CSX (NASDAQ:CSX) Price Target Cut to $44.00

CSX (NASDAQ:CSXGet Rating) had its price target decreased by Susquehanna from $45.00 to $44.00 in a research report released on Thursday morning, The Fly reports. Susquehanna currently has a positive rating on the transportation company’s stock.

Other research analysts have also recently issued reports about the company. BMO Capital Markets upped their price objective on CSX from $40.00 to $41.00 and gave the stock an outperform rating in a research report on Tuesday, December 14th. Cowen increased their target price on CSX from $35.00 to $38.00 and gave the stock a market perform rating in a research note on Friday, January 21st. Raymond James lowered their target price on CSX from $41.00 to $40.00 and set an outperform rating on the stock in a research note on Friday, January 21st. Wolfe Research reduced their price target on CSX from $41.00 to $40.00 and set an outperform rating on the stock in a research report on Friday, January 21st. Finally, UBS Group increased their price target on CSX from $39.00 to $42.00 and gave the stock a buy rating in a research report on Wednesday, December 15th. One analyst has rated the stock with a sell rating, five have given a hold rating and sixteen have assigned a buy rating to the company. According to MarketBeat, CSX presently has a consensus rating of Buy and an average price target of $39.00.

Shares of CSX opened at $34.33 on Thursday. CSX has a 1 year low of $29.49 and a 1 year high of $38.63. The company has a current ratio of 1.73, a quick ratio of 1.58 and a debt-to-equity ratio of 1.20. The stock has a 50 day simple moving average of $35.21 and a 200-day simple moving average of $35.16. The stock has a market cap of $74.79 billion, a PE ratio of 20.43, a PEG ratio of 1.90 and a beta of 1.23.

CSX (NASDAQ:CSXGet Rating) last released its quarterly earnings results on Thursday, January 20th. The transportation company reported $0.42 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.41 by $0.01. The firm had revenue of $3.43 billion during the quarter, compared to analysts’ expectations of $3.32 billion. CSX had a return on equity of 26.34% and a net margin of 30.19%. The business’s revenue was up 21.4% on a year-over-year basis. During the same period last year, the firm posted $0.35 EPS. On average, sell-side analysts forecast that CSX will post 1.78 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 15th. Investors of record on Monday, February 28th were given a $0.10 dividend. The ex-dividend date was Friday, February 25th. This is a positive change from CSX’s previous quarterly dividend of $0.09. This represents a $0.40 annualized dividend and a yield of 1.17%. CSX’s payout ratio is 23.81%.

A number of hedge funds and other institutional investors have recently bought and sold shares of CSX. Garrett Investment Advisors LLC boosted its stake in shares of CSX by 3.0% in the 4th quarter. Garrett Investment Advisors LLC now owns 9,337 shares of the transportation company’s stock valued at $351,000 after buying an additional 275 shares during the period. American National Bank boosted its stake in shares of CSX by 35.9% in the 1st quarter. American National Bank now owns 1,101 shares of the transportation company’s stock valued at $41,000 after buying an additional 291 shares during the period. Boston Trust Walden Corp boosted its stake in shares of CSX by 2.9% in the 3rd quarter. Boston Trust Walden Corp now owns 10,347 shares of the transportation company’s stock valued at $308,000 after buying an additional 294 shares during the period. Laird Norton Trust Company LLC boosted its stake in shares of CSX by 3.0% in the 3rd quarter. Laird Norton Trust Company LLC now owns 10,014 shares of the transportation company’s stock valued at $297,000 after buying an additional 294 shares during the period. Finally, Boston Common Asset Management LLC boosted its stake in shares of CSX by 4.0% in the 4th quarter. Boston Common Asset Management LLC now owns 7,788 shares of the transportation company’s stock valued at $293,000 after buying an additional 298 shares during the period. Institutional investors and hedge funds own 73.22% of the company’s stock.

About CSX (Get Rating)

CSX Corporation, together with its subsidiaries, provides rail-based freight transportation services. The company offers rail services; and transportation of intermodal containers and trailers, as well as other transportation services, such as rail-to-truck transfers and bulk commodity operations. It transports chemicals, agricultural and food products, automotive, minerals, forest products, fertilizers, and metals and equipment; and coal, coke, and iron ore to electricity-generating power plants, steel manufacturers, and industrial plants, as well as exports coal to deep-water port facilities.

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