Atlantic Securities upgraded shares of CSX Co. (NASDAQ:CSX) from a neutral rating to an overweight rating in a research report released on Wednesday morning. The brokerage currently has $57.00 price objective on the stock.

Several other research analysts have also recently commented on CSX. Wells Fargo & Co began coverage on CSX in a research note on Monday, March 13th. They set an outperform rating for the company. Zacks Investment Research raised CSX from a hold rating to a buy rating and set a $41.00 target price for the company in a research note on Monday, December 5th. Stifel Nicolaus boosted their target price on CSX from $33.00 to $47.00 and gave the stock a positive rating in a research note on Tuesday, March 7th. Deutsche Bank AG cut CSX from a buy rating to a hold rating and lowered their target price for the stock from $45.51 to $42.00 in a research note on Thursday, January 19th. They noted that the move was a valuation call. Finally, Morgan Stanley raised CSX from an underweight rating to an equal weight rating and boosted their target price for the stock from $24.00 to $37.00 in a research note on Thursday, January 19th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and seventeen have given a buy rating to the stock. CSX currently has a consensus rating of Buy and a consensus target price of $52.65.

CSX (NASDAQ:CSX) opened at 46.88 on Wednesday. The firm has a market capitalization of $43.43 billion, a price-to-earnings ratio of 25.91 and a beta of 1.19. The stock has a 50 day moving average price of $47.94 and a 200-day moving average price of $37.36. CSX has a one year low of $24.36 and a one year high of $50.31.

This article was originally published by and is the sole property of American Banking News. If you happen to be reading this article on another website, it was stolen and illegally republished in violation of U.S. and International copyright law. The original version of this story can be read at https://www.americanbankingnews.com/2017/03/21/atlantic-securities-upgrades-csx-co-csx-to-overweight.html

CSX (NASDAQ:CSX) last released its earnings results on Tuesday, January 17th. The company reported $0.49 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.50 by $0.01. CSX had a return on equity of 14.71% and a net margin of 15.48%. The company had revenue of $2.86 billion for the quarter. During the same period last year, the firm earned $0.48 earnings per share. CSX’s quarterly revenue was up 2.8% compared to the same quarter last year. On average, analysts predict that CSX will post $2.02 earnings per share for the current fiscal year.

Your IP Address:

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 15th. Shareholders of record on Tuesday, February 28th were given a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 1.54%. The ex-dividend date was Friday, February 24th. CSX’s payout ratio is 39.78%.

Institutional investors have recently added to or reduced their stakes in the company. Independent Portfolio Consultants Inc. boosted its position in CSX by 2.1% in the third quarter. Independent Portfolio Consultants Inc. now owns 39,702 shares of the company’s stock valued at $1,211,000 after buying an additional 835 shares during the last quarter. Markston International LLC boosted its position in CSX by 7.4% in the third quarter. Markston International LLC now owns 297,985 shares of the company’s stock valued at $9,089,000 after buying an additional 20,635 shares during the last quarter. Morgan Stanley boosted its position in CSX by 3.2% in the third quarter. Morgan Stanley now owns 3,867,411 shares of the company’s stock valued at $117,956,000 after buying an additional 118,895 shares during the last quarter. GHP Investment Advisors Inc. boosted its position in CSX by 2.8% in the third quarter. GHP Investment Advisors Inc. now owns 71,989 shares of the company’s stock valued at $2,196,000 after buying an additional 1,981 shares during the last quarter. Finally, RWC Asset Management LLP boosted its position in CSX by 53.6% in the third quarter. RWC Asset Management LLP now owns 404,370 shares of the company’s stock valued at $12,333,000 after buying an additional 141,070 shares during the last quarter. Institutional investors own 69.47% of the company’s stock.

About CSX

CSX Corporation is a transportation company. The Company provides rail-based freight transportation services, including traditional rail service and transport of intermodal containers and trailers, as well as other transportation services, such as rail-to-truck transfers and bulk commodity operations.

5 Day Chart for NASDAQ:CSX

Receive News & Ratings for CSX Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CSX Co. and related companies with MarketBeat.com's FREE daily email newsletter.