CSX (NASDAQ:CSX) Price Target Cut to $35.00 by Analysts at Barclays

CSX (NASDAQ:CSX - Free Report) had its price target decreased by Barclays from $38.00 to $35.00 in a report released on Wednesday,Benzinga reports. Barclays currently has an overweight rating on the transportation company's stock.

CSX has been the subject of a number of other reports. Jefferies Financial Group upgraded shares of CSX from a "hold" rating to a "buy" rating and set a $37.00 price objective for the company in a research report on Friday, January 10th. Royal Bank of Canada reduced their price target on shares of CSX from $34.00 to $33.00 and set a "sector perform" rating for the company in a research report on Friday, January 24th. Benchmark reiterated a "buy" rating and issued a $38.00 price objective on shares of CSX in a research report on Monday, January 27th. Stephens restated an "overweight" rating and set a $38.00 target price on shares of CSX in a research report on Friday, January 24th. Finally, Citigroup lowered their price target on CSX from $40.00 to $39.00 and set a "buy" rating on the stock in a report on Friday, January 24th. Seven research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $36.20.

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CSX Stock Performance

Shares of NASDAQ:CSX traded down $0.78 during trading on Wednesday, hitting $27.21. 26,480,520 shares of the company were exchanged, compared to its average volume of 12,464,857. CSX has a 52-week low of $26.95 and a 52-week high of $37.10. The stock has a 50 day moving average of $31.32 and a 200 day moving average of $33.04. The company has a debt-to-equity ratio of 1.43, a current ratio of 0.86 and a quick ratio of 1.23. The company has a market cap of $51.28 billion, a PE ratio of 15.20, a P/E/G ratio of 1.92 and a beta of 1.22.

CSX (NASDAQ:CSX - Get Free Report) last issued its quarterly earnings data on Thursday, January 23rd. The transportation company reported $0.42 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.44 by ($0.02). CSX had a return on equity of 28.15% and a net margin of 23.95%. As a group, equities research analysts predict that CSX will post 1.83 EPS for the current year.

CSX Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were given a dividend of $0.13 per share. The ex-dividend date of this dividend was Friday, February 28th. This represents a $0.52 annualized dividend and a yield of 1.91%. This is a boost from CSX's previous quarterly dividend of $0.12. CSX's dividend payout ratio is presently 29.05%.

Hedge Funds Weigh In On CSX

A number of hedge funds have recently modified their holdings of CSX. Rehmann Capital Advisory Group grew its stake in shares of CSX by 1.3% in the third quarter. Rehmann Capital Advisory Group now owns 23,990 shares of the transportation company's stock worth $830,000 after purchasing an additional 306 shares during the last quarter. Joel Isaacson & Co. LLC lifted its holdings in CSX by 2.4% in the 4th quarter. Joel Isaacson & Co. LLC now owns 13,036 shares of the transportation company's stock worth $421,000 after buying an additional 310 shares during the period. Patrick M Sweeney & Associates Inc. grew its position in shares of CSX by 1.0% in the 4th quarter. Patrick M Sweeney & Associates Inc. now owns 31,827 shares of the transportation company's stock worth $1,027,000 after buying an additional 313 shares during the last quarter. West Branch Capital LLC increased its stake in shares of CSX by 3.3% during the fourth quarter. West Branch Capital LLC now owns 10,317 shares of the transportation company's stock valued at $333,000 after buying an additional 332 shares during the period. Finally, Alhambra Investment Management LLC raised its holdings in shares of CSX by 4.3% during the fourth quarter. Alhambra Investment Management LLC now owns 8,292 shares of the transportation company's stock valued at $268,000 after acquiring an additional 342 shares in the last quarter. Hedge funds and other institutional investors own 73.57% of the company's stock.

CSX Company Profile

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.