CSX (NASDAQ:CSX) had its price target reduced by TD Securities from $81.00 to $77.00 in a research report sent to investors on Wednesday, BayStreet.CA reports. They currently have a hold rating on the transportation company’s stock.
CSX has been the subject of several other reports. Credit Suisse Group set a GBX 3,090 ($40.38) price target on Royal Dutch Shell and gave the stock a buy rating in a report on Wednesday. SNS Securities cut CSX from a positive rating to a neutral rating in a report on Wednesday, April 3rd. Citigroup set a $20.00 price target on Compania de Minas Buenaventura SAA and gave the stock a buy rating in a report on Thursday, April 4th. Deutsche Bank raised CYBERAGENT INC/ADR from a hold rating to a buy rating in a report on Wednesday, June 12th. Finally, Stephens reissued an overweight rating and set a $120.00 price target on shares of TAKE-TWO INTERACTIVE SOFTWARE in a report on Wednesday. Three equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and seven have given a buy rating to the stock. The company has a consensus rating of Hold and an average price target of $78.13.
Shares of NASDAQ CSX opened at $70.31 on Wednesday. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.55 and a quick ratio of 1.68. CSX has a 12 month low of $58.47 and a 12 month high of $80.73. The business’s 50 day simple moving average is $77.20. The company has a market cap of $57.33 billion, a P/E ratio of 18.31, a P/E/G ratio of 1.25 and a beta of 1.22.
CSX (NASDAQ:CSX) last issued its earnings results on Tuesday, July 16th. The transportation company reported $1.08 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.11 by ($0.03). CSX had a return on equity of 26.96% and a net margin of 27.87%. The business had revenue of $3.06 billion for the quarter, compared to the consensus estimate of $3.14 billion. During the same quarter in the prior year, the firm posted $1.01 earnings per share. The business’s revenue was down 1.4% compared to the same quarter last year. On average, equities analysts predict that CSX will post 4.15 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 13th. Investors of record on Friday, August 30th will be issued a dividend of $0.24 per share. The ex-dividend date of this dividend is Thursday, August 29th. This represents a $0.96 annualized dividend and a yield of 1.37%. CSX’s payout ratio is currently 25.00%.
In other CSX news, EVP Nathan D. Goldman sold 7,000 shares of CSX stock in a transaction on Tuesday, June 11th. The stock was sold at an average price of $79.50, for a total value of $556,500.00. Following the completion of the transaction, the executive vice president now directly owns 79,697 shares of the company’s stock, valued at approximately $6,335,911.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 4.83% of the stock is owned by insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in CSX. Liberty Wealth Management LLC acquired a new position in CSX in the 4th quarter valued at $28,000. IMA Wealth Inc. acquired a new position in CSX in the 1st quarter valued at $35,000. Destination Wealth Management acquired a new position in CSX in the 1st quarter valued at $36,000. Field & Main Bank acquired a new position in CSX in the 1st quarter valued at $41,000. Finally, Executive Wealth Management LLC acquired a new position in CSX in the 4th quarter valued at $43,000. 75.74% of the stock is 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, as well as transports intermodal containers and trailers. It transports chemicals, automotive, agricultural and food products, minerals, fertilizers, forest products, and metals and equipment; and coal, coke, and iron ore to electricity-generating power plants, steel manufacturers, and industrial plants.
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