CSX (NASDAQ:CSX) had its price target increased by BMO Capital Markets from $77.00 to $80.00 in a report published on Wednesday. The firm currently has a market perform rating on the transportation company’s stock.

CSX has been the subject of a number of other reports. Deutsche Bank increased their price target on CSX from $83.00 to $84.00 and gave the company a buy rating in a research note on Thursday, September 27th. BidaskClub upgraded CSX from a hold rating to a buy rating in a research note on Wednesday, July 4th. Zacks Investment Research upgraded CSX from a hold rating to a buy rating and set a $74.00 price target for the company in a research note on Tuesday, June 19th. Citigroup increased their price target on CSX from $75.00 to $85.00 and gave the company a buy rating in a research note on Monday, October 1st. Finally, Bank of America increased their price objective on CSX from $77.00 to $82.00 and gave the company a buy rating in a report on Monday, October 1st. One analyst has rated the stock with a sell rating, six have issued a hold rating and fourteen have issued a buy rating to the company. CSX has an average rating of Buy and an average target price of $77.55.

Shares of CSX traded down $0.71 during trading hours on Wednesday, reaching $67.94. The stock had a trading volume of 9,907,535 shares, compared to its average volume of 6,744,305. CSX has a 12 month low of $48.26 and a 12 month high of $76.24. The stock has a market capitalization of $57.97 billion, a price-to-earnings ratio of 29.54, a PEG ratio of 1.36 and a beta of 1.24. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.48 and a current ratio of 1.43.

CSX (NASDAQ:CSX) last announced its quarterly earnings results on Tuesday, October 16th. The transportation company reported $1.05 EPS for the quarter, beating the Zacks’ consensus estimate of $0.94 by $0.11. CSX had a return on equity of 21.38% and a net margin of 55.19%. The company had revenue of $3.13 billion during the quarter, compared to analysts’ expectations of $3.05 billion. During the same period in the prior year, the company earned $0.51 EPS. CSX’s revenue was up 14.1% compared to the same quarter last year. As a group, equities analysts forecast that CSX will post 3.79 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 14th. Shareholders of record on Friday, November 30th will be issued a dividend of $0.22 per share. The ex-dividend date of this dividend is Thursday, November 29th. This represents a $0.88 dividend on an annualized basis and a yield of 1.30%. CSX’s payout ratio is currently 38.26%.

Institutional investors have recently modified their holdings of the business. Acropolis Investment Management LLC acquired a new stake in CSX during the 3rd quarter worth about $107,000. IMS Capital Management acquired a new stake in CSX during the 2nd quarter worth about $124,000. Strategic Wealth Partners Ltd. acquired a new stake in CSX during the 2nd quarter worth about $128,000. Kaizen Advisory LLC grew its holdings in CSX by 150.5% during the 2nd quarter. Kaizen Advisory LLC now owns 2,164 shares of the transportation company’s stock worth $138,000 after acquiring an additional 1,300 shares during the period. Finally, Sun Life Financial INC grew its holdings in CSX by 950.0% during the 2nd quarter. Sun Life Financial INC now owns 2,373 shares of the transportation company’s stock worth $151,000 after acquiring an additional 2,147 shares during the period. Hedge funds and other institutional investors own 74.82% of the company’s stock.

CSX Company Profile

CSX Corporation, together with its subsidiaries, provides rail-based transportation services in the United States and Canada. The company offers rail services, as well as transports intermodal containers and trailers. It transports agricultural and food products, fertilizers, chemicals, automotive, metals and equipment, minerals, and forest products; and coal, coke, and iron ore to electricity-generating power plants, steel manufacturers, and industrial plants.

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Analyst Recommendations for CSX (NASDAQ:CSX)

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