CSX Sets New 1-Year High at $29.75 (CSX)
CSX (NYSE:CSX) hit a new 52-week high during mid-day trading on Wednesday , AnalystRatingsNetwork.com reports. The company traded as high as $29.75 and last traded at $29.70, with a volume of 3,928,850 shares traded. The stock had previously closed at $29.32.
Several analysts have recently commented on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of CSX in a research note on Thursday, April 24th. They now have a $30.00 price target on the stock. Separately, analysts at Argus reiterated a “buy” rating on shares of CSX in a research note on Tuesday, April 22nd. They now have a $35.00 price target on the stock. Finally, analysts at S&P Equity Research reiterated a “buy” rating on shares of CSX in a research note on Thursday, April 17th. Eleven investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. CSX currently has a consensus rating of “Hold” and an average price target of $29.50.
The stock’s 50-day moving average is $28.57 and its 200-day moving average is $27.98. The company has a market cap of $29.719 billion and a P/E ratio of 16.54.
CSX (NYSE:CSX) last issued its quarterly earnings data on Tuesday, April 15th. The company reported $0.40 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.38 by $0.02. The company had revenue of $3.01 billion for the quarter, compared to the consensus estimate of $2.98 billion. During the same quarter last year, the company posted $0.45 earnings per share. CSX’s revenue was up 1.7% compared to the same quarter last year. On average, analysts predict that CSX will post $1.86 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, June 13th. Shareholders of record on Wednesday, May 28th will be paid a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 2.16%. The ex-dividend date is Friday, May 23rd. This is a positive change from CSX’s previous quarterly dividend of $0.15.
CSX Corporation (NYSE:CSX), together with its subsidiaries, is a transportation supplier.
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