21.33 and a 12 month high of $31.31. The company’s 50-day moving average is $29.41 and its 200 day moving average is $27.43. The firm has a market cap of $29.47 billion, a price-to-earnings ratio of 17.00 and a beta of 1.23.
CSX Corp. (NASDAQ:CSX) last released its quarterly earnings data on Wednesday, October 12th. The company reported $0.48 earnings per share for the quarter, beating the consensus estimate of $0.45 by $0.03. The business had revenue of $2.71 billion for the quarter. CSX Corp. had a return on equity of 14.80% and a net margin of 15.93%. The business’s quarterly revenue was down 7.8% compared to the same quarter last year. During the same period last year, the business earned $0.52 earnings per share. On average, equities research analysts predict that CSX Corp. will post $1.75 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 15th. Investors of record on Wednesday, November 30th will be given a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 2.31%. The ex-dividend date is Monday, November 28th. CSX Corp.’s payout ratio is 40.00%.
In other news, President Clarence W. Gooden sold 16,129 shares of the company’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 in the company, valued at approximately $3,966,574. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, President Clarence W. Gooden sold 17,332 shares of the company’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 $3,766,965.76. The disclosure for this sale can be found here. Corporate insiders own 0.36% of the company’s stock.
Several institutional investors have recently bought and sold shares of the company. Janus Capital Management LLC boosted its position in CSX Corp. by 2,956.3% in the second quarter. Janus Capital Management LLC now owns 8,445,436 shares of the company’s stock worth $220,257,000 after buying an additional 8,169,105 shares during the last quarter. Wellington Management Group LLP boosted its position in CSX Corp. by 20.1% in the first quarter. Wellington Management Group LLP now owns 37,879,182 shares of the company’s stock worth $975,389,000 after buying an additional 6,331,519 shares during the last quarter. OMERS ADMINISTRATION Corp purchased a new position in CSX Corp. during the second quarter worth about $132,518,000. Lazard Asset Management LLC boosted its position in CSX Corp. by 16.2% in the first quarter. Lazard Asset Management LLC now owns 28,572,157 shares of the company’s stock worth $735,731,000 after buying an additional 3,977,973 shares during the last quarter. Finally, Pictet Asset Management Ltd. boosted its position in CSX Corp. by 664.9% in the first quarter. Pictet Asset Management Ltd. now owns 3,915,310 shares of the company’s stock worth $94,516,000 after buying an additional 3,403,446 shares during the last quarter. Hedge funds and other institutional investors own 68.55% of the company’s stock.
About CSX Corp.
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.
Receive News & Ratings for CSX Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CSX Corp. and related companies with MarketBeat.com's FREE daily email newsletter.