Posted by admin on Jun 15th, 2022
Shares of CSX Co. (NASDAQ:CSX – Get Rating) have earned a consensus rating of “Buy” from the twenty-three ratings firms that are presently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and fifteen have issued a buy rating on the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $38.76.
Several brokerages have weighed in on CSX. TD Securities downgraded CSX from a “buy” rating to a “hold” rating and lowered their price target for the stock from $41.00 to $38.00 in a report on Monday, April 18th. StockNews.com downgraded shares of CSX from a “buy” rating to a “hold” rating in a research report on Thursday, May 26th. Royal Bank of Canada upgraded shares of CSX from a “sector perform” rating to an “outperform” rating and lifted their price objective for the stock from $37.00 to $39.00 in a research note on Thursday, March 17th. Citigroup downgraded CSX from a “buy” rating to a “neutral” rating and dropped their price target for the company from $45.00 to $35.00 in a research note on Thursday, May 19th. Finally, Raymond James cut their price objective on CSX from $40.00 to $39.00 and set an “outperform” rating on the stock in a report on Monday, April 18th.
In other news, Director John J. Zillmer sold 16,000 shares of the company’s stock in a transaction that occurred on Monday, June 6th. The stock was sold at an average price of $32.25, for a total transaction of $516,000.00. Following the completion of the transaction, the director now directly owns 320,763 shares of the company’s stock, valued at approximately $10,344,606.75. The sale was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 0.37% of the company’s stock.
A number of hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. increased its position in shares of CSX by 0.9% during the first quarter. Vanguard Group Inc. now owns 185,175,290 shares of the transportation company’s stock worth $6,934,814,000 after purchasing an additional 1,585,487 shares in the last quarter. Capital World Investors raised its position in shares of CSX by 4.4% in the fourth quarter. Capital World Investors now owns 184,488,460 shares of the transportation company’s stock valued at $6,936,719,000 after buying an additional 7,841,524 shares during the last quarter. BlackRock Inc. lifted its stake in shares of CSX by 3.5% in the fourth quarter. BlackRock Inc. now owns 151,615,861 shares of the transportation company’s stock worth $5,700,758,000 after buying an additional 5,149,812 shares in the last quarter. State Street Corp boosted its position in CSX by 6.0% during the first quarter. State Street Corp now owns 100,226,817 shares of the transportation company’s stock worth $3,753,494,000 after acquiring an additional 5,632,575 shares during the last quarter. Finally, Soroban Capital Partners LP grew its stake in CSX by 22.8% during the 3rd quarter. Soroban Capital Partners LP now owns 39,572,504 shares of the transportation company’s stock valued at $1,176,886,000 after acquiring an additional 7,338,924 shares in the last quarter. Institutional investors own 74.81% of the company’s stock.
CSX stock opened at $29.34 on Wednesday. CSX has a one year low of $29.11 and a one year high of $38.63. The firm has a market cap of $63.79 billion, a price-to-earnings ratio of 16.67, a PEG ratio of 1.64 and a beta of 1.22. The company has a debt-to-equity ratio of 1.21, a quick ratio of 1.32 and a current ratio of 1.46. The firm has a 50-day simple moving average of $33.23 and a two-hundred day simple moving average of $34.81.
CSX (NASDAQ:CSX – Get Rating) last posted its earnings results on Wednesday, April 20th. The transportation company reported $0.39 EPS for the quarter, beating analysts’ consensus estimates of $0.37 by $0.02. CSX had a net margin of 29.98% and a return on equity of 27.47%. The company had revenue of $3.41 billion during the quarter, compared to analysts’ expectations of $3.31 billion. During the same quarter in the prior year, the company posted $0.31 earnings per share. CSX’s revenue for the quarter was up 21.3% compared to the same quarter last year. As a group, equities analysts predict that CSX will post 1.82 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 15th. Investors of record on Tuesday, May 31st will be paid a $0.10 dividend. The ex-dividend date is Friday, May 27th. This represents a $0.40 annualized dividend and a dividend yield of 1.36%. CSX’s dividend payout ratio is presently 22.73%.
CSX Company Profile (Get Rating)
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 transports chemicals, agricultural and food products, automotive, minerals, 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.
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