CSX Co. (NASDAQ:CSX) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of CSX Co. (NASDAQ:CSX) have received an average rating of “Moderate Buy” from the fourteen research firms that are covering the firm, MarketBeat.com reports. Six equities research analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $38.14.

A number of analysts have recently issued reports on the company. Susquehanna decreased their target price on CSX from $44.00 to $40.00 and set a “positive” rating for the company in a report on Tuesday, June 25th. Sanford C. Bernstein boosted their target price on CSX from $35.00 to $36.00 and gave the stock a “market perform” rating in a report on Monday, July 8th. Stifel Nicolaus boosted their target price on CSX from $37.00 to $39.00 and gave the stock a “buy” rating in a report on Friday, April 12th. Bank of America cut CSX from a “buy” rating to a “neutral” rating and set a $37.00 target price for the company. in a report on Monday, July 8th. Finally, UBS Group decreased their price target on CSX from $46.00 to $44.00 and set a “buy” rating for the company in a report on Thursday, April 18th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Ascent Group LLC boosted its stake in CSX by 559.7% during the first quarter. Ascent Group LLC now owns 58,779 shares of the transportation company’s stock valued at $2,179,000 after buying an additional 49,869 shares in the last quarter. International Assets Investment Management LLC boosted its stake in CSX by 3,241.9% during the fourth quarter. International Assets Investment Management LLC now owns 235,304 shares of the transportation company’s stock valued at $8,158,000 after buying an additional 228,263 shares in the last quarter. PFG Advisors boosted its stake in CSX by 2.1% during the first quarter. PFG Advisors now owns 18,880 shares of the transportation company’s stock valued at $700,000 after buying an additional 387 shares in the last quarter. Partners Group Holding AG boosted its stake in CSX by 26.8% during the fourth quarter. Partners Group Holding AG now owns 704,544 shares of the transportation company’s stock valued at $24,427,000 after buying an additional 149,105 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in CSX by 5.0% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 723,344 shares of the transportation company’s stock valued at $25,078,000 after buying an additional 34,730 shares in the last quarter. Institutional investors own 73.57% of the company’s stock.

CSX Stock Down 2.0 %

CSX opened at $34.08 on Monday. The company has a debt-to-equity ratio of 1.42, a current ratio of 1.15 and a quick ratio of 1.00. The stock has a market capitalization of $66.62 billion, a price-to-earnings ratio of 18.73, a price-to-earnings-growth ratio of 1.89 and a beta of 1.20. The business has a 50-day moving average of $33.56 and a two-hundred day moving average of $35.05. CSX has a 12 month low of $29.03 and a 12 month high of $40.12.

CSX Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 13th. Investors of record on Friday, August 30th will be paid a dividend of $0.12 per share. The ex-dividend date is Friday, August 30th. This represents a $0.48 dividend on an annualized basis and a yield of 1.41%. CSX’s payout ratio is currently 26.37%.

About CSX

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.