CSX Corp. Stock Rating Reaffirmed by Zacks (CSX)
CSX Corp. (NYSE:CSX)‘s stock had its “neutral” rating reiterated by Zacks in a research report issued on Thursday, Analyst Ratings.Net reports. They currently have a $28.00 price objective on the stock. Zacks‘ target price would indicate a potential upside of 3.36% from the stock’s previous close.
CSX has been the subject of a number of other recent research reports. Analysts at EVA Dimensions LLC upgraded shares of CSX Corp. from an “underweight” rating to an “overweight” rating in a research note on Wednesday. Separately, analysts at Atlantic Securities downgraded shares of CSX Corp. from an “overweight” rating to a “neutral” rating in a research note on Monday, January 27th. They now have a $29.00 price target on the stock, down previously from $30.00. Finally, analysts at Deutsche Bank cut their price target on shares of CSX Corp. from $28.00 to $27.00 in a research note on Friday, January 17th. Twelve research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. CSX Corp. has an average rating of “Hold” and an average price target of $28.57.
CSX Corp. (NYSE:CSX) traded up 0.65% on Thursday, hitting $27.2653. 5,129,838 shares of the company’s stock traded hands. CSX Corp. has a 1-year low of $21.84 and a 1-year high of $29.25. The stock has a 50-day moving average of $27.40 and a 200-day moving average of $26.62. The company has a market cap of $27.472 billion and a price-to-earnings ratio of 14.81.
CSX Corp. (NYSE:CSX) last issued its quarterly earnings data on Thursday, January 16th. The company reported $0.42 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.42. The company had revenue of $3.00 billion for the quarter, compared to the consensus estimate of $2.98 billion. During the same quarter in the previous year, the company posted $0.43 earnings per share. The company’s revenue for the quarter was up 4.7% on a year-over-year basis. On average, analysts predict that CSX Corp. will post $1.91 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, March 14th. Shareholders of record on Friday, February 28th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 2.21%. The ex-dividend date of this dividend is Wednesday, February 26th.
CSX Corporation (NYSE:CSX), together with its subsidiaries, is a transportation supplier.
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