Credit Suisse Reiterates “Neutral” Rating for CSX (CSX)
CSX (NYSE:CSX)‘s stock had its “neutral” rating reaffirmed by stock analysts at Credit Suisse in a report issued on Thursday. They currently have a $31.00 target price on the stock, up from their previous target price of $30.00. Credit Suisse’s price target indicates a potential upside of 0.78% from the company’s current price.
A number of other analysts have also recently weighed in on CSX. Analysts at Argus raised their price target on shares of CSX from $33.00 to $38.00 in a research note on Thursday. They now have a “buy” rating on the stock. Separately, analysts at Citigroup Inc. reiterated a “neutral” rating on shares of CSX in a research note on Wednesday. They now have a $32.00 price target on the stock, up previously from $31.00. Finally, analysts at Bank of America reiterated a “buy” rating on shares of CSX in a research note on Wednesday. They now have a $36.00 price target on the stock, down previously from $37.00. Eleven research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. CSX currently has a consensus rating of “Hold” and a consensus target price of $31.50.
Shares of CSX (NYSE:CSX) traded down 1.38% during mid-day trading on Thursday, hitting $30.76. 6,325,381 shares of the company’s stock traded hands. CSX has a 52 week low of $24.43 and a 52 week high of $31.30. The stock’s 50-day moving average is $30.48 and its 200-day moving average is $28.74. The company has a market cap of $30.747 billion and a P/E ratio of 17.57. CSX also was the target of some unusual options trading on Tuesday. Stock traders purchased 13,164 put options on the company. This represents an increase of 987% compared to the average 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. Stockholders 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 2.08%. The ex-dividend date of this dividend is Wednesday, August 27th.
CSX Corporation (NYSE:CSX), together with its subsidiaries, is a transportation supplier.
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