CSX (NASDAQ:CSX) Research Coverage Started at Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft assumed coverage on shares of CSX (NASDAQ:CSX) in a research note released on Friday morning, Marketbeat Ratings reports. The brokerage issued a hold rating and a $34.00 price objective on the transportation company’s stock.

Several other equities research analysts have also weighed in on the company. Jefferies Financial Group raised CSX from a “hold” rating to a “buy” rating and set a $37.00 target price on the stock in a research report on Friday, January 10th. Benchmark reaffirmed a “buy” rating and issued a $38.00 target price on shares of CSX in a research report on Monday, January 27th. Stephens reaffirmed an “overweight” rating and issued a $38.00 target price on shares of CSX in a research report on Friday, January 24th. JPMorgan Chase & Co. dropped their target price on CSX from $38.00 to $37.00 and set an “overweight” rating on the stock in a research report on Friday, January 24th. Finally, Susquehanna dropped their target price on CSX from $40.00 to $39.00 and set a “positive” rating on the stock in a research report on Wednesday, January 8th. Seven investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat, CSX presently has an average rating of “Moderate Buy” and a consensus price target of $37.00.

CSX Stock Performance

CSX stock opened at $31.26 on Friday. The company has a current ratio of 0.86, a quick ratio of 1.23 and a debt-to-equity ratio of 1.43. The firm has a market cap of $59.23 billion, a P/E ratio of 17.46, a P/E/G ratio of 1.92 and a beta of 1.25. CSX has a 12-month low of $30.55 and a 12-month high of $38.35. The stock’s 50 day simple moving average is $32.48 and its 200 day simple moving average is $33.62.

CSX (NASDAQ:CSX) last posted its quarterly earnings results on Thursday, January 23rd. The transportation company reported $0.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.02). CSX had a net margin of 23.95% and a return on equity of 28.15%. As a group, equities research analysts predict that CSX will post 1.83 EPS for the current year.

CSX Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be paid a dividend of $0.13 per share. The ex-dividend date is Friday, February 28th. This represents a $0.52 annualized dividend and a yield of 1.66%. This is a boost from CSX’s previous quarterly dividend of $0.12. CSX’s dividend payout ratio (DPR) is currently 29.05%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of CSX. Valley Wealth Managers Inc. boosted its stake in CSX by 177.8% during the third quarter. Valley Wealth Managers Inc. now owns 750 shares of the transportation company’s stock valued at $26,000 after buying an additional 480 shares in the last quarter. Marshall & Sterling Wealth Advisors Inc. acquired a new position in shares of CSX in the 4th quarter valued at $27,000. Accredited Wealth Management LLC acquired a new position in shares of CSX in the 4th quarter valued at $29,000. Fourth Dimension Wealth LLC acquired a new position in shares of CSX in the 4th quarter valued at $29,000. Finally, SBI Securities Co. Ltd. acquired a new position in shares of CSX in the 4th quarter valued at $31,000. Institutional investors own 73.57% of the company’s stock.

About CSX

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 also transports chemicals, agricultural and food products, minerals, automotive, 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.