CSX (NASDAQ:CSX) Price Target Raised to $41.00 at Royal Bank Of Canada

CSX (NASDAQ:CSX) had its price target boosted by Royal Bank Of Canada from $39.00 to $41.00 in a report released on Tuesday,MarketScreener reports. The firm currently has an outperform rating on the transportation company’s stock.

A number of other equities research analysts also recently weighed in on the company. Barclays raised their price target on CSX from $36.00 to $38.00 and gave the company an “overweight” rating in a research report on Thursday, July 24th. 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. Robert W. Baird cut their target price on CSX from $44.00 to $39.00 and set an “outperform” rating for the company in a research note on Friday, September 26th. Baird R W raised shares of CSX to a “strong-buy” rating in a research note on Tuesday, July 1st. Finally, Evercore ISI lowered their price objective on shares of CSX from $39.00 to $37.00 and set an “outperform” rating for the company in a report on Thursday, September 25th. One research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $37.50.

CSX Trading Down 0.9%

Shares of CSX stock opened at $35.52 on Tuesday. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.77 and a quick ratio of 0.63. CSX has a 1 year low of $26.22 and a 1 year high of $37.25. The firm has a market cap of $66.21 billion, a PE ratio of 21.92, a PEG ratio of 2.77 and a beta of 1.25. The company has a 50 day simple moving average of $34.21 and a two-hundred day simple moving average of $31.88.

CSX (NASDAQ:CSX) last issued its quarterly earnings results 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 business’s revenue for the quarter was down 3.5% compared to the same quarter last year. Analysts expect that CSX will post 1.83 earnings per share for the current fiscal year.

CSX Dividend Announcement

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

Institutional Trading of CSX

Large investors have recently modified their holdings of the business. Strs Ohio bought a new position in CSX during the 1st quarter valued at approximately $29,614,000. Focus Partners Wealth grew its position in shares of CSX by 6.7% in the 1st quarter. Focus Partners Wealth now owns 1,447,099 shares of the transportation company’s stock worth $42,588,000 after buying an additional 90,313 shares during the last quarter. Woodline Partners LP increased its stake in shares of CSX by 127.7% during the first quarter. Woodline Partners LP now owns 1,151,161 shares of the transportation company’s stock valued at $33,879,000 after buying an additional 645,693 shares during the period. CWA Asset Management Group LLC raised its holdings in shares of CSX by 15.1% during the first quarter. CWA Asset Management Group LLC now owns 12,514 shares of the transportation company’s stock valued at $368,000 after acquiring an additional 1,642 shares in the last quarter. Finally, Dynamic Advisor Solutions LLC lifted its stake in CSX by 9.8% in the first quarter. Dynamic Advisor Solutions LLC now owns 38,757 shares of the transportation company’s stock worth $1,141,000 after acquiring an additional 3,458 shares during the period. 73.57% of the stock is owned by institutional investors.

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.