Susquehanna Lowers CSX (NASDAQ:CSX) Price Target to $37.00

CSX (NASDAQ:CSX - Free Report) had its price objective lowered by Susquehanna from $39.00 to $37.00 in a research note released on Thursday, MarketBeat Ratings reports. Susquehanna currently has a positive rating on the transportation company's stock.

Several other equities analysts also recently commented on CSX. Raymond James reiterated 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. Wells Fargo & Company cut their target price on shares of CSX from $34.00 to $31.00 and set an "equal weight" rating on the stock in a research report on Thursday. Stephens reaffirmed an "overweight" rating and set a $38.00 price target on shares of CSX in a research note on Friday, January 24th. Citigroup reduced their price objective on shares of CSX from $40.00 to $39.00 and set a "buy" rating on the stock in a research note on Friday, January 24th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on CSX in a report on Friday, March 7th. They set a "hold" rating and a $34.00 target price on the stock. Seven research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $36.75.

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CSX Price Performance

NASDAQ CSX traded up $0.23 on Thursday, hitting $29.34. 5,368,883 shares of the company's stock were exchanged, compared to its average volume of 12,300,816. The stock has a 50-day moving average of $31.75 and a 200-day moving average of $33.20. The stock has a market cap of $55.29 billion, a price-to-earnings ratio of 16.38, a P/E/G ratio of 1.92 and a beta of 1.25. CSX has a 52 week low of $28.87 and a 52 week high of $37.10. The company has a current ratio of 0.86, a quick ratio of 1.23 and a debt-to-equity ratio of 1.43.

CSX (NASDAQ:CSX - Get Free Report) last announced its quarterly earnings data 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%. Analysts expect that CSX will post 1.83 earnings per share for the current year.

CSX Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were given a dividend of $0.13 per share. This is a boost from CSX's previous quarterly dividend of $0.12. The ex-dividend date of this dividend was Friday, February 28th. This represents a $0.52 annualized dividend and a dividend yield of 1.77%. CSX's payout ratio is presently 29.05%.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in CSX. Marshall & Sterling Wealth Advisors Inc. bought a new stake in shares of CSX during the 4th quarter worth $27,000. Accredited Wealth Management LLC bought a new stake in CSX in the fourth quarter worth about $29,000. Fourth Dimension Wealth LLC purchased a new position in CSX in the fourth quarter valued at about $29,000. SBI Securities Co. Ltd. bought a new position in shares of CSX during the 4th quarter valued at approximately $31,000. Finally, Sierra Ocean LLC purchased a new stake in shares of CSX during the 4th quarter worth approximately $33,000. 73.57% of the stock is owned by 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.