CSX (NASDAQ:CSX) Given New $37.00 Price Target at Sanford C. Bernstein

CSX (NASDAQ:CSX) had its target price hoisted by Sanford C. Bernstein from $36.00 to $37.00 in a research report sent to investors on Tuesday morning,MarketScreener reports. They currently have a market perform rating on the transportation company’s stock.

A number of other equities research analysts have also weighed in on CSX. Barclays boosted their target price on shares of CSX from $36.00 to $38.00 and gave the stock an “overweight” rating in a report on Thursday, July 24th. Evercore ISI dropped their price target on shares of CSX from $39.00 to $37.00 and set an “outperform” rating on the stock in a research report on Thursday, September 25th. Royal Bank Of Canada boosted their price target on shares of CSX from $39.00 to $41.00 and gave the stock an “outperform” rating in a research report on Tuesday. JPMorgan Chase & Co. boosted their price target on shares of CSX from $34.00 to $41.00 and gave the stock an “overweight” rating in a research report on Thursday, July 24th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of CSX from a “hold” rating to a “buy” rating and set a $40.00 price target on the stock in a research report on Thursday, July 24th. 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. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $37.50.

CSX Trading Down 0.9%

CSX opened at $35.52 on Tuesday. CSX has a fifty-two week low of $26.22 and a fifty-two week high of $37.25. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.77 and a quick ratio of 0.63. The firm has a market capitalization of $66.21 billion, a price-to-earnings ratio of 21.92, a PEG ratio of 2.77 and a beta of 1.25. The company’s 50 day moving average price is $34.21 and its two-hundred day moving average price is $31.88.

CSX (NASDAQ:CSX) last posted its earnings results on Wednesday, July 23rd. The transportation company reported $0.44 earnings per share 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 period in the previous year, the firm posted $0.49 EPS. The company’s revenue for the quarter was down 3.5% compared to the same quarter last year. As a group, research analysts predict that CSX will post 1.83 earnings per share for the current year.

CSX Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Friday, August 29th were issued a dividend of $0.13 per share. The ex-dividend date was Friday, August 29th. This represents a $0.52 annualized dividend and a yield of 1.5%. CSX’s dividend payout ratio is presently 32.10%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Twin Peaks Wealth Advisors LLC acquired a new position in CSX during the second quarter worth $25,000. Rossby Financial LCC acquired a new position in CSX during the first quarter worth $28,000. WFA of San Diego LLC acquired a new position in CSX during the second quarter worth $28,000. Barnes Dennig Private Wealth Management LLC acquired a new position in CSX during the first quarter worth $30,000. Finally, Kessler Investment Group LLC acquired a new position in CSX during the first quarter worth $32,000. Institutional investors and hedge funds own 73.57% of the company’s stock.

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.