CSX Co. (NASDAQ:CSX) Receives $37.00 Consensus Price Target from Analysts

Shares of CSX Co. (NASDAQ:CSX - Get Free Report) have received an average rating of "Moderate Buy" from the twenty ratings firms that are covering the firm, Marketbeat reports. Seven equities research analysts have rated the stock with a hold recommendation and thirteen have issued a buy recommendation on the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $37.00.

Several equities research analysts have recently issued reports on the stock. Benchmark reaffirmed a "buy" rating and set a $38.00 price objective on shares of CSX in a research report on Monday, January 27th. JPMorgan Chase & Co. decreased their price target on CSX from $38.00 to $37.00 and set an "overweight" rating for the company in a report on Friday, January 24th. Wells Fargo & Company dropped their price objective on CSX from $36.00 to $34.00 and set an "equal weight" rating on the stock in a report on Friday, January 24th. Susquehanna decreased their target price on CSX from $40.00 to $39.00 and set a "positive" rating for the company in a research note on Wednesday, January 8th. Finally, Robert W. Baird lowered their price target on CSX from $39.00 to $38.00 and set an "outperform" rating for the company in a report on Friday, January 24th.

CSX Stock Down 3.7 %

NASDAQ CSX traded down $1.13 during trading hours on Tuesday, hitting $29.52. 15,098,983 shares of the company were exchanged, compared to its average volume of 11,672,512. The company has a quick ratio of 1.23, a current ratio of 0.86 and a debt-to-equity ratio of 1.43. The firm has a market cap of $55.93 billion, a price-to-earnings ratio of 16.49, a PEG ratio of 1.92 and a beta of 1.25. The company has a 50 day moving average of $32.45 and a two-hundred day moving average of $33.61. CSX has a 52-week low of $29.51 and a 52-week high of $38.35.

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

CSX Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be paid a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.76%. The ex-dividend date of this dividend is Friday, February 28th. This is a boost from CSX's previous quarterly dividend of $0.12. CSX's payout ratio is currently 29.05%.

Institutional Investors Weigh In On CSX

Several hedge funds have recently modified their holdings of the stock. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of CSX during the fourth quarter valued at approximately $117,133,000. Brooklyn FI LLC acquired a new stake in CSX during the 4th quarter valued at $566,000. Jefferies Financial Group Inc. increased its stake in CSX by 55.1% during the 4th quarter. Jefferies Financial Group Inc. now owns 178,850 shares of the transportation company's stock worth $5,771,000 after buying an additional 63,551 shares during the period. Bernard Wealth Management Corp. acquired a new position in CSX in the 4th quarter worth $74,000. Finally, Pinnacle Wealth Planning Services Inc. boosted its position in CSX by 41.8% in the 4th quarter. Pinnacle Wealth Planning Services Inc. now owns 23,012 shares of the transportation company's stock valued at $743,000 after buying an additional 6,787 shares during the last quarter. 73.57% of the stock is currently owned by hedge funds and other institutional investors.

About CSX

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.