CSX (NASDAQ:CSX) Given New $44.00 Price Target at UBS Group

CSX (NASDAQ:CSX) had its price target increased by UBS Group from $41.00 to $44.00 in a research note released on Friday morning, MarketBeat Ratings reports. UBS Group currently has a buy rating on the transportation company’s stock.

CSX has been the subject of a number of other reports. Barclays raised their price objective on CSX from $36.00 to $38.00 and gave the stock an “overweight” rating in a research report on Thursday, July 24th. Benchmark lifted their price objective on shares of CSX from $37.00 to $40.00 and gave the company a “buy” rating in a research note on Thursday, July 24th. Jefferies Financial Group reissued a “buy” rating on shares of CSX in a research note on Monday. Raymond James Financial raised their price objective on CSX from $33.00 to $37.00 and gave the company an “outperform” rating in a research note on Tuesday, July 15th. Finally, Wall Street Zen lowered CSX from a “hold” rating to a “sell” rating in a research report on Friday, August 22nd. One research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, CSX has an average rating of “Moderate Buy” and an average target price of $37.95.

CSX Stock Performance

NASDAQ CSX opened at $36.01 on Friday. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.63 and a current ratio of 0.77. CSX has a fifty-two week low of $26.22 and a fifty-two week high of $37.25. The stock has a market cap of $67.13 billion, a PE ratio of 22.23, a PEG ratio of 2.75 and a beta of 1.29. The firm’s fifty day moving average price is $34.23 and its two-hundred day moving average price is $31.98.

CSX (NASDAQ:CSX) last posted its earnings results on Wednesday, July 23rd. The transportation company reported $0.44 EPS for the quarter, beating the consensus estimate of $0.42 by $0.02. CSX had a return on equity of 25.48% and a net margin of 21.92%.The firm had revenue of $3.57 billion during the quarter, compared to the consensus estimate of $3.57 billion. During the same period last year, the company earned $0.49 earnings per share. The business’s quarterly revenue was down 3.5% on a year-over-year basis. On average, equities analysts expect that CSX will post 1.83 EPS for the current fiscal year.

CSX Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Friday, August 29th were paid a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date was Friday, August 29th. CSX’s payout ratio is presently 32.10%.

Institutional Trading of CSX

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

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.