CSX (CSX) – Analysts’ Weekly Ratings Updates

Several brokerages have updated their recommendations and price targets on shares of CSX (NASDAQ: CSX) in the last few weeks:

• 4/18/2024 – CSX had its price target lowered by analysts at Royal Bank of Canada from $37.00 to $36.00. They now have a “sector perform” rating on the stock.
• 4/18/2024 – CSX had its price target lowered by analysts at Jefferies Financial Group Inc. from $40.00 to $38.00. They now have a “hold” rating on the stock.
• 4/18/2024 – CSX had its price target lowered by analysts at UBS Group AG from $46.00 to $44.00. They now have a “buy” rating on the stock.
• 4/18/2024 – CSX had its “buy” rating reaffirmed by analysts at Benchmark Co.. They now have a $40.00 price target on the stock.
• 4/18/2024 – CSX had its price target lowered by analysts at Bank of America Co. from $40.00 to $39.00. They now have a “buy” rating on the stock.
• 4/12/2024 – CSX had its price target raised by analysts at Stifel Nicolaus from $37.00 to $39.00. They now have a “buy” rating on the stock.
• 4/10/2024 – CSX had its price target raised by analysts at Benchmark Co. from $38.00 to $40.00. They now have a “buy” rating on the stock.
• 4/8/2024 – CSX is now covered by analysts at Jefferies Financial Group Inc.. They set a “hold” rating and a $40.00 price target on the stock.
• 3/28/2024 – CSX had its price target raised by analysts at Susquehanna from $42.00 to $44.00. They now have a “positive” rating on the stock.

CSX Stock Performance

NASDAQ:CSX opened at $34.72 on Wednesday. The company has a debt-to-equity ratio of 1.42, a current ratio of 1.15 and a quick ratio of 1.00. The firm has a 50-day moving average of $36.79 and a two-hundred day moving average of $34.45. The stock has a market cap of $67.88 billion, a P/E ratio of 19.08, a PEG ratio of 2.05 and a beta of 1.18. CSX Co. has a 1-year low of $29.03 and a 1-year high of $40.12.

CSX (NASDAQ:CSX) last issued its earnings results on Wednesday, April 17th. The transportation company reported $0.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.45 by $0.01. The business had revenue of $3.68 billion for the quarter, compared to analyst estimates of $3.66 billion. CSX had a net margin of 24.75% and a return on equity of 29.58%. The company’s revenue for the quarter was down .8% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.48 EPS. On average, research analysts expect that CSX Co. will post 1.95 earnings per share for the current fiscal year.

CSX Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Thursday, February 29th were issued a $0.12 dividend. The ex-dividend date of this dividend was Wednesday, February 28th. This is a boost from CSX’s previous quarterly dividend of $0.11. This represents a $0.48 annualized dividend and a dividend yield of 1.38%. CSX’s dividend payout ratio (DPR) is 26.37%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in CSX. Fortitude Family Office LLC bought a new stake in CSX during the fourth quarter worth approximately $27,000. Life Planning Partners Inc bought a new stake in CSX during the fourth quarter worth approximately $27,000. Financial Synergies Wealth Advisors Inc. bought a new stake in CSX during the first quarter worth approximately $29,000. Venturi Wealth Management LLC boosted its holdings in CSX by 228.4% during the third quarter. Venturi Wealth Management LLC now owns 995 shares of the transportation company’s stock worth $31,000 after buying an additional 692 shares in the last quarter. Finally, Turtle Creek Wealth Advisors LLC bought a new stake in CSX during the fourth quarter worth approximately $34,000. 73.57% of the stock is currently owned by institutional investors.

CSX Corporation, together with its subsidiaries, provides rail-based freight transportation services. The company offers rail services; and transportation of intermodal containers and trailers, as well as other transportation services, such as rail-to-truck transfers and bulk commodity operations. It also transports chemicals, agricultural and food products, minerals, automotive, forest products, fertilizers, and metals and equipment; and coal, coke, and iron ore to electricity-generating power plants, steel manufacturers, and industrial plants, as well as exports coal to deep-water port facilities.