CSX (NASDAQ:CSX) Research Coverage Started at Citizens Jmp

Citizens Jmp initiated coverage on shares of CSX (NASDAQ:CSX) in a research note issued to investors on Wednesday, Marketbeat Ratings reports. The brokerage issued a market perform rating on the transportation company’s stock.

A number of other analysts have also issued reports on the company. Jefferies Financial Group increased their target price on CSX from $50.00 to $52.00 and gave the company a “buy” rating in a report on Thursday, April 23rd. Weiss Ratings upgraded CSX from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, June 29th. Vertical Research downgraded CSX from a “buy” rating to a “hold” rating and set a $44.00 price target on the stock. in a report on Thursday, April 23rd. Royal Bank Of Canada upped their price target on CSX from $47.00 to $51.00 and gave the company an “outperform” rating in a research report on Wednesday, June 24th. Finally, Truist Financial set a $46.00 price objective on CSX in a research note on Friday, July 10th. Seventeen equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $49.33.

CSX Stock Down 0.3%

CSX stock opened at $50.75 on Wednesday. CSX has a 52-week low of $31.80 and a 52-week high of $51.29. The company’s 50 day simple moving average is $47.09 and its 200-day simple moving average is $42.64. The company has a debt-to-equity ratio of 1.34, a current ratio of 0.97 and a quick ratio of 0.83. The firm has a market capitalization of $94.30 billion, a P/E ratio of 31.13, a P/E/G ratio of 2.51 and a beta of 1.21.

CSX (NASDAQ:CSX) last issued its quarterly earnings results on Wednesday, April 22nd. The transportation company reported $0.43 EPS for the quarter, beating the consensus estimate of $0.39 by $0.04. CSX had a net margin of 21.55% and a return on equity of 24.47%. The business had revenue of $3.48 billion during the quarter, compared to the consensus estimate of $3.50 billion. During the same quarter in the prior year, the firm earned $0.34 EPS. The firm’s quarterly revenue was up 1.7% on a year-over-year basis. As a group, equities research analysts anticipate that CSX will post 1.92 EPS for the current year.

CSX Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Friday, May 29th were given a $0.14 dividend. The ex-dividend date was Friday, May 29th. This represents a $0.56 dividend on an annualized basis and a yield of 1.1%. CSX’s dividend payout ratio is presently 34.36%.

Insiders Place Their Bets

In other CSX news, CFO Kevin S. Boone sold 136,708 shares of CSX stock in a transaction on Wednesday, June 3rd. The shares were sold at an average price of $46.70, for a total transaction of $6,384,263.60. Following the completion of the sale, the chief financial officer owned 208,622 shares of the company’s stock, valued at $9,742,647.40. This trade represents a 39.59% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director John J. Zillmer sold 10,000 shares of the company’s stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of $46.45, for a total transaction of $464,500.00. Following the completion of the transaction, the director directly owned 353,714 shares in the company, valued at $16,430,015.30. This trade represents a 2.75% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 0.30% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. FNY Investment Advisers LLC raised its stake in shares of CSX by 437.3% during the 3rd quarter. FNY Investment Advisers LLC now owns 720 shares of the transportation company’s stock worth $25,000 after purchasing an additional 586 shares in the last quarter. WFA of San Diego LLC bought a new stake in shares of CSX in the 2nd quarter valued at approximately $28,000. Arlington Trust Co LLC grew its stake in shares of CSX by 58.0% in the 2nd quarter. Arlington Trust Co LLC now owns 681 shares of the transportation company’s stock valued at $32,000 after buying an additional 250 shares in the last quarter. Wilkerson Advisory Group LLC increased its holdings in CSX by 97.4% in the first quarter. Wilkerson Advisory Group LLC now owns 829 shares of the transportation company’s stock worth $34,000 after buying an additional 409 shares during the last quarter. Finally, Allied Private Wealth LLC acquired a new position in CSX in the second quarter worth approximately $37,000. 73.57% of the stock is owned by institutional investors and hedge funds.

Key CSX News

Here are the key news stories impacting CSX this week:

• Positive Sentiment: CSX approved a $0.14 quarterly dividend, reinforcing its shareholder-return policy and suggesting the company remains confident in its cash flow and financial stability. CSX Corporation Declares Quarterly Dividend
• Neutral Sentiment: CSX’s latest dividend announcement adds no new operational guidance, so investors may view it as confirmation of business as usual rather than a major growth catalyst. CSX Corporation Declares Quarterly Dividend
• Negative Sentiment: Broader headlines around a derailment cleanup, rail-crossing closures, and a fatal train incident could create some near-term reputational pressure, though these items appear more operational and local than financially material. Richmond CSX derailment cleanup complete; Capital Trail section remains closed

About CSX

CSX Corporation is a leading North American transportation company that provides rail-based freight services and supply-chain solutions. Its operating subsidiary, CSX Transportation, moves a wide range of goods for customers across multiple industries, using a combination of long-haul rail service, intermodal operations and terminal and yard services. The company focuses on delivering efficient, reliable freight transportation between major production centers, consumption markets and port gateways.

CSX’s freight portfolio includes intermodal containers and trailers, bulk commodities, industrial products and specialized unit trains.