Deutsche Bank Increases CSX Price Target to $31.00 (CSX)
Stock analysts at Deutsche Bank raised their price objective on shares of CSX (NYSE:CSX) from $27.00 to $31.00 in a report issued on Tuesday. The firm currently has a “hold” rating on the stock. Deutsche Bank’s price objective suggests a potential downside of 0.48% from the company’s current price.
Shares of CSX (NYSE:CSX) traded up 0.39% during mid-day trading on Tuesday, hitting $31.15. 10,500,739 shares of the company’s stock traded hands. CSX has a one year low of $24.43 and a one year high of $31.22. The stock’s 50-day moving average is $30.42 and its 200-day moving average is $28.7. The company has a market cap of $31.286 billion and a price-to-earnings ratio of 17.50. CSX also saw some unusual options trading on Tuesday. Traders purchased 13,164 put options on the stock. This is an increase of approximately 987% compared to the typical volume of 1,211 put options.
CSX (NYSE:CSX) last announced its earnings results on Tuesday, July 15th. The company reported $0.53 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.52 by $0.01. The company had revenue of $3.24 billion for the quarter, compared to the consensus estimate of $3.23 billion. During the same quarter in the prior year, the company posted $0.52 earnings per share. The company’s quarterly revenue was up 6.5% on a year-over-year basis. On average, analysts predict that CSX will post $1.87 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Monday, September 15th. Investors of record on Friday, August 29th will be given a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 2.05%. The ex-dividend date of this dividend is Wednesday, August 27th.
A number of other analysts have also recently weighed in on CSX. Analysts at Zacks reiterated a “neutral” rating on shares of CSX in a research note on Thursday, July 10th. They now have a $33.00 price target on the stock. Separately, analysts at Robert W. Baird raised their price target on shares of CSX from $32.00 to $34.00 in a research note on Tuesday, July 8th. Finally, analysts at Barclays raised their price target on shares of CSX from $30.00 to $31.00 in a research note on Monday, June 30th. They now have an “equal weight” rating on the stock. Ten equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $30.94.
CSX Corporation (NYSE:CSX), together with its subsidiaries, is a transportation supplier.
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