CSX (NASDAQ:CSX) Hits New 1-Year Low - Should You Sell?

CSX Co. (NASDAQ:CSX - Get Free Report)'s stock price hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as $31.29 and last traded at $31.41, with a volume of 3610560 shares. The stock had previously closed at $31.93.

Wall Street Analyst Weigh In

Several research firms have weighed in on CSX. BMO Capital Markets dropped their target price on CSX from $40.00 to $38.00 and set an "outperform" rating for the company in a research report on Friday, January 24th. Robert W. Baird dropped their target price on CSX from $39.00 to $38.00 and set an "outperform" rating for the company in a research report on Friday, January 24th. Stephens reaffirmed an "overweight" rating and issued a $38.00 target price on shares of CSX in a research report on Friday, January 24th. Benchmark reaffirmed a "buy" rating and issued a $38.00 target price on shares of CSX in a research report on Monday, January 27th. Finally, Raymond James reaffirmed an "outperform" rating and issued a $37.00 target price (down from $38.00) on shares of CSX in a research report on Friday, January 24th. Seven analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat, CSX presently has a consensus rating of "Moderate Buy" and a consensus target price of $37.00.

CSX Stock Performance

The firm has a 50 day moving average of $32.48 and a two-hundred day moving average of $33.62. The stock has a market cap of $60.28 billion, a PE ratio of 17.46, a PEG ratio of 1.92 and a beta of 1.23. The company has a debt-to-equity ratio of 1.43, a current ratio of 0.86 and a quick ratio of 1.23.

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CSX (NASDAQ:CSX - Get Free Report) last posted 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 return on equity of 28.15% and a net margin of 23.95%. Research analysts predict that CSX Co. will post 1.83 EPS for the current fiscal year.

CSX Increases Dividend

The company 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 $0.13 dividend. The ex-dividend date is Friday, February 28th. This represents a $0.52 dividend on an annualized basis and a yield of 1.66%. 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

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Valley Wealth Managers Inc. lifted its stake in CSX by 177.8% in the third quarter. Valley Wealth Managers Inc. now owns 750 shares of the transportation company's stock valued at $26,000 after buying an additional 480 shares during the last quarter. Marshall & Sterling Wealth Advisors Inc. acquired a new position in shares of CSX in the fourth quarter valued at approximately $27,000. Accredited Wealth Management LLC acquired a new position in shares of CSX in the fourth quarter valued at approximately $29,000. Fourth Dimension Wealth LLC acquired a new position in shares of CSX in the fourth quarter valued at approximately $29,000. Finally, SBI Securities Co. Ltd. acquired a new position in shares of CSX in the fourth quarter valued at approximately $31,000. Hedge funds and other institutional investors own 73.57% of the company's stock.

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.