CSX Corporation (NASDAQ: CSX) has recently received a number of price target changes and ratings updates:

  • 11/2/2017 – CSX Corporation was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 10/27/2017 – CSX Corporation was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Shares  of CSX have outperformed its industry on a year-to-date basis. CSX's third-quarter earnings improved 6.3% year over year. Revenues in the quarter also improved year over year owing to core pricing gains. The improved coal scenario is encouraging. Coal revenues improved 10% in third-quarter. Driven by improved efficiencies, the company expects the bottom line to expand between 20% and 25% in 2017 on a year over year basis. Operating ratio in the high end of mid-60s is expected in 2017. However, the company reported lower than expected revenues in the third quarter. Moreover, the year over year decline in merchandise revenues is concerning. CSX's high debt levels is also worrisome. Sluggish automotive production presents a further challenge to the company. Automotive sector revenues declined 12% in the third quarter. The recent service disruptions also do not bode well for the company.”
  • 10/18/2017 – CSX Corporation had its price target raised by analysts at Credit Suisse Group from $60.00 to $61.00. They now have an “outperform” rating on the stock.
  • 10/18/2017 – CSX Corporation had its price target raised by analysts at Barclays PLC from $55.00 to $60.00. They now have an “overweight” rating on the stock.
  • 10/16/2017 – CSX Corporation was downgraded by analysts at Wells Fargo & Company from an “outperform” rating to a “market perform” rating. They now have a $57.00 price target on the stock.
  • 10/16/2017 – CSX Corporation was given a new $68.00 price target on by analysts at UBS AG. They now have a “buy” rating on the stock.
  • 10/12/2017 – CSX Corporation was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Shares of CSX Corporation have outperformed its industry on a year-to-date basis on the back of improving coal volumes. We expect the same to boost its third-quarter results, which is scheduled to be revealed on Oct 17. Meanwhile, the company is looking to drive bottom-line growth by cutting costs. Driven by improved efficiencies, CSX expects the bottom line to expand between 20% and 25% in 2017 on a year-over-year basis. In fact, we are impressed by the 11% dividend hike announced by CSX, earlier in 2017. The company's high debt levels, however, raise concerns. Sluggish automotive production presents a further challenge to the company. Recent service disruptions also do not bode well for CSX.”
  • 10/12/2017 – CSX Corporation had its price target raised by analysts at J P Morgan Chase & Co from $58.00 to $62.00. They now have an “overweight” rating on the stock.
  • 10/10/2017 – CSX Corporation had its “buy” rating reaffirmed by analysts at Aegis. They now have a $64.00 price target on the stock.
  • 10/2/2017 – CSX Corporation was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating.
  • 10/2/2017 – CSX Corporation was downgraded by analysts at Morgan Stanley from an “equal weight” rating to an “underweight” rating. They now have a $43.00 price target on the stock, down previously from $44.00.
  • 9/26/2017 – CSX Corporation was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Shares of CSX Corporation have underperformed in the last three months. The stock gained 0.4%, while the industry appreciated 4.3%. The company’s third-quarter outlook on its automotive unit raises concerns. Going forward, sluggish auto production is likely to hurt results. The weak crude oil scenario also remains a major concern. Moreover, frequent management changes might shake investor confidence in the stock. CSX is also a highly leveraged company. However, its improved efficiencies and cost control efforts raise optimism in the stock. In fact, the company expects bottom line to expand by 25% in 2017.”
  • 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 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 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 “hold” rating reaffirmed by analysts at Stifel Nicolaus. They now have a $55.00 price target on the stock, down previously from $57.00.

CSX Corporation (NASDAQ:CSX) last posted its quarterly earnings data on Tuesday, October 17th. The transportation company reported $0.51 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.51. CSX Corporation had a net margin of 15.45% and a return on equity of 17.28%. The company had revenue of $2.74 billion during the quarter, compared to the consensus estimate of $2.77 billion. During the same period in the prior year, the business posted $0.48 EPS. The company’s quarterly revenue was up 1.2% on a year-over-year basis.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Thursday, November 30th will be paid a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 1.59%. CSX Corporation’s dividend payout ratio (DPR) is currently 41.24%.

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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