CSX Co. (NASDAQ:CSX)‘s stock had its “hold” rating restated by equities research analysts at Loop Capital in a research report issued on Saturday.
Several other research analysts also recently issued reports on the company. Avondale Partners raised CSX from a “market perform” rating to an “outperform” rating and set a $65.00 price objective for the company in a research note on Friday, February 10th. Argus reaffirmed an “equal weight” rating and issued a $45.00 price objective on shares of CSX in a research note on Thursday, January 19th. Atlantic Securities raised CSX from a “neutral” rating to an “overweight” rating and set a $57.00 price objective for the company in a research note on Wednesday, March 15th. Robert W. Baird reaffirmed an “outperform” rating on shares of CSX in a research note on Friday, January 20th. Finally, Oppenheimer Holdings Inc. reaffirmed a “market perform” rating on shares of CSX in a research note on Tuesday, January 24th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and nineteen have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $55.37.
CSX (NASDAQ:CSX) traded up 2.44% during midday trading on Friday, hitting $50.77. 16,235,464 shares of the stock traded hands. CSX has a 1-year low of $24.43 and a 1-year high of $51.28. The stock has a market cap of $47.04 billion, a PE ratio of 28.07 and a beta of 1.19. The company has a 50-day moving average of $47.43 and a 200-day moving average of $40.49. CSX also was the recipient of unusually large options trading on Tuesday. Stock investors bought 9,302 put options on the stock. This is an increase of approximately 297% compared to the typical volume of 2,342 put options.
CSX (NASDAQ:CSX) last issued its earnings results on Wednesday, April 19th. The transportation company reported $0.51 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.43 by $0.08. The firm earned $2.87 billion during the quarter, compared to the consensus estimate of $2.76 billion. CSX had a return on equity of 14.71% and a net margin of 15.48%. The business’s quarterly revenue was up 9.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.37 earnings per share. On average, equities analysts expect that CSX will post $2.07 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, June 15th. Investors of record on Wednesday, May 31st will be given a $0.20 dividend. This is a positive change from CSX’s previous quarterly dividend of $0.18. This represents a $0.80 dividend on an annualized basis and a yield of 1.58%. The ex-dividend date of this dividend is Friday, May 26th. CSX’s dividend payout ratio is presently 39.78%.
A number of large investors have recently added to or reduced their stakes in CSX. Marco Investment Management LLC raised its stake in CSX by 0.3% in the third quarter. Marco Investment Management LLC now owns 8,410 shares of the transportation company’s stock worth $257,000 after buying an additional 22 shares during the last quarter. Jackson Grant Investment Advisers Inc. raised its stake in CSX by 0.3% in the fourth quarter. Jackson Grant Investment Advisers Inc. now owns 9,519 shares of the transportation company’s stock worth $342,000 after buying an additional 25 shares during the last quarter. Stock Yards Bank & Trust Co. raised its stake in CSX by 0.7% in the first quarter. Stock Yards Bank & Trust Co. now owns 8,032 shares of the transportation company’s stock worth $374,000 after buying an additional 53 shares during the last quarter. Municipal Employees Retirement System of Michigan raised its stake in CSX by 0.3% in the third quarter. Municipal Employees Retirement System of Michigan now owns 30,270 shares of the transportation company’s stock worth $923,000 after buying an additional 90 shares during the last quarter. Finally, Private Trust Co. NA raised its stake in CSX by 0.3% in the third quarter. Private Trust Co. NA now owns 26,483 shares of the transportation company’s stock worth $807,000 after buying an additional 92 shares during the last quarter. 69.47% of the stock is owned by institutional investors and hedge funds.
CSX Corporation is a transportation company. The Company provides rail-based freight transportation services, including traditional rail service and transport of intermodal containers and trailers, as well as other transportation services, such as rail-to-truck transfers and bulk commodity operations.
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