Susquehanna Increases CSX (NASDAQ:CSX) Price Target to $42.00

CSX (NASDAQ:CSX) had its price target raised by Susquehanna from $41.00 to $42.00 in a report released on Wednesday, Benzinga reports. Susquehanna currently has a positive rating on the transportation company’s stock.

A number of other research analysts also recently issued reports on CSX. Wells Fargo & Company started coverage on CSX in a report on Friday, June 7th. They set an equal weight rating and a $35.00 price target on the stock. Sanford C. Bernstein upped their target price on CSX from $35.00 to $36.00 and gave the company a market perform rating in a report on Monday, July 8th. Barclays dropped their price target on CSX from $41.00 to $40.00 and set an overweight rating for the company in a research note on Wednesday, September 25th. Evercore ISI raised shares of CSX to a strong-buy rating in a research report on Tuesday, August 6th. Finally, Stephens reaffirmed an overweight rating and issued a $42.00 target price on shares of CSX in a research report on Tuesday, August 6th. Seven investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and an average price target of $39.00.

CSX Trading Up 1.1 %

Shares of CSX opened at $34.49 on Wednesday. CSX has a fifty-two week low of $29.03 and a fifty-two week high of $40.12. The firm has a market cap of $67.43 billion, a price-to-earnings ratio of 18.95, a PEG ratio of 1.91 and a beta of 1.19. The firm has a 50 day moving average price of $33.97 and a 200-day moving average price of $34.13. The company has a debt-to-equity ratio of 1.42, a quick ratio of 1.01 and a current ratio of 1.16.

CSX (NASDAQ:CSX) last released its quarterly earnings data on Monday, August 5th. The transportation company reported $0.49 EPS for the quarter, topping the consensus estimate of $0.48 by $0.01. The firm had revenue of $3.70 billion for the quarter, compared to the consensus estimate of $3.70 billion. CSX had a return on equity of 29.11% and a net margin of 24.52%. The company’s quarterly revenue was up .0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.49 earnings per share. As a group, equities research analysts forecast that CSX will post 1.93 earnings per share for the current year.

CSX Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $0.48 dividend on an annualized basis and a yield of 1.39%. CSX’s dividend payout ratio (DPR) is 26.37%.

Institutional Trading of CSX

Hedge funds have recently bought and sold shares of the company. Itau Unibanco Holding S.A. bought a new stake in CSX during the second quarter valued at approximately $26,000. MFA Wealth Advisors LLC purchased a new stake in shares of CSX in the 2nd quarter worth $27,000. Financial Synergies Wealth Advisors Inc. bought a new position in CSX in the 1st quarter worth $29,000. Fairscale Capital LLC purchased a new position in CSX during the second quarter valued at $32,000. Finally, Strategic Financial Concepts LLC bought a new stake in CSX during the second quarter valued at about $33,000. Hedge funds and other institutional investors own 73.57% of the company’s stock.

CSX Company Profile

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.