CSX (NASDAQ:CSX) Now Covered by Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft assumed coverage on shares of CSX (NASDAQ:CSX) in a report issued on Friday, MarketBeat Ratings reports. The brokerage issued a hold rating and a $34.00 target price on the transportation company’s stock.

A number of other equities analysts also recently commented on CSX. Wells Fargo & Company decreased their price target on CSX from $36.00 to $34.00 and set an “equal weight” rating for the company in a research note on Friday, January 24th. Stephens reiterated an “overweight” rating and issued a $38.00 target price on shares of CSX in a research report on Friday, January 24th. Raymond James reiterated an “outperform” rating and issued a $37.00 price target (down from $38.00) on shares of CSX in a report on Friday, January 24th. Barclays reduced their price objective on CSX from $40.00 to $38.00 and set an “overweight” rating on the stock in a research note on Friday, January 24th. Finally, Loop Capital lowered shares of CSX from a “buy” rating to a “hold” rating and lowered their target price for the company from $40.00 to $34.00 in a research note on Monday, February 3rd. Seven research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $37.00.

CSX Stock Performance

Shares of CSX opened at $31.26 on Friday. The firm has a market cap of $60.28 billion, a price-to-earnings ratio of 17.46, a PEG ratio of 1.92 and a beta of 1.23. The company has a quick ratio of 1.23, a current ratio of 0.86 and a debt-to-equity ratio of 1.43. The business’s 50 day moving average is $32.48 and its two-hundred day moving average is $33.62. CSX has a 52-week low of $30.55 and a 52-week high of $38.35.

CSX (NASDAQ:CSX) last posted its quarterly earnings results on Thursday, January 23rd. The transportation company reported $0.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.02). CSX had a net margin of 23.95% and a return on equity of 28.15%. Analysts forecast that CSX will post 1.83 EPS for the current fiscal year.

CSX Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be paid a $0.13 dividend. This is a boost from CSX’s previous quarterly dividend of $0.12. The ex-dividend date is Friday, February 28th. This represents a $0.52 annualized dividend and a dividend yield of 1.66%. CSX’s dividend payout ratio is presently 29.05%.

Institutional Investors Weigh In On CSX

Several institutional investors have recently bought and sold shares of the stock. Norges Bank bought a new position in CSX during the 4th quarter valued at $780,194,000. Ameriprise Financial Inc. lifted its holdings in shares of CSX by 89.7% in the fourth quarter. Ameriprise Financial Inc. now owns 20,856,567 shares of the transportation company’s stock valued at $673,025,000 after buying an additional 9,863,587 shares during the period. Bank of New York Mellon Corp boosted its stake in CSX by 40.5% during the fourth quarter. Bank of New York Mellon Corp now owns 23,350,087 shares of the transportation company’s stock valued at $753,507,000 after buying an additional 6,730,316 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp grew its holdings in CSX by 471.9% during the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 6,748,661 shares of the transportation company’s stock worth $217,808,000 after acquiring an additional 5,568,624 shares during the period. Finally, Fiduciary Management Inc. WI bought a new stake in CSX in the fourth quarter worth about $178,259,000. Institutional investors and hedge funds own 73.57% of the company’s stock.

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.