BidaskClub upgraded shares of CSX (NASDAQ:CSX) from a sell rating to a hold rating in a report published on Saturday, February 17th.
CSX has been the topic of several other research reports. UBS Group dropped their price target on shares of CSX from $74.00 to $72.00 and set a buy rating on the stock in a research note on Wednesday, January 17th. Scotiabank set a $55.00 price target on shares of CSX and gave the stock a buy rating in a research note on Friday, December 15th. Barclays reiterated a buy rating and set a $68.00 price target on shares of CSX in a research note on Wednesday, December 13th. Robert W. Baird reiterated a buy rating and set a $59.00 price target on shares of CSX in a research note on Tuesday, January 9th. Finally, Citigroup reiterated a buy rating and set a $64.00 price target on shares of CSX in a research note on Wednesday, January 17th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and eighteen have assigned a buy rating to the stock. The stock presently has an average rating of Buy and a consensus price target of $60.71.
CSX (CSX) traded down $0.65 during trading hours on Friday, reaching $56.83. 5,209,080 shares of the company’s stock were exchanged, compared to its average volume of 7,550,000. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.81 and a current ratio of 1.01. CSX has a fifty-two week low of $45.41 and a fifty-two week high of $60.04. The company has a market cap of $50,420.00, a P/E ratio of 26.43, a PEG ratio of 1.39 and a beta of 1.27.
CSX (NASDAQ:CSX) last posted its earnings results on Tuesday, January 16th. The transportation company reported $0.64 EPS for the quarter, topping analysts’ consensus estimates of $0.56 by $0.08. CSX had a net margin of 47.96% and a return on equity of 17.16%. The business had revenue of $2.86 billion during the quarter, compared to the consensus estimate of $2.89 billion. During the same quarter in the previous year, the firm posted $0.49 EPS. The firm’s revenue was down 5.7% on a year-over-year basis. equities analysts predict that CSX will post 3.1 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Thursday, March 1st will be paid a $0.22 dividend. The ex-dividend date of this dividend is Wednesday, February 28th. This represents a $0.88 annualized dividend and a yield of 1.55%. This is a boost from CSX’s previous quarterly dividend of $0.20. CSX’s payout ratio is presently 40.93%.
CSX announced that its Board of Directors has approved a stock repurchase program on Monday, February 12th that authorizes the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization authorizes the transportation company to reacquire shares of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s leadership believes its shares are undervalued.
A number of hedge funds have recently made changes to their positions in CSX. Millennium Management LLC increased its holdings in shares of CSX by 615.0% in the 4th quarter. Millennium Management LLC now owns 2,301,149 shares of the transportation company’s stock worth $126,586,000 after buying an additional 1,979,295 shares during the last quarter. Chilton Investment Co. LLC purchased a new stake in shares of CSX in the 4th quarter worth approximately $83,179,000. Sirios Capital Management L P lifted its position in CSX by 265.0% during the fourth quarter. Sirios Capital Management L P now owns 1,882,529 shares of the transportation company’s stock valued at $103,558,000 after acquiring an additional 1,366,709 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its position in CSX by 188.7% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,582,029 shares of the transportation company’s stock valued at $87,027,000 after acquiring an additional 1,034,029 shares during the last quarter. Finally, Element Capital Management LLC purchased a new stake in CSX during the fourth quarter valued at approximately $45,241,000. Institutional investors and hedge funds own 75.67% of the company’s stock.
CSX Company Profile
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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