A number of research firms have changed their ratings and price targets for CSX Corporation (NASDAQ: CSX):

  • 9/12/2017 – CSX Corporation was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 9/7/2017 – CSX Corporation had its price target lowered by analysts at Royal Bank Of Canada from $65.00 to $64.00. They now have an “outperform” rating on the stock.
  • 9/7/2017 – CSX Corporation had its price target lowered by analysts at Credit Suisse Group from $61.00 to $60.00. They now have an “outperform” rating on the stock.
  • 9/7/2017 – CSX Corporation had its “hold” rating reaffirmed by analysts at Stifel Nicolaus. They now have a $55.00 price target on the stock, down previously from $57.00.
  • 9/1/2017 – CSX Corporation was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating.
  • 8/30/2017 – CSX Corporation had its “buy” rating reaffirmed by analysts at BMO Capital Markets.
  • 8/19/2017 – CSX Corporation was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 8/14/2017 – CSX Corporation had its “buy” rating reaffirmed by analysts at UBS AG. They now have a $62.00 price target on the stock.
  • 8/11/2017 – CSX Corporation had its “buy” rating reaffirmed by analysts at Royal Bank Of Canada. They now have a $65.00 price target on the stock.
  • 8/10/2017 – CSX Corporation was upgraded by analysts at BidaskClub from a “strong sell” rating to a “sell” rating.
  • 8/2/2017 – CSX Corporation had its “buy” rating reaffirmed by analysts at Deutsche Bank AG.
  • 7/31/2017 – CSX Corporation was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 7/28/2017 – CSX Corporation had its “hold” rating reaffirmed by analysts at Cowen and Company. They now have a $54.00 price target on the stock.
  • 7/25/2017 – CSX Corporation was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 7/24/2017 – CSX Corporation had its “hold” rating reaffirmed by analysts at Stifel Nicolaus. They now have a $57.00 price target on the stock, up previously from $50.00.
  • 7/22/2017 – CSX Corporation had its “equal weight” rating reaffirmed by analysts at Morgan Stanley. They now have a $44.00 price target on the stock.
  • 7/22/2017 – CSX Corporation had its “buy” rating reaffirmed by analysts at UBS AG. They now have a $63.00 price target on the stock.
  • 7/22/2017 – CSX Corporation had its “hold” rating reaffirmed by analysts at Loop Capital. They now have a $54.00 price target on the stock, up previously from $52.00.

CSX Corporation (CSX) traded up 1.99% during midday trading on Wednesday, reaching $52.81. 4,503,464 shares of the company were exchanged. The firm’s 50 day moving average price is $50.16 and its 200-day moving average price is $50.73. The stock has a market capitalization of $48.23 billion, a P/E ratio of 27.62 and a beta of 1.30. CSX Corporation has a 52 week low of $29.21 and a 52 week high of $55.48.

CSX Corporation (NASDAQ:CSX) last announced its earnings results on Tuesday, July 18th. The transportation company reported $0.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.59 by $0.05. CSX Corporation had a net margin of 15.46% and a return on equity of 16.93%. The company had revenue of $2.93 billion for the quarter, compared to analysts’ expectations of $2.85 billion. During the same quarter in the previous year, the company posted $0.47 EPS. The firm’s quarterly revenue was up 8.5% on a year-over-year basis. Equities analysts forecast that CSX Corporation will post $2.22 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Thursday, August 31st were paid a dividend of $0.20 per share. The ex-dividend date of this dividend was Tuesday, August 29th. This represents a $0.80 annualized dividend and a yield of 1.51%. CSX Corporation’s dividend payout ratio (DPR) is presently 41.88%.

In other news, Director Ridge Lp Mantle purchased 1,357,000 shares of the stock in a transaction dated Friday, July 21st. The shares were purchased at an average price of $51.59 per share, with a total value of $70,007,630.00. Following the transaction, the director now owns 106 shares in the company, valued at approximately $5,468.54. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 4.79% of the company’s stock.

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.

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