CSX Co. (NASDAQ:CSX - Get Free Report)'s stock price hit a new 52-week low during trading on Tuesday . The company traded as low as $30.16 and last traded at $30.18, with a volume of 774493 shares traded. The stock had previously closed at $30.65.
Wall Street Analyst Weigh In
Several analysts have issued reports on the stock. Stephens restated an "overweight" rating and set a $38.00 price target on shares of CSX in a research report on Friday, January 24th. Wells Fargo & Company decreased their price target on CSX from $36.00 to $34.00 and set an "equal weight" rating on the stock in a research note on Friday, January 24th. Susquehanna reduced their target price on CSX from $40.00 to $39.00 and set a "positive" rating on the stock in a research note on Wednesday, January 8th. JPMorgan Chase & Co. dropped their price target on CSX from $38.00 to $37.00 and set an "overweight" rating for the company in a research note on Friday, January 24th. Finally, 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 report on Friday, January 10th. Seven research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $37.00.
View Our Latest Report on CSX
CSX Stock Down 2.4 %
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 company has a market cap of $56.69 billion, a PE ratio of 16.71, a PEG ratio of 1.92 and a beta of 1.25. The company's fifty day moving average is $32.45 and its 200-day moving average is $33.61.
CSX (NASDAQ:CSX - Get Free Report) last announced its earnings results on Thursday, January 23rd. The transportation company reported $0.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.02). CSX had a return on equity of 28.15% and a net margin of 23.95%. On average, analysts predict that CSX Co. will post 1.83 EPS for the current year.
CSX Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be issued a $0.13 dividend. This is a boost from CSX's previous quarterly dividend of $0.12. This represents a $0.52 dividend on an annualized basis and a yield of 1.74%. The ex-dividend date of this dividend is Friday, February 28th. CSX's dividend payout ratio (DPR) is currently 29.05%.
Institutional Inflows and Outflows
Several institutional investors have recently made changes to their positions in the stock. Valley Wealth Managers Inc. lifted its holdings in CSX by 177.8% during the third quarter. Valley Wealth Managers Inc. now owns 750 shares of the transportation company's stock valued at $26,000 after purchasing an additional 480 shares in the last quarter. Marshall & Sterling Wealth Advisors Inc. purchased a new position in shares of CSX during the 4th quarter valued at $27,000. Accredited Wealth Management LLC purchased a new stake in CSX in the 4th quarter worth $29,000. Fourth Dimension Wealth LLC bought a new stake in CSX during the fourth quarter valued at about $29,000. Finally, SBI Securities Co. Ltd. purchased a new position in shares of CSX in the fourth quarter valued at about $31,000. Institutional investors own 73.57% of the company's stock.
About CSX
(
Get Free Report)
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.
See Also
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