CSX (NASDAQ:CSX) Price Target Lowered to $34.00 at Susquehanna

CSX (NASDAQ:CSX) had its target price lowered by Susquehanna from $35.00 to $34.00 in a research note published on Thursday morning, MarketBeat.com reports. The brokerage currently has a neutral rating on the transportation company’s stock.

CSX has been the topic of a number of other research reports. The Goldman Sachs Group reissued a “neutral” rating and set a $35.00 price objective on shares of CSX in a report on Monday, June 2nd. Wells Fargo & Company upgraded shares of CSX from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $37.00 to $40.00 in a research report on Thursday. Barclays upped their target price on shares of CSX from $36.00 to $38.00 and gave the company an “overweight” rating in a research report on Thursday, July 24th. BMO Capital Markets downgraded shares of CSX from an “outperform” rating to a “market perform” rating and set a $38.00 target price on the stock. in a research report on Monday, August 18th. Finally, Bank of America cut their target price on shares of CSX from $42.00 to $40.00 and set a “buy” rating on the stock in a research report on Wednesday. One analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $37.59.

CSX Stock Down 0.1%

Shares of NASDAQ:CSX opened at $33.78 on Thursday. CSX has a 12 month low of $26.22 and a 12 month high of $37.25. The company’s 50-day moving average price is $34.19 and its two-hundred day moving average price is $31.75. The company has a quick ratio of 0.63, a current ratio of 0.77 and a debt-to-equity ratio of 1.50. The firm has a market cap of $62.98 billion, a P/E ratio of 20.85, a P/E/G ratio of 2.53 and a beta of 1.25.

CSX (NASDAQ:CSX) last issued its quarterly earnings data on Wednesday, July 23rd. The transportation company reported $0.44 EPS for the quarter, topping analysts’ consensus estimates of $0.42 by $0.02. CSX had a net margin of 21.92% and a return on equity of 25.48%. The firm had revenue of $3.57 billion for the quarter, compared to analyst estimates of $3.57 billion. During the same quarter in the prior year, the firm earned $0.49 EPS. The company’s revenue was down 3.5% on a year-over-year basis. As a group, research analysts forecast that CSX will post 1.83 EPS for the current fiscal year.

CSX Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Friday, August 29th were given a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date was Friday, August 29th. CSX’s dividend payout ratio (DPR) is currently 32.10%.

Institutional Trading of CSX

A number of hedge funds have recently modified their holdings of CSX. Twin Peaks Wealth Advisors LLC acquired a new stake in shares of CSX in the 2nd quarter valued at approximately $25,000. Rossby Financial LCC bought a new stake in CSX during the 1st quarter worth approximately $28,000. WFA of San Diego LLC bought a new stake in CSX during the 2nd quarter worth approximately $28,000. Barnes Dennig Private Wealth Management LLC bought a new stake in CSX during the 1st quarter worth approximately $30,000. Finally, Kessler Investment Group LLC bought a new stake in CSX during the 1st quarter worth approximately $32,000. 73.57% of the stock is currently owned by institutional investors and hedge funds.

CSX Company Profile

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.