CSX (NASDAQ:CSX) had its price target cut by Royal Bank of Canada to $75.00 in a research note released on Wednesday morning, The Fly reports. They currently have a sector perform rating on the transportation company’s stock.

Several other brokerages also recently issued reports on CSX. Zacks Investment Research raised shares of Flagstar Bancorp from a hold rating to a buy rating and set a $38.00 price target for the company in a report on Monday, July 8th. BMO Capital Markets initiated coverage on shares of Yelp in a report on Wednesday, April 17th. They set an outperform rating for the company. Deutsche Bank raised shares of CYBERAGENT INC/ADR from a hold rating to a buy rating in a report on Wednesday, June 12th. Goldman Sachs Group downgraded shares of EXPERIAN PLC/ADR from a buy rating to a neutral rating in a report on Wednesday, July 10th. Finally, Credit Suisse Group set a GBX 3,090 ($40.38) price target on shares of Royal Dutch Shell and gave the company a buy rating in a report on Wednesday. Three equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and seven have given a buy rating to the stock. The company presently has an average rating of Hold and a consensus target price of $78.13.

Shares of CSX opened at $70.31 on Wednesday. CSX has a 1 year low of $58.47 and a 1 year high of $80.73. The firm has a market capitalization of $57.33 billion, a P/E ratio of 18.31, a price-to-earnings-growth ratio of 1.25 and a beta of 1.22. The company has a current ratio of 1.55, a quick ratio of 1.68 and a debt-to-equity ratio of 1.26. The company’s fifty day moving average price is $77.20.

CSX (NASDAQ:CSX) last announced its quarterly earnings results on Tuesday, July 16th. The transportation company reported $1.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.11 by ($0.03). CSX had a net margin of 27.87% and a return on equity of 26.96%. The firm had revenue of $3.06 billion for the quarter, compared to analyst estimates of $3.14 billion. During the same period last year, the firm posted $1.01 EPS. The business’s revenue was down 1.4% compared to the same quarter last year. On average, equities analysts expect that CSX will post 4.15 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 13th. Investors of record on Friday, August 30th will be paid a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.37%. The ex-dividend date is Thursday, August 29th. CSX’s dividend payout ratio is currently 25.00%.

In related news, EVP Nathan D. Goldman sold 7,000 shares of CSX stock in a transaction dated Tuesday, June 11th. The shares were sold at an average price of $79.50, for a total transaction of $556,500.00. Following the sale, the executive vice president now directly owns 79,697 shares in the company, valued at $6,335,911.50. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 4.83% of the stock is owned by insiders.

A number of institutional investors have recently modified their holdings of CSX. Norges Bank bought a new stake in CSX in the fourth quarter worth about $463,481,000. CI Investments Inc. bought a new stake in CSX in the fourth quarter worth about $370,449,000. FMR LLC raised its position in CSX by 14.1% in the fourth quarter. FMR LLC now owns 23,161,058 shares of the transportation company’s stock worth $1,438,997,000 after acquiring an additional 2,867,186 shares in the last quarter. Impala Asset Management LLC bought a new stake in CSX in the first quarter worth about $88,463,000. Finally, Magellan Asset Management Ltd bought a new stake in CSX in the first quarter worth about $73,749,000. Hedge funds and other institutional investors own 75.74% of the company’s stock.

About CSX

CSX Corporation, together with its subsidiaries, provides rail-based freight transportation services. The company offers rail services, as well as transports intermodal containers and trailers. It transports chemicals, automotive, agricultural and food products, minerals, fertilizers, forest products, and metals and equipment; 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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